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

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

LFUS has been the subject of a number of other reports. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price for the company in a research note on Thursday, October 17th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Finally, Robert W. Baird decreased their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Stock Up 0.9 %

NASDAQ:LFUS opened at $233.20 on Tuesday. 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 stock has a 50 day moving average of $238.64 and a 200-day moving average of $249.50. The firm has a market capitalization of $5.79 billion, a PE ratio of 51.82, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26. Littelfuse has a 52 week low of $222.73 and a 52 week high of $275.58.

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

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the sale, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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. State Street Corp lifted its position in shares of Littelfuse by 3.4% during the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company’s stock valued at $198,164,000 after acquiring an additional 24,571 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Littelfuse by 2.0% during the third quarter. Victory Capital Management Inc. now owns 511,623 shares of the technology company’s stock worth $135,708,000 after purchasing an additional 10,119 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Littelfuse by 0.4% during the third quarter. Geode Capital Management LLC now owns 431,956 shares of the technology company’s stock valued at $114,607,000 after purchasing an additional 1,525 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Littelfuse by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 303,947 shares of the technology company’s stock valued at $80,622,000 after purchasing an additional 8,195 shares during the period. Finally, Boston Trust Walden Corp increased its stake in Littelfuse by 0.6% in the 3rd quarter. Boston Trust Walden Corp now owns 297,260 shares of the technology company’s stock worth $78,848,000 after purchasing an additional 1,819 shares in the last quarter. 96.14% of the stock is 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.