Littelfuse (NASDAQ:LFUS) Downgraded to Hold Rating by StockNews.com

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

A number of other brokerages have also weighed in on LFUS. Robert W. Baird cut their target price on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Finally, Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Littelfuse presently has a consensus rating of “Moderate Buy” and a consensus price target of $280.00.

Littelfuse Trading Down 0.3 %

LFUS traded down $0.61 during midday trading on Tuesday, reaching $231.05. 186,875 shares of the company’s stock traded hands, compared to its average volume of 160,435. Littelfuse has a 52 week low of $222.73 and a 52 week high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. The firm has a fifty day moving average of $238.89 and a two-hundred day moving average of $249.61. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 51.34, a P/E/G ratio of 2.09 and a beta of 1.26.

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 prior year, the firm earned $2.02 earnings per share. On average, equities analysts anticipate that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Insider Transactions at Littelfuse

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 value of $174,314.00. Following the completion of the transaction, the chief accounting officer now owns 3,105 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Institutional Trading of Littelfuse

A number of institutional investors and hedge funds have recently bought and sold shares of LFUS. Squarepoint Ops LLC increased its position in shares of Littelfuse by 41.4% during the second quarter. Squarepoint Ops LLC now owns 2,252 shares of the technology company’s stock valued at $576,000 after acquiring an additional 659 shares in the last quarter. Creative Planning increased its holdings in shares of Littelfuse by 30.3% in the 2nd quarter. Creative Planning now owns 2,702 shares of the technology company’s stock worth $691,000 after purchasing an additional 628 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Littelfuse in the second quarter worth $981,000. SG Americas Securities LLC lifted its holdings in shares of Littelfuse by 24.8% during the third quarter. SG Americas Securities LLC now owns 5,881 shares of the technology company’s stock valued at $1,560,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Littelfuse by 37.5% during the third quarter. Handelsbanken Fonder AB now owns 4,765 shares of the technology company’s stock valued at $1,264,000 after buying an additional 1,300 shares during the last quarter. 96.14% of the stock is currently owned by 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.