Jefferies Financial Group Comments on Littelfuse, Inc.’s Q3 2023 Earnings (NASDAQ:LFUS)

Littelfuse, Inc. (NASDAQ:LFUSGet Rating) – Analysts at Jefferies Financial Group decreased their Q3 2023 earnings per share (EPS) estimates for shares of Littelfuse in a research report issued on Tuesday, November 22nd. Jefferies Financial Group analyst D. Kelley now forecasts that the technology company will earn $3.55 per share for the quarter, down from their prior estimate of $3.70. The consensus estimate for Littelfuse’s current full-year earnings is $16.77 per share. Jefferies Financial Group also issued estimates for Littelfuse’s FY2024 earnings at $15.65 EPS.

A number of other brokerages have also recently issued reports on LFUS. Robert W. Baird cut their target price on shares of Littelfuse from $272.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, September 16th. Cowen cut Littelfuse from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $295.00 to $225.00 in a report on Thursday, November 3rd. Cowen lowered shares of Littelfuse from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $295.00 to $225.00 in a research report on Thursday, November 3rd. StockNews.com began coverage on shares of Littelfuse in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Littelfuse from $270.00 to $216.00 and set a “hold” rating on the stock in a research report on Monday, October 10th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $241.20.

Littelfuse Stock Up 0.2 %

NASDAQ:LFUS opened at $244.44 on Thursday. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.21 and a beta of 1.22. Littelfuse has a one year low of $192.19 and a one year high of $326.82. The stock has a 50-day simple moving average of $215.32 and a 200 day simple moving average of $239.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.99 and a current ratio of 3.19.

Institutional Investors Weigh In On Littelfuse

Several institutional investors and hedge funds have recently modified their holdings of the business. Savant Capital LLC lifted its stake in shares of Littelfuse by 0.7% in the 2nd quarter. Savant Capital LLC now owns 5,863 shares of the technology company’s stock valued at $1,489,000 after purchasing an additional 40 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Littelfuse by 1.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,123 shares of the technology company’s stock valued at $539,000 after purchasing an additional 40 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Littelfuse by 6.7% in the 2nd quarter. Van ECK Associates Corp now owns 638 shares of the technology company’s stock valued at $162,000 after purchasing an additional 40 shares during the last quarter. Connable Office Inc. lifted its stake in shares of Littelfuse by 2.1% in the 2nd quarter. Connable Office Inc. now owns 1,986 shares of the technology company’s stock valued at $505,000 after purchasing an additional 41 shares during the last quarter. Finally, Brinker Capital Investments LLC lifted its stake in shares of Littelfuse by 0.9% in the 3rd quarter. Brinker Capital Investments LLC now owns 5,252 shares of the technology company’s stock valued at $1,044,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Matthew Cole sold 900 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $219.28, for a total transaction of $197,352.00. Following the transaction, the senior vice president now directly owns 5,174 shares in the company, valued at approximately $1,134,554.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, SVP Matthew Cole sold 900 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $219.28, for a total transaction of $197,352.00. Following the transaction, the senior vice president now directly owns 5,174 shares in the company, valued at approximately $1,134,554.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Jeffrey G. Gorski sold 300 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $236.14, for a total transaction of $70,842.00. Following the transaction, the chief accounting officer now owns 2,563 shares in the company, valued at $605,226.82. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Littelfuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 24th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, November 22nd. Littelfuse’s payout ratio is 18.07%.

About Littelfuse

(Get Rating)

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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Earnings History and Estimates for Littelfuse (NASDAQ:LFUS)

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