Littelfuse’s (LFUS) “Hold” Rating Reiterated at Stifel Nicolaus
Stifel Nicolaus reissued their hold rating on shares of Littelfuse, Inc. (NASDAQ:LFUS) in a research note published on Tuesday morning. The firm currently has a $180.00 target price on the technology company’s stock.
A number of other equities analysts also recently commented on LFUS. Robert W. Baird reiterated a buy rating and set a $202.00 target price on shares of Littelfuse in a research note on Tuesday, September 5th. BidaskClub upgraded shares of Littelfuse from a strong sell rating to a sell rating in a research note on Friday, June 30th. Oppenheimer Holdings, Inc. boosted their target price on shares of Littelfuse from $185.00 to $200.00 and gave the stock an outperform rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of Littelfuse from a buy rating to a hold rating in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Littelfuse has a consensus rating of Hold and a consensus price target of $189.80.
Shares of Littelfuse (LFUS) opened at 185.33 on Tuesday. The stock’s 50 day moving average price is $181.93 and its 200 day moving average price is $167.78. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 29.17 and a beta of 0.97. Littelfuse has a one year low of $124.32 and a one year high of $188.60.
Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $2.10 EPS for the quarter, hitting analysts’ consensus estimates of $2.10. The firm had revenue of $313.36 million during the quarter, compared to the consensus estimate of $312.97 million. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.44 earnings per share. Analysts forecast that Littelfuse will post $7.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 24th were given a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This is a boost from Littelfuse’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a yield of 0.80%. Littelfuse’s payout ratio is 23.34%.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Littelfuse by 0.6% in the second quarter. BlackRock Inc. now owns 2,267,726 shares of the technology company’s stock valued at $374,174,000 after acquiring an additional 13,076 shares during the last quarter. Vanguard Group Inc. lifted its position in Littelfuse by 1.7% in the second quarter. Vanguard Group Inc. now owns 1,878,924 shares of the technology company’s stock valued at $310,023,000 after acquiring an additional 31,326 shares during the last quarter. State Street Corp lifted its position in Littelfuse by 4.5% in the second quarter. State Street Corp now owns 744,774 shares of the technology company’s stock valued at $122,894,000 after acquiring an additional 31,905 shares during the last quarter. Earnest Partners LLC lifted its position in Littelfuse by 1.2% in the second quarter. Earnest Partners LLC now owns 586,957 shares of the technology company’s stock valued at $96,848,000 after acquiring an additional 6,802 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Littelfuse by 97.3% in the second quarter. Principal Financial Group Inc. now owns 451,428 shares of the technology company’s stock valued at $74,486,000 after acquiring an additional 222,636 shares during the last quarter. 96.89% of the stock is owned by hedge funds and other institutional investors.
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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