Littelfuse (NASDAQ:LFUS) Stock Rating Upgraded by StockNews.com

Littelfuse (NASDAQ:LFUS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Other research analysts have also issued research reports about the company. TD Cowen lifted their price target on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Robert W. Baird boosted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Oppenheimer raised Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research report on Thursday. Finally, Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $270.00 to $280.00 in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Littelfuse currently has an average rating of “Moderate Buy” and a consensus price target of $285.00.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $262.24 on Friday. Littelfuse has a twelve month low of $212.80 and a twelve month high of $275.58. The company’s 50 day moving average is $258.79 and its 200 day moving average is $253.39. The company has a current ratio of 3.50, a quick ratio of 2.42 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.50 billion, a PE ratio of 30.04, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The business had revenue of $558.49 million for the quarter, compared to analysts’ expectations of $540.35 million. During the same quarter last year, the company earned $3.12 EPS. The business’s revenue was down 8.7% on a year-over-year basis. On average, sell-side analysts forecast that Littelfuse will post 8.18 EPS for the current year.

Insider Activity at Littelfuse

In other news, CEO David W. Heinzmann sold 3,786 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,340,423.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total value of $2,391,396.00. Following the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,369,057.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David W. Heinzmann sold 3,786 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $273.92, for a total transaction of $1,037,061.12. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,340,423.68. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,028 shares of company stock worth $4,356,035. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Littelfuse

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in Littelfuse during the first quarter valued at approximately $30,000. CWM LLC grew its position in Littelfuse by 410.7% in the second quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after acquiring an additional 115 shares in the last quarter. UMB Bank n.a. grew its position in Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after acquiring an additional 59 shares in the last quarter. GAMMA Investing LLC grew its position in Littelfuse by 275.0% in the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after acquiring an additional 121 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Littelfuse in the first quarter worth $50,000. 96.14% of the stock is currently owned by 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.