Littelfuse (LFUS) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Littelfuse (NASDAQ:LFUS) from a sell rating to a hold rating in a research note published on Friday morning.

Several other equities analysts have also commented on LFUS. ValuEngine raised Littelfuse from a hold rating to a buy rating in a report on Thursday, May 3rd. Barrington Research reissued a hold rating on shares of Littelfuse in a report on Tuesday, May 1st. Finally, Zacks Investment Research lowered Littelfuse from a buy rating to a hold rating in a report on Wednesday, April 4th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Littelfuse has a consensus rating of Hold and a consensus price target of $212.75.

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Shares of Littelfuse traded down $6.11, hitting $210.85, during mid-day trading on Friday, according to MarketBeat. The company had a trading volume of 230,461 shares, compared to its average volume of 188,489. The stock has a market cap of $5.42 billion, a P/E ratio of 25.77, a PEG ratio of 1.90 and a beta of 1.00. The company has a current ratio of 3.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.52. Littelfuse has a 1-year low of $157.91 and a 1-year high of $226.33.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, May 2nd. The technology company reported $2.39 EPS for the quarter, beating the consensus estimate of $1.81 by $0.58. The firm had revenue of $417.81 million for the quarter, compared to analyst estimates of $391.22 million. Littelfuse had a return on equity of 18.83% and a net margin of 8.62%. Littelfuse’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.69 earnings per share. equities analysts forecast that Littelfuse will post 9.53 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 7th. Investors of record on Thursday, May 24th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, May 23rd. Littelfuse’s dividend payout ratio (DPR) is presently 19.12%.

In other Littelfuse news, SVP Deepak Nayar sold 7,047 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $209.05, for a total transaction of $1,473,175.35. Following the transaction, the senior vice president now owns 7,881 shares of the company’s stock, valued at $1,647,523.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ryan K. Stafford sold 8,027 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $223.36, for a total value of $1,792,910.72. The disclosure for this sale can be found here. Insiders sold 67,235 shares of company stock worth $14,429,816 in the last three months. 3.80% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of LFUS. Intrust Bank NA purchased a new position in shares of Littelfuse during the first quarter worth about $203,000. Cigna Investments Inc. New purchased a new position in shares of Littelfuse during the first quarter worth about $205,000. Zeke Capital Advisors LLC purchased a new position in shares of Littelfuse during the fourth quarter worth about $210,000. Advisor Partners LLC purchased a new position in shares of Littelfuse during the fourth quarter worth about $212,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Littelfuse during the fourth quarter worth about $218,000. 94.87% of the stock is currently owned by institutional investors.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.