Littelfuse’s (LFUS) “Hold” Rating Reaffirmed at Benchmark

Littelfuse (NASDAQ:LFUS)‘s stock had its “hold” rating reiterated by research analysts at Benchmark in a report released on Wednesday,Benzinga reports.

Several other equities analysts have also recently issued reports on LFUS. Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price target on the stock in a report on Thursday, October 17th. StockNews.com raised shares of Littelfuse from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Stock Performance

NASDAQ:LFUS opened at $243.16 on Wednesday. The company has a current ratio of 3.55, a quick ratio of 2.52 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $6.04 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. The firm has a 50 day moving average of $239.64 and a 200-day moving average of $250.60. Littelfuse has a 1 year low of $222.73 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. During the same quarter in the prior year, the business posted $2.02 EPS. As a group, sell-side analysts anticipate that Littelfuse will post 8.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $249.02, for a total transaction of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares in the company, valued at $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Littelfuse

Several hedge funds have recently bought and sold shares of LFUS. Verition Fund Management LLC acquired a new position in shares of Littelfuse in the third quarter valued at approximately $14,480,000. Jennison Associates LLC lifted its stake in Littelfuse by 38.4% in the 3rd quarter. Jennison Associates LLC now owns 181,141 shares of the technology company’s stock valued at $48,048,000 after acquiring an additional 50,304 shares in the last quarter. Harvey Partners LLC boosted its position in Littelfuse by 39.5% during the 3rd quarter. Harvey Partners LLC now owns 132,500 shares of the technology company’s stock worth $35,146,000 after acquiring an additional 37,500 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Littelfuse by 26.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 129,836 shares of the technology company’s stock worth $30,473,000 after acquiring an additional 26,975 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Littelfuse by 3.4% in the third quarter. State Street Corp now owns 747,082 shares of the technology company’s stock valued at $198,164,000 after purchasing an additional 24,571 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.