Littelfuse (NASDAQ:LFUS) Price Target Raised to $194.00 at Robert W. Baird

Littelfuse (NASDAQ:LFUS) had its price objective boosted by Robert W. Baird from $182.00 to $194.00 in a research note issued to investors on Thursday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the technology company’s stock.

Several other research analysts also recently weighed in on LFUS. Benchmark restated a “hold” rating on shares of Littelfuse in a research note on Wednesday. StockNews.com lowered Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, Baird R W lowered shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $252.25.

Littelfuse Stock Up 3.5 %

Shares of NASDAQ LFUS opened at $188.68 on Thursday. The stock has a market capitalization of $4.66 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. Littelfuse has a 12-month low of $142.10 and a 12-month high of $275.58. The stock’s fifty day simple moving average is $190.87 and its two-hundred day simple moving average is $225.51.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.37. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same period in the previous year, the company posted $1.76 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. As a group, analysts expect that Littelfuse will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, May 22nd. Littelfuse’s dividend payout ratio (DPR) is 64.81%.

Hedge Funds Weigh In On Littelfuse

A number of institutional investors have recently bought and sold shares of LFUS. Quent Capital LLC increased its stake in shares of Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after acquiring an additional 105 shares during the period. First Horizon Advisors Inc. grew its position in Littelfuse by 228.2% during the 1st quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company’s stock worth $25,000 after purchasing an additional 89 shares during the period. Geneos Wealth Management Inc. raised its stake in shares of Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after buying an additional 105 shares during the last quarter. Bank of Jackson Hole Trust acquired a new position in shares of Littelfuse in the 4th quarter valued at about $40,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Littelfuse by 548.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company’s stock worth $44,000 after buying an additional 159 shares during the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

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.