Littelfuse (LFUS) Downgraded to Buy at BidaskClub

BidaskClub lowered shares of Littelfuse (NASDAQ:LFUS) from a strong-buy rating to a buy rating in a report issued on Wednesday morning.

LFUS has been the topic of a number of other research reports. Zacks Investment Research raised Littelfuse from a hold rating to a buy rating and set a $233.00 price target on the stock in a report on Wednesday, March 7th. ValuEngine raised Littelfuse from a hold rating to a buy rating in a report on Thursday, March 1st. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Littelfuse currently has a consensus rating of Buy and a consensus target price of $212.00.

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NASDAQ:LFUS opened at $208.18 on Wednesday. The company has a market cap of $5,182.64, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.03 and a beta of 0.99. 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 twelve month low of $149.81 and a twelve month high of $226.33.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.13. The company had revenue of $304.85 million for the quarter, compared to analysts’ expectations of $299.88 million. Littelfuse had a return on equity of 19.65% and a net margin of 9.78%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 earnings per share. analysts anticipate that Littelfuse will post 8.53 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Thursday, February 22nd were issued a dividend of $0.37 per share. The ex-dividend date was Wednesday, February 21st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.71%. Littelfuse’s dividend payout ratio (DPR) is presently 19.12%.

In related news, Director T J. Chung sold 4,854 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $207.76, for a total transaction of $1,008,467.04. Following the sale, the director now owns 20,193 shares of the company’s stock, valued at $4,195,297.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gordon Hunter sold 12,873 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $221.13, for a total value of $2,846,606.49. Following the sale, the director now directly owns 34,176 shares in the company, valued at approximately $7,557,338.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,289 shares of company stock worth $15,271,800. Corporate insiders own 3.80% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Littelfuse by 3.4% during the fourth quarter. BlackRock Inc. now owns 2,388,492 shares of the technology company’s stock worth $472,492,000 after purchasing an additional 78,797 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Littelfuse by 18.8% during the third quarter. Wells Fargo & Company MN now owns 704,892 shares of the technology company’s stock worth $138,074,000 after purchasing an additional 111,483 shares in the last quarter. TimesSquare Capital Management LLC raised its holdings in Littelfuse by 67.8% during the fourth quarter. TimesSquare Capital Management LLC now owns 369,205 shares of the technology company’s stock worth $73,036,000 after purchasing an additional 149,200 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in Littelfuse by 139.6% during the fourth quarter. OppenheimerFunds Inc. now owns 351,587 shares of the technology company’s stock worth $69,550,000 after purchasing an additional 204,842 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its holdings in Littelfuse by 60.3% during the fourth quarter. Westwood Holdings Group Inc. now owns 332,568 shares of the technology company’s stock worth $65,788,000 after purchasing an additional 125,145 shares in the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

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About Littelfuse

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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