Littelfuse, Inc. (LFUS) Short Interest Up 39.9% in August
Littelfuse, Inc. (NASDAQ:LFUS) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,067,758 shares, an increase of 39.9% from the August 15th total of 763,195 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average daily volume of 188,786 shares, the days-to-cover ratio is currently 5.7 days.
Shares of Littelfuse (LFUS) opened at 185.33 on Friday. The company’s 50 day moving average price is $181.93 and its 200-day moving average price is $167.78. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 29.17 and a beta of 0.97. Littelfuse has a 52 week low of $124.32 and a 52 week high of $188.60.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.10. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The firm had revenue of $313.36 million for the quarter, compared to analyst estimates of $312.97 million. During the same quarter last year, the company posted $1.44 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. Analysts anticipate that Littelfuse will post $7.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 24th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.80%. This is a positive change from Littelfuse’s previous quarterly dividend of $0.33. Littelfuse’s dividend payout ratio (DPR) is currently 23.34%.
LFUS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $193.00 target price for the company in a report on Friday, July 14th. Robert W. Baird reiterated a “buy” rating and issued a $202.00 target price on shares of Littelfuse in a report on Tuesday, September 5th. BidaskClub upgraded Littelfuse from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $175.00 target price (up previously from $165.00) on shares of Littelfuse in a report on Friday, July 21st. Finally, Oppenheimer Holdings, Inc. lifted their target price on Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Littelfuse presently has a consensus rating of “Hold” and a consensus target price of $189.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its holdings in shares of Littelfuse by 15.1% during the second quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after buying an additional 85 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Littelfuse by 16.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock worth $112,000 after buying an additional 95 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Littelfuse by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock worth $149,000 after buying an additional 72 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Littelfuse by 4.6% during the second quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock worth $187,000 after buying an additional 54 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Littelfuse by 63.6% during the second quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock worth $194,000 after buying an additional 458 shares during the last quarter. 96.89% of the stock is currently owned by hedge funds and other institutional investors.
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Littelfuse Company Profile
Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.
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