Littelfuse (NASDAQ:LFUS) Stock Rating Upgraded by Robert W. Baird

Robert W. Baird upgraded shares of Littelfuse (NASDAQ:LFUSFree Report) from a neutral rating to an outperform rating in a research note published on Friday, Marketbeat reports. The firm currently has $300.00 price objective on the technology company’s stock, up from their previous price objective of $270.00.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group started coverage on Littelfuse in a research note on Tuesday, April 9th. They issued a hold rating and a $260.00 target price for the company. Benchmark reissued a hold rating on shares of Littelfuse in a research note on Thursday, May 2nd. Finally, StockNews.com cut Littelfuse from a buy rating to a hold rating in a research note on Saturday, March 30th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Littelfuse currently has a consensus rating of Moderate Buy and a consensus price target of $280.00.

Get Our Latest Report on LFUS

Littelfuse Trading Up 4.1 %

NASDAQ LFUS traded up $10.31 on Friday, reaching $259.76. The company had a trading volume of 147,571 shares, compared to its average volume of 168,221. The stock’s 50 day moving average is $237.79 and its 200-day moving average is $241.19. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 2.42 and a beta of 1.32. The company has a quick ratio of 2.44, a current ratio of 3.57 and a debt-to-equity ratio of 0.32. Littelfuse has a 52 week low of $212.80 and a 52 week high of $309.94.

Littelfuse (NASDAQ:LFUSGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The technology company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $535.39 million during the quarter, compared to the consensus estimate of $519.08 million. Littelfuse had a return on equity of 10.21% and a net margin of 9.58%. The firm’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.64 earnings per share. Equities analysts predict that Littelfuse will post 8.59 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $2.60 annualized dividend and a dividend yield of 1.00%. Littelfuse’s dividend payout ratio is currently 29.78%.

Insider Transactions at Littelfuse

In related news, SVP Deepak Nayar sold 1,305 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $250.25, for a total transaction of $326,576.25. Following the completion of the transaction, the senior vice president now directly owns 4,630 shares of the company’s stock, valued at $1,158,657.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Littelfuse news, SVP Maggie Chu sold 1,522 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $240.74, for a total value of $366,406.28. Following the sale, the senior vice president now owns 3,086 shares in the company, valued at $742,923.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Deepak Nayar sold 1,305 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $250.25, for a total value of $326,576.25. Following the completion of the sale, the senior vice president now owns 4,630 shares in the company, valued at approximately $1,158,657.50. The disclosure for this sale can be found here. Insiders sold 11,160 shares of company stock valued at $2,829,959 over the last three months. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Littelfuse

Several institutional investors and hedge funds have recently bought and sold shares of LFUS. Norges Bank bought a new stake in Littelfuse in the fourth quarter valued at approximately $150,004,000. Westwood Holdings Group Inc. increased its stake in shares of Littelfuse by 223.8% during the first quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company’s stock worth $76,080,000 after purchasing an additional 216,985 shares during the period. Federated Hermes Inc. increased its stake in shares of Littelfuse by 160.0% during the fourth quarter. Federated Hermes Inc. now owns 158,506 shares of the technology company’s stock worth $42,410,000 after purchasing an additional 97,535 shares during the period. Lord Abbett & CO. LLC increased its stake in shares of Littelfuse by 88.8% during the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after purchasing an additional 78,153 shares during the period. Finally, TD Asset Management Inc increased its stake in shares of Littelfuse by 160.2% during the fourth quarter. TD Asset Management Inc now owns 113,447 shares of the technology company’s stock worth $30,354,000 after purchasing an additional 69,842 shares during the period. Institutional investors own 96.14% of the company’s stock.

About Littelfuse

(Get Free Report)

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.

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