LFUS has been the topic of a number of other reports. Oppenheimer lowered their price target on Littelfuse from $215.00 to $210.00 and set an outperform rating on the stock in a research note on Thursday, May 2nd. Zacks Investment Research raised Littelfuse from a sell rating to a hold rating in a research note on Thursday, May 2nd. Barrington Research reaffirmed a hold rating on shares of Littelfuse in a research note on Wednesday, May 29th. Longbow Research lowered Littelfuse from a buy rating to a neutral rating in a research note on Wednesday, April 17th. Finally, Cowen began coverage on Littelfuse in a research note on Tuesday, May 21st. They issued an outperform rating and a $210.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $223.33.
Littelfuse stock opened at $176.83 on Friday. The company has a market capitalization of $4.37 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10. Littelfuse has a 12 month low of $155.15 and a 12 month high of $238.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.82 and a quick ratio of 2.85.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Wednesday, May 22nd. Littelfuse’s dividend payout ratio is presently 18.22%.
In other Littelfuse news, SVP Deepak Nayar sold 3,947 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $187.74, for a total transaction of $741,009.78. Following the transaction, the senior vice president now owns 3,502 shares of the company’s stock, valued at $657,465.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nathan Zommer sold 7,500 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $200.00, for a total value of $1,500,000.00. Following the transaction, the director now directly owns 393,286 shares in the company, valued at approximately $78,657,200. The disclosure for this sale can be found here. Insiders sold 12,433 shares of company stock worth $2,404,479 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Manchester Capital Management LLC acquired a new position in Littelfuse during the first quarter worth $30,000. Quantamental Technologies LLC acquired a new position in Littelfuse during the first quarter worth $33,000. Doyle Wealth Management acquired a new position in Littelfuse during the fourth quarter worth $34,000. Icon Wealth Partners LLC acquired a new position in Littelfuse during the first quarter worth $46,000. Finally, Institutional & Family Asset Management LLC boosted its stake in Littelfuse by 243.9% during the first quarter. Institutional & Family Asset Management LLC now owns 282 shares of the technology company’s stock worth $51,000 after buying an additional 200 shares during the last quarter. 98.75% of the stock is currently owned by institutional investors.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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.
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