Analysts Set Littelfuse, Inc. (NASDAQ:LFUS) PT at $280.00

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $280.00.

Several equities analysts recently weighed in on the stock. Robert W. Baird decreased their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LFUS. Pathstone Holdings LLC increased its holdings in Littelfuse by 0.6% in the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 40 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock valued at $225,000 after acquiring an additional 50 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Littelfuse by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock valued at $1,694,000 after acquiring an additional 51 shares during the period. Studio Investment Management LLC boosted its stake in Littelfuse by 4.0% during the third quarter. Studio Investment Management LLC now owns 1,691 shares of the technology company’s stock worth $449,000 after acquiring an additional 65 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in Littelfuse by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock worth $2,529,000 after purchasing an additional 70 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Price Performance

Shares of LFUS opened at $200.97 on Friday. The stock has a 50 day simple moving average of $228.63 and a 200 day simple moving average of $241.53. Littelfuse has a 52-week low of $199.70 and a 52-week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The firm has a market capitalization of $4.97 billion, a PE ratio of 44.66, a P/E/G ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter in the prior year, the firm earned $2.02 earnings per share. Sell-side analysts predict that Littelfuse will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, February 20th. Littelfuse’s payout ratio is presently 62.22%.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.