Littelfuse (NASDAQ:LFUS) Hits New 52-Week Low at $225.78

Littelfuse, Inc. (NASDAQ:LFUSGet Rating) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $225.78 and last traded at $226.45, with a volume of 269 shares. The stock had previously closed at $233.18.

A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Littelfuse from a “hold” rating to a “sell” rating in a research report on Tuesday. Robert W. Baird reduced their price target on Littelfuse from $325.00 to $307.00 in a research report on Thursday, February 3rd. Finally, StockNews.com assumed coverage on Littelfuse in a research report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $314.50.

The company has a market cap of $5.59 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 1.42 and a beta of 1.22. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.90 and a current ratio of 2.92. The firm has a fifty day moving average price of $246.26 and a 200 day moving average price of $278.68.

Littelfuse (NASDAQ:LFUSGet Rating) last released its quarterly earnings data on Tuesday, February 1st. The technology company reported $3.16 EPS for the quarter, beating the consensus estimate of $2.92 by $0.24. The company had revenue of $553.10 million during the quarter, compared to the consensus estimate of $523.84 million. Littelfuse had a return on equity of 18.48% and a net margin of 13.65%. The firm’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.23 EPS. On average, analysts expect that Littelfuse, Inc. will post 13.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 10th. Stockholders of record on Thursday, February 24th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Wednesday, February 23rd. Littelfuse’s payout ratio is presently 18.61%.

In other news, Director William P. Noglows sold 832 shares of the stock in a transaction that occurred on Tuesday, February 8th. The stock was sold at an average price of $256.31, for a total value of $213,249.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of LFUS. FMR LLC raised its stake in Littelfuse by 12,836.6% in the 1st quarter. FMR LLC now owns 26,520 shares of the technology company’s stock valued at $4,839,000 after acquiring an additional 26,315 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in Littelfuse by 8.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 25,995 shares of the technology company’s stock worth $4,743,000 after buying an additional 2,085 shares during the period. Morgan Stanley increased its position in Littelfuse by 70.6% during the 2nd quarter. Morgan Stanley now owns 51,302 shares of the technology company’s stock worth $13,071,000 after buying an additional 21,223 shares during the period. Bank of America Corp DE increased its position in Littelfuse by 7.4% during the 2nd quarter. Bank of America Corp DE now owns 206,568 shares of the technology company’s stock worth $52,631,000 after buying an additional 14,257 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Littelfuse by 19.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,233 shares of the technology company’s stock worth $883,000 after buying an additional 521 shares during the period. Institutional investors and hedge funds own 93.85% of the company’s stock.

About Littelfuse (NASDAQ:LFUS)

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.

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