StockNews.com Downgrades Littelfuse (NASDAQ:LFUS) to Hold

Littelfuse (NASDAQ:LFUS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other research analysts also recently issued reports on LFUS. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Robert W. Baird decreased their price target on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Trading Down 2.2 %

LFUS stock opened at $204.82 on Tuesday. 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 company has a market capitalization of $5.08 billion, a PE ratio of 45.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. Littelfuse has a 52 week low of $204.37 and a 52 week high of $275.58. The company’s 50-day simple moving average is $234.44 and its 200 day simple moving average is $245.74.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 firm posted $2.02 earnings per share. As a group, sell-side analysts anticipate that Littelfuse will post 9.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LFUS. Huntington National Bank raised its position in Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after purchasing an additional 64 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Littelfuse during the 3rd quarter valued at about $27,000. Quent Capital LLC raised its holdings in shares of Littelfuse by 525.0% during the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after buying an additional 105 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after buying an additional 105 shares during the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in Littelfuse in the fourth quarter worth approximately $40,000. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

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.