Littelfuse (NASDAQ:LFUS) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Littelfuse (NASDAQ:LFUS) from a buy rating to a hold rating in a report published on Thursday.

Several other analysts have also recently issued reports on the company. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Robert W. Baird reduced their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Trading Down 4.3 %

Shares of NASDAQ LFUS opened at $200.97 on Thursday. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.97 billion, a PE ratio of 44.66, a PEG ratio of 2.24 and a beta of 1.27. Littelfuse has a twelve month low of $199.70 and a twelve month high of $275.58. The stock has a fifty day simple moving average of $228.63 and a 200-day simple moving average of $241.51.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter last year, the firm earned $2.02 EPS. On average, equities analysts forecast that Littelfuse will post 9.49 earnings per share for the current year.

Littelfuse Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LFUS. Pathstone Holdings LLC lifted its stake in Littelfuse by 0.6% during the third quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 40 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Littelfuse by 0.7% during the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after buying an additional 51 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Littelfuse by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company’s stock valued at $2,529,000 after buying an additional 70 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Littelfuse by 11.4% in the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company’s stock valued at $189,000 after buying an additional 82 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.