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

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

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

Littelfuse Stock Up 2.1 %

Shares of NASDAQ LFUS opened at $247.62 on Wednesday. Littelfuse has a 52 week low of $222.73 and a 52 week high of $275.58. The business has a 50-day simple moving average of $237.65 and a two-hundred day simple moving average of $248.65. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The company has a market cap of $6.14 billion, a P/E ratio of 55.03, a P/E/G ratio of 2.05 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS 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 in the prior year, the company posted $2.02 earnings per share. Research analysts anticipate that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Insider Activity at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s 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 directly owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. This trade represents a 18.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Littelfuse

A number of large investors have recently modified their holdings of LFUS. Pathstone Holdings LLC increased its stake in Littelfuse by 0.6% in the 3rd quarter. Pathstone Holdings LLC now owns 6,522 shares of the technology company’s stock worth $1,730,000 after purchasing an additional 40 shares during the period. Assetmark Inc. increased its stake in Littelfuse by 6.5% in the 3rd quarter. Assetmark Inc. now owns 719 shares of the technology company’s stock worth $191,000 after purchasing an additional 44 shares during the period. US Bancorp DE increased its stake in Littelfuse by 1.4% in the 3rd quarter. US Bancorp DE now owns 3,436 shares of the technology company’s stock worth $911,000 after purchasing an additional 49 shares during the period. Atria Wealth Solutions Inc. increased its stake in Littelfuse by 5.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after purchasing an additional 50 shares during the period. Finally, Arizona State Retirement System increased its stake in Littelfuse by 0.7% in the 4th quarter. Arizona State Retirement System now owns 7,188 shares of the technology company’s stock worth $1,694,000 after purchasing an additional 51 shares during the period. 96.14% of the stock is owned by hedge funds and other 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.