Zacks Investment Research upgraded shares of Littelfuse, Inc. (NASDAQ:LFUS) from a hold rating to a buy rating in a research note published on Friday, April 14th. Zacks Investment Research currently has $170.00 target price on the technology company’s stock.
According to Zacks, “Littelfuse, Inc. is a leading manufacturer and seller of fuses and other circuit protection devices for use in the electronic, automotive and general industrial markets. In addition to its Des Plaines, Illinois, world headquarters, Littelfuse has manufacturing facilities in England, Ireland, Switzerland, Mexico, Korea, China and the Philippines, as well as in Centralia and Arcola, Illinois. It also has sales, engineering and distribution facilities in the Netherlands, Singapore, Hong Kong, Taiwan, Japan, Brazil and Livonia, Michigan. “
Shares of Littelfuse (NASDAQ:LFUS) traded up 0.03% during trading on Friday, reaching $158.71. The company’s stock had a trading volume of 64,253 shares. The company has a market cap of $3.60 billion, a PE ratio of 29.17 and a beta of 1.01. The stock’s 50 day moving average price is $158.12 and its 200 day moving average price is $155.37. Littelfuse has a 52 week low of $107.64 and a 52 week high of $173.13.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, May 3rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.05. The firm had revenue of $285.44 million for the quarter, compared to analyst estimates of $284.95 million. Littelfuse had a return on equity of 17.99% and a net margin of 9.89%. The business’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 earnings per share. Equities research analysts predict that Littelfuse will post $7.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 25th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.83%. Littelfuse’s payout ratio is 28.76%.
In related news, VP John T. Quille sold 596 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $166.01, for a total transaction of $98,941.96. Following the completion of the transaction, the vice president now directly owns 1,078 shares in the company, valued at $178,958.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Deepak Nayar sold 9,545 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $164.58, for a total value of $1,570,916.10. Following the transaction, the senior vice president now owns 5,141 shares of the company’s stock, valued at $846,105.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,169 shares of company stock worth $2,328,476. 2.40% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Congress Asset Management Co. MA purchased a new position in Littelfuse during the fourth quarter worth about $566,000. First Midwest Bank Trust Division raised its stake in Littelfuse by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 2,274 shares of the technology company’s stock worth $364,000 after buying an additional 73 shares during the period. Nationwide Fund Advisors raised its position in Littelfuse by 157.8% in the third quarter. Nationwide Fund Advisors now owns 51,825 shares of the technology company’s stock worth $6,676,000 after buying an additional 31,719 shares during the last quarter. Victory Capital Management Inc. raised its position in Littelfuse by 81.9% in the third quarter. Victory Capital Management Inc. now owns 1,258,474 shares of the technology company’s stock worth $162,103,000 after buying an additional 566,618 shares during the last quarter. Finally, Allianz Asset Management AG raised its position in Littelfuse by 72.9% in the fourth quarter. Allianz Asset Management AG now owns 7,514 shares of the technology company’s stock worth $1,140,000 after buying an additional 3,168 shares during the last quarter. Hedge funds and other institutional investors own 99.14% of the company’s stock.
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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