Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been given a consensus rating of “Hold” by the ten brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $187.00.
Several equities analysts recently weighed in on LFUS shares. Oppenheimer Holdings, Inc. increased their price target on shares of Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reaffirmed a “hold” rating and set a $175.00 price objective (up from $165.00) on shares of Littelfuse in a report on Friday, July 21st. Zacks Investment Research downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Robert W. Baird reissued a “positive” rating and issued a $195.00 price target (up from $187.00) on shares of Littelfuse in a report on Wednesday, July 19th. Finally, BidaskClub raised shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Thursday, July 13th.
A number of institutional investors have recently made changes to their positions in LFUS. UBS Asset Management Americas Inc. lifted its position in Littelfuse by 9.2% during the first quarter. UBS Asset Management Americas Inc. now owns 9,981 shares of the technology company’s stock valued at $1,596,000 after buying an additional 844 shares during the period. Teachers Advisors LLC raised its position in shares of Littelfuse by 2.8% in the 1st quarter. Teachers Advisors LLC now owns 42,205 shares of the technology company’s stock worth $6,749,000 after purchasing an additional 1,161 shares during the last quarter. Legal & General Group Plc raised its position in shares of Littelfuse by 30.8% in the 1st quarter. Legal & General Group Plc now owns 14,587 shares of the technology company’s stock worth $2,333,000 after purchasing an additional 3,434 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Littelfuse by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 1,847,598 shares of the technology company’s stock worth $295,449,000 after purchasing an additional 85,750 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Littelfuse by 6.2% in the 1st quarter. Geode Capital Management LLC now owns 181,790 shares of the technology company’s stock worth $29,070,000 after purchasing an additional 10,553 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.14. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The firm had revenue of $317.90 million during the quarter, compared to analyst estimates of $319.20 million. During the same quarter in the prior year, the business posted $1.87 EPS. The business’s revenue was up 13.4% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Wednesday, November 22nd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.71%. Littelfuse’s payout ratio is 23.34%.
Littelfuse Company Profile
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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