Littelfuse (NASDAQ:LFUS) Price Target Cut to $290.00 by Analysts at Robert W. Baird

Littelfuse (NASDAQ:LFUS) had its target price cut by Robert W. Baird from $300.00 to $290.00 in a report issued on Thursday,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other equities analysts have also issued reports on LFUS. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a research report on Thursday, October 17th. StockNews.com raised Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Stock Performance

Littelfuse stock opened at $238.36 on Thursday. The stock’s 50 day moving average price is $239.61 and its 200 day moving average price is $250.19. The firm has a market capitalization of $5.91 billion, a PE ratio of 52.97, a price-to-earnings-growth ratio of 1.92 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. Littelfuse has a one year low of $222.73 and a one year high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.48% and a net margin of 5.16%. During the same quarter last year, the firm posted $2.02 EPS. As a group, sell-side analysts expect that Littelfuse will post 10.19 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 20th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, February 20th. Littelfuse’s dividend payout ratio is currently 62.22%.

Insider Activity at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in shares of Littelfuse during the 4th quarter valued at approximately $40,000. New York State Common Retirement Fund grew its stake in Littelfuse by 0.7% during the 4th quarter. New York State Common Retirement Fund now owns 142,197 shares of the technology company’s stock worth $33,509,000 after buying an additional 1,040 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after buying an additional 50 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Littelfuse by 2,746.7% during the 4th quarter. Venturi Wealth Management LLC now owns 427 shares of the technology company’s stock worth $101,000 after buying an additional 412 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Littelfuse by 2.9% during the 4th quarter. Rhumbline Advisers now owns 69,322 shares of the technology company’s stock worth $16,336,000 after buying an additional 1,979 shares during the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

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.