Littelfuse (NASDAQ:LFUS) Raised to Buy at StockNews.com

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

A number of other equities research analysts have also weighed in on the stock. Benchmark restated a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Robert W. Baird decreased their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Stock Down 2.4 %

LFUS opened at $234.36 on Wednesday. The business’s fifty day simple moving average is $237.94 and its 200 day simple moving average is $248.64. Littelfuse has a 52 week low of $222.73 and a 52 week high of $275.58. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The stock has a market cap of $5.82 billion, a PE ratio of 52.08, a P/E/G ratio of 2.24 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data 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 quarter last year, the firm posted $2.02 EPS. As a group, research analysts expect that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LFUS. Jane Street Group LLC grew its position in shares of Littelfuse by 126.9% in the 3rd quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock worth $3,029,000 after buying an additional 6,386 shares during the last quarter. Chesapeake Capital Corp IL purchased a new stake in Littelfuse in the third quarter worth $570,000. Thrivent Financial for Lutherans boosted its holdings in Littelfuse by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock valued at $73,781,000 after acquiring an additional 3,831 shares in the last quarter. New York State Common Retirement Fund increased its position in Littelfuse by 3.9% during the 3rd quarter. New York State Common Retirement Fund now owns 141,157 shares of the technology company’s stock valued at $37,442,000 after purchasing an additional 5,344 shares during the period. Finally, Jennison Associates LLC raised its holdings in Littelfuse by 38.4% in the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock worth $48,048,000 after purchasing an additional 50,304 shares in the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

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.