LFUS has been the subject of a number of other reports. Barrington Research reiterated a hold rating on shares of Littelfuse in a report on Wednesday, May 29th. Zacks Investment Research lowered Littelfuse from a hold rating to a sell rating in a report on Tuesday, July 16th. Robert W. Baird lowered Littelfuse from an outperform rating to a neutral rating and cut their price target for the stock from $193.00 to $171.00 in a report on Thursday, August 1st. ValuEngine upgraded Littelfuse from a hold rating to a buy rating in a report on Tuesday. Finally, Cowen reiterated an outperform rating and set a $200.00 price target (down from $210.00) on shares of Littelfuse in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $207.33.
Littelfuse stock traded up $2.27 during trading hours on Thursday, reaching $183.10. 153,405 shares of the company were exchanged, compared to its average volume of 167,565. Littelfuse has a 12 month low of $149.80 and a 12 month high of $225.70. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 2.34 and a beta of 1.09. The stock has a 50-day moving average of $162.96 and a 200 day moving average of $177.30. The company has a current ratio of 3.90, a quick ratio of 2.95 and a debt-to-equity ratio of 0.46.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.05%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Wednesday, August 21st. Littelfuse’s dividend payout ratio is presently 20.34%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Investments LLC acquired a new position in shares of Littelfuse in the second quarter valued at $972,000. Treasurer of the State of North Carolina raised its stake in shares of Littelfuse by 17.8% in the second quarter. Treasurer of the State of North Carolina now owns 11,767 shares of the technology company’s stock valued at $2,082,000 after purchasing an additional 1,782 shares in the last quarter. Cresset Asset Management LLC raised its stake in shares of Littelfuse by 273.0% in the second quarter. Cresset Asset Management LLC now owns 1,257 shares of the technology company’s stock valued at $222,000 after purchasing an additional 920 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Littelfuse by 2.2% in the second quarter. Royal Bank of Canada now owns 84,117 shares of the technology company’s stock valued at $14,881,000 after purchasing an additional 1,790 shares in the last quarter. Finally, DF Dent & Co. Inc. raised its stake in shares of Littelfuse by 64.1% in the second quarter. DF Dent & Co. Inc. now owns 21,037 shares of the technology company’s stock valued at $3,722,000 after purchasing an additional 8,217 shares in the last quarter. Institutional investors and hedge funds own 99.73% of the company’s stock.
Littelfuse Company Profile
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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