Littelfuse (NASDAQ:LFUS) Given “Hold” Rating at Benchmark

Benchmark reissued their hold rating on shares of Littelfuse (NASDAQ:LFUS) in a research note released on Wednesday, Benzinga reports.

LFUS has been the subject of a number of other research reports. Robert W. Baird upped their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Stifel Nicolaus upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and upped their price objective for the stock from $270.00 to $280.00 in a research report on Tuesday, August 13th. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target for the company in a research report on Thursday, October 17th. Finally, TD Cowen upped their price target on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $285.00.

Littelfuse Price Performance

NASDAQ:LFUS opened at $249.44 on Wednesday. Littelfuse has a one year low of $222.91 and a one year high of $275.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.42 and a current ratio of 3.55. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.47 and a beta of 1.28. The firm’s fifty day moving average is $257.63 and its two-hundred day moving average is $254.90.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million during the quarter, compared to the consensus estimate of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.97 earnings per share. Research analysts expect that Littelfuse will post 8.25 EPS for the current year.

Littelfuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st will be issued a $0.70 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.80 dividend on an annualized basis and a yield of 1.12%. Littelfuse’s payout ratio is 35.99%.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,369,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now owns 59,654 shares of the company’s stock, valued at $16,383,971.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 8,715 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at approximately $16,369,057.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,242 shares of company stock worth $3,318,974. Insiders own 2.30% of the company’s stock.

Institutional Trading of Littelfuse

Several hedge funds have recently made changes to their positions in LFUS. Van Lanschot Kempen Investment Management N.V. purchased a new stake in shares of Littelfuse in the 2nd quarter valued at approximately $100,662,000. Westwood Holdings Group Inc. boosted its position in shares of Littelfuse by 223.8% during the 1st quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company’s stock worth $76,080,000 after purchasing an additional 216,985 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Littelfuse during the 2nd quarter worth approximately $46,037,000. Lord Abbett & CO. LLC boosted its position in shares of Littelfuse by 88.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after purchasing an additional 78,153 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Littelfuse by 13.2% during the 2nd quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock worth $128,179,000 after purchasing an additional 58,529 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.