BidaskClub Lowers Littelfuse (LFUS) to Hold
BidaskClub lowered shares of Littelfuse (NASDAQ:LFUS) from a buy rating to a hold rating in a research note released on Tuesday.
Several other research firms also recently weighed in on LFUS. Oppenheimer restated a hold rating on shares of Littelfuse in a research note on Wednesday, November 1st. Robert W. Baird reiterated a buy rating and set a $230.00 target price on shares of Littelfuse in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Littelfuse from a sell rating to a hold rating in a research report on Wednesday, January 24th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $211.25.
Littelfuse (NASDAQ:LFUS) opened at $198.52 on Tuesday. Littelfuse has a 52 week low of $149.81 and a 52 week high of $226.33. The company has a quick ratio of 2.90, a current ratio of 3.52 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $4,530.95, a P/E ratio of 38.25, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.75%. Littelfuse’s dividend payout ratio is currently 28.52%.
In other news, SVP Ian Highley sold 9,378 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $212.50, for a total transaction of $1,992,825.00. Following the completion of the transaction, the senior vice president now directly owns 4,121 shares in the company, valued at approximately $875,712.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Koch Industries Inc. bought a new position in shares of Littelfuse during the 4th quarter valued at approximately $315,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Littelfuse during the 4th quarter valued at $3,358,000. Geode Capital Management LLC raised its holdings in Littelfuse by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 201,108 shares of the technology company’s stock valued at $39,783,000 after buying an additional 507 shares during the period. Allianz Asset Management GmbH raised its holdings in Littelfuse by 24.8% during the 4th quarter. Allianz Asset Management GmbH now owns 216,043 shares of the technology company’s stock valued at $42,738,000 after buying an additional 42,977 shares during the period. Finally, King Luther Capital Management Corp raised its holdings in Littelfuse by 21.2% during the 4th quarter. King Luther Capital Management Corp now owns 108,645 shares of the technology company’s stock valued at $21,492,000 after buying an additional 19,010 shares during the period. Hedge funds and other institutional investors own 98.72% of the company’s stock.
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Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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