Littelfuse (NASDAQ:LFUS) Given Hold Rating at Benchmark

Benchmark restated their hold rating on shares of Littelfuse (NASDAQ:LFUS) in a research report released on Wednesday morning, Benzinga reports.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus upgraded Littelfuse from a “hold” rating to a “buy” rating and increased their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective on the stock in a research report on Thursday, October 17th. TD Cowen raised their target price on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Finally, StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $285.00.

Littelfuse Stock Performance

Littelfuse stock opened at $251.27 on Wednesday. The stock’s 50 day simple moving average is $259.00 and its two-hundred day simple moving average is $254.69. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 2.60 and a beta of 1.27. Littelfuse has a fifty-two week low of $213.01 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.63. The business had revenue of $567.39 million for the quarter, compared to analysts’ expectations of $557.38 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.97 EPS. As a group, analysts expect that Littelfuse will post 8.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Littelfuse news, SVP Matthew Cole sold 1,436 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares in the company, valued at $1,358,522.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company’s stock, valued at $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Cole sold 1,436 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now directly owns 5,522 shares of the company’s stock, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,242 shares of company stock worth $3,318,974. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Littelfuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in shares of Littelfuse by 399.7% during the second quarter. SG Americas Securities LLC now owns 4,712 shares of the technology company’s stock valued at $1,204,000 after acquiring an additional 3,769 shares during the period. Entropy Technologies LP grew its position in shares of Littelfuse by 407.9% during the 1st quarter. Entropy Technologies LP now owns 6,186 shares of the technology company’s stock worth $1,499,000 after buying an additional 4,968 shares during the period. Lord Abbett & CO. LLC grew its position in shares of Littelfuse by 88.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock valued at $40,278,000 after purchasing an additional 78,153 shares during the period. Vanguard Group Inc. grew its position in shares of Littelfuse by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,679,767 shares of the technology company’s stock valued at $649,442,000 after purchasing an additional 17,119 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Littelfuse by 27.3% in the 1st quarter. Nordea Investment Management AB now owns 215,944 shares of the technology company’s stock valued at $52,334,000 after purchasing an additional 46,361 shares during the period. Institutional investors and hedge funds 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.