Littelfuse (NASDAQ:LFUS) Hits New 52-Week Low – What’s Next?

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

Analysts Set New Price Targets

Several research firms have recently weighed in on LFUS. Robert W. Baird dropped their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Finally, Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Stock Performance

The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 32.23, a P/E/G 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. The firm has a fifty day simple moving average of $218.54 and a 200-day simple moving average of $236.86.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (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 quarter last year, the firm earned $2.02 EPS. Analysts forecast that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Littelfuse Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Thursday, February 20th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 1.93%. The ex-dividend date was Thursday, February 20th. Littelfuse’s dividend payout ratio is 62.22%.

Hedge Funds Weigh In On Littelfuse

Several large investors have recently bought and sold shares of LFUS. Rhumbline Advisers raised its position in shares of Littelfuse by 0.4% during the 1st quarter. Rhumbline Advisers now owns 69,630 shares of the technology company’s stock valued at $13,699,000 after acquiring an additional 308 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Littelfuse by 105.6% during the first quarter. Parallel Advisors LLC now owns 333 shares of the technology company’s stock worth $66,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC increased its holdings in Littelfuse by 60,177.7% in the first quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company’s stock valued at $22,295,000 after purchasing an additional 113,134 shares during the last quarter. Moody National Bank Trust Division lifted its stake in Littelfuse by 17.5% in the first quarter. Moody National Bank Trust Division now owns 5,343 shares of the technology company’s stock valued at $1,051,000 after buying an additional 796 shares during the period. Finally, Forum Financial Management LP bought a new position in Littelfuse during the fourth quarter worth about $222,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Company Profile

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.