Littelfuse (NASDAQ:LFUS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Littelfuse (NASDAQ:LFUS) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also commented on the company. Oppenheimer lowered their price target on Littelfuse from $310.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, May 1st. Baird R W lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Benchmark reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, May 28th. Finally, Robert W. Baird increased their price target on Littelfuse from $182.00 to $194.00 and gave the company a “neutral” rating in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Littelfuse currently has a consensus rating of “Moderate Buy” and a consensus target price of $249.67.

Littelfuse Price Performance

Shares of LFUS opened at $253.00 on Friday. Littelfuse has a 12-month low of $142.10 and a 12-month high of $275.56. The business’s fifty day moving average is $226.74 and its 200 day moving average is $214.38. The company has a quick ratio of 2.98, a current ratio of 4.06 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.27 billion, a P/E ratio of 52.71, a P/E/G ratio of 2.15 and a beta of 1.41.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.50. Littelfuse had a return on equity of 9.74% and a net margin of 5.30%. The company had revenue of $613.41 million for the quarter, compared to analysts’ expectations of $571.04 million. During the same period last year, the business earned $1.97 EPS. Littelfuse’s quarterly revenue was up 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Littelfuse Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.00 annualized dividend and a dividend yield of 1.2%. This is a boost from Littelfuse’s previous quarterly dividend of $0.70. Littelfuse’s payout ratio is 58.33%.

Institutional Investors Weigh In On Littelfuse

Several large investors have recently made changes to their positions in the business. Mesirow Financial Investment Management Inc. purchased a new stake in Littelfuse in the 2nd quarter worth about $227,000. Atria Investments Inc purchased a new stake in Littelfuse in the 2nd quarter worth about $329,000. Assetmark Inc. increased its holdings in Littelfuse by 20.8% in the 2nd quarter. Assetmark Inc. now owns 1,117 shares of the technology company’s stock worth $253,000 after acquiring an additional 192 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in Littelfuse in the 2nd quarter worth about $331,000. Finally, Teacher Retirement System of Texas increased its holdings in Littelfuse by 13.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 5,701 shares of the technology company’s stock worth $1,293,000 after acquiring an additional 678 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

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.