Littelfuse (NASDAQ:LFUS) Sets New 1-Year Low – Should You Sell?

Littelfuse, Inc. (NASDAQ:LFUS)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $200.56 and last traded at $201.79, with a volume of 37505 shares. The stock had previously closed at $210.03.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LFUS shares. Robert W. Baird decreased their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $280.00.

Littelfuse Trading Down 4.3 %

The stock has a market cap of $4.97 billion, a PE ratio of 44.66, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The company’s 50-day moving average price is $229.28 and its 200 day moving average price is $241.86. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period last year, the firm posted $2.02 EPS. On average, sell-side analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Thursday, February 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.39%. Littelfuse’s payout ratio is currently 62.22%.

Institutional Trading of Littelfuse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pathstone Holdings LLC raised its holdings in shares of Littelfuse by 0.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock valued at $1,730,000 after buying an additional 40 shares during the period. Atria Wealth Solutions Inc. lifted its holdings 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 in the last quarter. Arizona State Retirement System grew its stake in shares of Littelfuse by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after acquiring an additional 51 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Littelfuse by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock worth $2,529,000 after acquiring an additional 70 shares during the period. Finally, Assetmark Inc. boosted its holdings in Littelfuse by 11.4% in the fourth quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock valued at $189,000 after purchasing an additional 82 shares during the period. Hedge funds and other 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.