LFUS has been the subject of a number of other reports. Cowen reiterated an outperform rating and issued a $200.00 price objective (down from $210.00) on shares of Littelfuse in a report on Thursday, August 1st. ValuEngine upgraded Littelfuse from a hold rating to a buy rating in a report on Tuesday, September 10th. Robert W. Baird cut Littelfuse from an outperform rating to a neutral rating and cut their price objective for the stock from $193.00 to $171.00 in a report on Thursday, August 1st. Zacks Investment Research cut Littelfuse from a hold rating to a sell rating in a report on Tuesday, July 16th. Finally, Barrington Research reiterated a hold rating on shares of Littelfuse in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $207.33.
Littelfuse stock opened at $183.10 on Thursday. Littelfuse has a 52 week low of $149.80 and a 52 week high of $225.70. The business has a 50-day simple moving average of $162.82 and a 200 day simple moving average of $177.26. The company has a quick ratio of 2.95, a current ratio of 3.90 and a debt-to-equity ratio of 0.46. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 2.43 and a beta of 1.09.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This is a boost from Littelfuse’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a yield of 1.05%. Littelfuse’s dividend payout ratio is currently 20.34%.
A number of hedge funds have recently modified their holdings of LFUS. Invesco Ltd. boosted its holdings in Littelfuse by 122.1% during the 2nd quarter. Invesco Ltd. now owns 731,795 shares of the technology company’s stock valued at $129,461,000 after acquiring an additional 402,242 shares during the period. Ceredex Value Advisors LLC purchased a new stake in Littelfuse during the 1st quarter valued at about $24,039,000. Nuveen Asset Management LLC purchased a new stake in Littelfuse during the 2nd quarter valued at about $22,865,000. Victory Capital Management Inc. boosted its holdings in Littelfuse by 20.9% during the 2nd quarter. Victory Capital Management Inc. now owns 666,347 shares of the technology company’s stock valued at $117,883,000 after acquiring an additional 115,250 shares during the period. Finally, Impax Asset Management Group plc boosted its holdings in Littelfuse by 68.7% during the 2nd quarter. Impax Asset Management Group plc now owns 205,643 shares of the technology company’s stock valued at $36,380,000 after acquiring an additional 83,757 shares during the period. Institutional investors own 99.73% of the company’s stock.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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