BidaskClub upgraded shares of Littelfuse (NASDAQ:LFUS) from a hold rating to a buy rating in a report released on Tuesday.
Several other analysts also recently weighed in on the stock. ValuEngine upgraded shares of Littelfuse from a hold rating to a buy rating in a research report on Thursday, May 3rd. Barrington Research reiterated a hold rating on shares of Littelfuse in a research report on Tuesday, May 1st. Finally, Zacks Investment Research upgraded shares of Littelfuse from a hold rating to a buy rating and set a $236.00 price objective on the stock in a research report on Thursday, April 19th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $212.75.
Shares of NASDAQ:LFUS opened at $231.91 on Tuesday. The stock has a market capitalization of $5.80 billion, a P/E ratio of 27.60, a PEG ratio of 2.03 and a beta of 1.03. Littelfuse has a fifty-two week low of $160.40 and a fifty-two week high of $238.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.68 and a current ratio of 3.68.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 7th. Shareholders of record on Thursday, May 24th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Wednesday, May 23rd. This represents a $1.48 annualized dividend and a yield of 0.64%. Littelfuse’s payout ratio is 19.12%.
In other Littelfuse news, SVP Deepak Nayar sold 7,047 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $209.05, for a total transaction of $1,473,175.35. Following the transaction, the senior vice president now owns 7,881 shares of the company’s stock, valued at approximately $1,647,523.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michael P. Rutz sold 2,920 shares of the firm’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $233.39, for a total transaction of $681,498.80. Following the transaction, the senior vice president now directly owns 5,360 shares in the company, valued at approximately $1,250,970.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,771 shares of company stock worth $6,372,029. 3.80% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its stake in Littelfuse by 172.3% during the 4th quarter. Advisor Group Inc. now owns 4,649 shares of the technology company’s stock valued at $919,000 after buying an additional 2,942 shares during the period. Deutsche Bank AG increased its stake in Littelfuse by 58.5% during the 4th quarter. Deutsche Bank AG now owns 66,631 shares of the technology company’s stock valued at $13,178,000 after buying an additional 24,585 shares during the period. Swiss National Bank increased its stake in Littelfuse by 2.4% during the 4th quarter. Swiss National Bank now owns 38,700 shares of the technology company’s stock valued at $7,656,000 after buying an additional 900 shares during the period. Granite Springs Asset Management LLC acquired a new position in Littelfuse during the 4th quarter valued at about $1,167,000. Finally, Teachers Advisors LLC increased its stake in Littelfuse by 20.7% during the 4th quarter. Teachers Advisors LLC now owns 54,265 shares of the technology company’s stock valued at $10,735,000 after buying an additional 9,324 shares during the period. 98.09% of the stock is currently owned by hedge funds and other institutional investors.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as 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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