Littelfuse (NASDAQ:LFUS) Upgraded to “Buy” at StockNews.com

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

Several other research analysts have also weighed in on LFUS. Oppenheimer upgraded 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, October 17th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Robert W. Baird lowered their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Price Performance

Shares of Littelfuse stock opened at $239.72 on Wednesday. The business has a 50 day simple moving average of $237.85 and a two-hundred day simple moving average of $248.84. Littelfuse has a 12 month low of $222.73 and a 12 month high of $275.58. The stock has a market capitalization of $5.95 billion, a P/E ratio of 53.27, a PEG ratio of 2.05 and a beta of 1.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter in the previous year, the company earned $2.02 earnings per share. As a group, analysts predict that Littelfuse will post 9.49 EPS for the current fiscal year.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 3,105 shares in the company, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Zions Bancorporation N.A. raised its holdings in Littelfuse by 17.6% in the 4th quarter. Zions Bancorporation N.A. now owns 6,422 shares of the technology company’s stock valued at $1,513,000 after acquiring an additional 959 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Littelfuse in the 4th quarter valued at $308,000. Segall Bryant & Hamill LLC raised its holdings in Littelfuse by 17.1% in the 4th quarter. Segall Bryant & Hamill LLC now owns 195,266 shares of the technology company’s stock valued at $46,014,000 after acquiring an additional 28,458 shares during the last quarter. Summit Creek Advisors LLC raised its holdings in Littelfuse by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 54,222 shares of the technology company’s stock valued at $12,777,000 after acquiring an additional 167 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Littelfuse by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock valued at $661,508,000 after acquiring an additional 40,423 shares during the last quarter. 96.14% of the stock is currently 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.