Littelfuse (NASDAQ:LFUS) Sets New 52-Week Low – Here’s What Happened

Littelfuse, Inc. (NASDAQ:LFUS) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $222.73 and last traded at $223.64, with a volume of 48001 shares changing hands. The stock had previously closed at $229.21.

Analysts Set New Price Targets

Several brokerages have commented on LFUS. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a research report on Thursday, October 17th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Stock Performance

The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $240.17 and a 200 day moving average of $251.27. The stock has a market capitalization of $5.56 billion, a P/E ratio of 28.79, a PEG ratio of 1.93 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. During the same period in the previous year, the business posted $2.02 earnings per share. Research analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 20th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 1.25%. Littelfuse’s dividend payout ratio (DPR) is 35.99%.

Insider Buying and Selling at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Littelfuse

Large investors have recently made changes to their positions in the business. Entropy Technologies LP bought a new stake in shares of Littelfuse during the fourth quarter valued at approximately $401,000. Wilmington Savings Fund Society FSB lifted its holdings in Littelfuse by 55.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 492 shares of the technology company’s stock worth $116,000 after buying an additional 175 shares in the last quarter. Lecap Asset Management Ltd. bought a new position in Littelfuse in the 4th quarter valued at $378,000. Global X Japan Co. Ltd. increased its stake in shares of Littelfuse by 221.0% in the 4th quarter. Global X Japan Co. Ltd. now owns 260 shares of the technology company’s stock valued at $61,000 after buying an additional 179 shares during the period. Finally, Tectonic Advisors LLC raised its position in shares of Littelfuse by 12.4% during the fourth quarter. Tectonic Advisors LLC now owns 1,841 shares of the technology company’s stock worth $434,000 after acquiring an additional 203 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.