Littelfuse (NASDAQ:LFUS) Upgraded to “Buy” by BidaskClub – Dakota Financial News

admin

BidaskClub upgraded shares of Littelfuse (NASDAQ:LFUS) from a hold rating to a buy rating in a report released on Saturday, BidAskClub reports. LFUS has been the subject of several other reports.ValuEngine lowered shares of Littelfuse from a buy rating to a hold rating in a research report on Wednesday, April 15th.Robert W.Baird lifted their target…

imageBidaskClub upgraded shares of Littelfuse (NASDAQ:LFUS) from a hold rating to a buy rating in a report released on Saturday, BidAskClub reports.
LFUS has been the subject of several other reports.ValuEngine lowered shares of Littelfuse from a buy rating to a hold rating in a research report on Wednesday, April 15th.Robert W.Baird lifted their target price on shares of Littelfuse from $152.00 to $155.00 and gave the company an outperform rating in a research report on Monday, May 18th.Stifel Nicolaus lifted their target price on shares of Littelfuse from $135.00 to $140.00 and gave the company a hold rating in a research report on Thursday, April 30th.

Loop Capital began coverage on shares of Littelfuse in a report on Monday, April 20th.They issued a hold rating for the company.

Finally, Zacks Investment Research lowered shares of Littelfuse from a hold rating to a sell rating in a report on Wednesday, April 8th.

Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company.The company has a consensus rating of Hold and an average target price of $188.83.
Shares of NASDAQ:LFUS opened at $179.90 on Friday.Littelfuse has a 12 month low of $103.63 and a 12 month high of $196.00.The stock has a market cap of $4.42 billion, a P/E ratio of 35.21, a P/E/G ratio of 4.01 and a beta of 1.13.

The company has a current ratio of 5.25, a quick ratio of 4.16 and a debt-to-equity ratio of 0.53.The company has a 50 day moving average of $151.21 and a 200 day moving average of $164.69.
Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, April 29th.The technology company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.35.Littelfuse had a net margin of 8.77% and a return on equity of 10.22%.

The business had revenue of $346.10 million during the quarter, compared to analyst estimates of $325.45 million.On average, equities analysts forecast that Littelfuse will post 3.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th.Stockholders of record on Thursday, May 21st were issued a $0.48 dividend.The ex-dividend date of this dividend was Wednesday, May 20th.This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.07%.

Littelfuse’s payout ratio is 28.15%.
In related news, SVP Deepak Nayar sold 809 shares of the company’s stock in a transaction on Monday, May 4th.The shares were sold at an average price of $145.00, for a total transaction of $117,305.00.Following the completion of the sale, the senior vice president now directly owns 8,901 shares in the company, valued at approximately $1,290,645.

The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .

Insiders own 3.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock.Morgan Stanley raised its holdings in Littelfuse by 169.2% during the 1st quarter.Morgan Stanley now owns 47,876 shares of the technology company’s stock valued at $6,388,000 after buying an additional 30,090 shares during the last quarter.The Manufacturers Life Insurance Company raised its holdings in Littelfuse by 2.0% during the 1st quarter.The Manufacturers Life Insurance Company now owns 34,886 shares of the technology company’s stock valued at $4,654,000 after buying an additional 700 shares during the last quarter.

FDx Advisors Inc.bought a new stake in Littelfuse during the 1st quarter valued at $91,000.Johnson Investment Counsel Inc.bought a new stake in Littelfuse during the 1st quarter valued at $852,000.Finally, Grandeur Peak Global Advisors LLC raised its holdings in Littelfuse by 29.3% during the 1st quarter.

Grandeur Peak Global Advisors LLC now owns 31,675 shares of the technology company’s stock valued at $4,226,000 after buying an additional 7,175 shares during the last quarter.Institutional investors own 95.17% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide.The company’s Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and 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.
See Also: What is required to own or exchange cryptocurrency?.

Leave a Reply

Next Post

Mystery Account ‘Rescues’ $6M of STEEM From Hard Fork Seizure

As a part of the long-running Steem drama, the Steem (STEEM) community skilled every other fork lately.In particular designed to take on “consistent assault from malicious accounts,” the brand new laborious fork doesn’t seem to have been fully a hit.Code named “New Steem” the laborious fork zero.23 had two number one targets.The primary was once…
Mystery Account ‘Rescues’ $6M of STEEM From Hard Fork Seizure

Subscribe US Now