BidaskClub upgraded shares of Littelfuse (NASDAQ:LFUS) from a hold rating to a buy rating in a report issued on Friday morning.
A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Littelfuse from a hold rating to a sell rating in a report on Tuesday, November 7th. Oppenheimer reissued a hold rating on shares of Littelfuse in a report on Wednesday, November 1st. Finally, Robert W. Baird reissued a buy rating and issued a $230.00 target price on shares of Littelfuse in a report on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $211.25.
Littelfuse (NASDAQ:LFUS) opened at $212.66 on Friday. The stock has a market capitalization of $5,218.07, a price-to-earnings ratio of 40.97, a PEG ratio of 2.05 and a beta of 0.97. The company has a current ratio of 3.52, a quick ratio of 2.90 and a debt-to-equity ratio of 0.53. Littelfuse has a 1-year low of $149.81 and a 1-year high of $226.33.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 22nd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, February 21st. Littelfuse’s dividend payout ratio is 28.52%.
In other Littelfuse news, VP Meenal Sethna sold 3,459 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $210.00, for a total value of $726,390.00. Following the transaction, the vice president now owns 12,693 shares of the company’s stock, valued at $2,665,530. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ian Highley sold 9,378 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $212.50, for a total value of $1,992,825.00. Following the completion of the transaction, the senior vice president now directly owns 4,121 shares in the company, valued at approximately $875,712.50. The disclosure for this sale can be found here. In the last three months, insiders sold 23,659 shares of company stock worth $4,975,622. 1.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Littelfuse by 3.4% in the fourth quarter. BlackRock Inc. now owns 2,388,492 shares of the technology company’s stock valued at $472,492,000 after acquiring an additional 78,797 shares during the period. Wells Fargo & Company MN increased its position in Littelfuse by 18.8% in the third quarter. Wells Fargo & Company MN now owns 704,892 shares of the technology company’s stock worth $138,074,000 after buying an additional 111,483 shares in the last quarter. Eagle Asset Management Inc. increased its position in Littelfuse by 15.9% in the third quarter. Eagle Asset Management Inc. now owns 472,595 shares of the technology company’s stock worth $92,378,000 after buying an additional 64,770 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Littelfuse by 31.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 471,038 shares of the technology company’s stock worth $92,267,000 after buying an additional 112,360 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in Littelfuse by 66.4% in the third quarter. Pictet Asset Management Ltd. now owns 431,838 shares of the technology company’s stock worth $84,588,000 after buying an additional 172,338 shares in the last quarter. 99.17% of the stock is currently owned by institutional investors.
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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