Littelfuse’s (LFUS) Hold Rating Reiterated at Benchmark

Benchmark reaffirmed their hold rating on shares of Littelfuse (NASDAQ:LFUS) in a report issued on Thursday, Benzinga reports.

LFUS has been the topic of several other reports. StockNews.com lowered Littelfuse from a buy rating to a hold rating in a research report on Saturday, March 30th. Jefferies Financial Group assumed coverage on Littelfuse in a report on Tuesday, April 9th. They set a hold rating and a $260.00 target price on the stock.

Littelfuse Trading Up 3.6 %

Shares of NASDAQ LFUS traded up $8.57 during midday trading on Thursday, hitting $247.40. The stock had a trading volume of 219,599 shares, compared to its average volume of 139,770. The company has a fifty day moving average price of $234.88 and a 200 day moving average price of $239.37. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 28.34, a PEG ratio of 2.18 and a beta of 1.32. Littelfuse has a 1-year low of $212.80 and a 1-year high of $309.94. The company has a quick ratio of 2.49, a current ratio of 3.57 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.21%. The firm had revenue of $535.39 million for the quarter, compared to analysts’ expectations of $519.08 million. During the same period in the previous year, the company posted $3.64 earnings per share. Littelfuse’s revenue was down 12.2% compared to the same quarter last year. On average, analysts predict that Littelfuse will post 8.59 earnings per share for the current year.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 23rd will be issued a $0.65 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 1.05%. Littelfuse’s dividend payout ratio is currently 29.78%.

Insider Activity

In related news, EVP Ryan K. Stafford sold 1,932 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $243.62, for a total value of $470,673.84. Following the transaction, the executive vice president now owns 24,155 shares in the company, valued at $5,884,641.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Littelfuse news, EVP Ryan K. Stafford sold 1,932 shares of Littelfuse stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $243.62, for a total transaction of $470,673.84. Following the sale, the executive vice president now directly owns 24,155 shares in the company, valued at approximately $5,884,641.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Matthew Cole sold 916 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $248.18, for a total value of $227,332.88. Following the transaction, the senior vice president now owns 5,530 shares of the company’s stock, valued at $1,372,435.40. The disclosure for this sale can be found here. Insiders sold 4,370 shares of company stock worth $1,064,413 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

Hedge funds and other institutional investors have recently modified their holdings of the stock. VisionPoint Advisory Group LLC acquired a new position in Littelfuse in the third quarter worth about $27,000. Rise Advisors LLC bought a new position in Littelfuse during the 1st quarter worth approximately $30,000. SRS Capital Advisors Inc. grew its position in shares of Littelfuse by 372.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company’s stock worth $37,000 after acquiring an additional 108 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Littelfuse in the 4th quarter valued at approximately $50,000. Finally, Assetmark Inc. raised its position in shares of Littelfuse by 27.9% during the 3rd quarter. Assetmark Inc. now owns 367 shares of the technology company’s stock valued at $91,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

About Littelfuse

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.