Littelfuse (NASDAQ:LFUS) Hits New 52-Week Low – Here’s Why

Shares of Littelfuse, Inc. (NASDAQ:LFUS) hit a new 52-week low during trading on Wednesday . The company traded as low as $142.10 and last traded at $148.36, with a volume of 3813 shares traded. The stock had previously closed at $149.72.

Analysts Set New Price Targets

LFUS has been the topic of several recent research reports. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Thursday. Finally, Robert W. Baird cut their target price on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Littelfuse presently has an average rating of “Moderate Buy” and a consensus price target of $285.00.

Littelfuse Stock Down 0.8 %

The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The firm’s 50-day simple moving average is $214.00 and its two-hundred day simple moving average is $234.97.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period in the previous year, the company posted $2.02 earnings per share. On average, sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 20th were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, February 20th. Littelfuse’s dividend payout ratio (DPR) is 62.22%.

Hedge Funds Weigh In On Littelfuse

Several hedge funds have recently added to or reduced their stakes in LFUS. FMR LLC boosted its stake in Littelfuse by 0.6% during the 3rd quarter. FMR LLC now owns 24,473 shares of the technology company’s stock worth $6,491,000 after acquiring an additional 137 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Littelfuse by 14.7% during the third quarter. BNP Paribas Financial Markets now owns 2,848 shares of the technology company’s stock worth $755,000 after purchasing an additional 366 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Littelfuse by 6.5% in the 3rd quarter. Captrust Financial Advisors now owns 1,488 shares of the technology company’s stock valued at $395,000 after buying an additional 91 shares during the period. HighTower Advisors LLC increased its position in shares of Littelfuse by 4.4% in the 3rd quarter. HighTower Advisors LLC now owns 3,158 shares of the technology company’s stock valued at $839,000 after buying an additional 134 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Littelfuse by 26.6% during the 3rd quarter. Quantinno Capital Management LP now owns 2,058 shares of the technology company’s stock worth $546,000 after buying an additional 433 shares during the period. Institutional investors and hedge funds 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.