Littelfuse (NASDAQ:LFUS) Cut to “Hold” at StockNews.com

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

Other equities research analysts have also issued reports about the company. Robert W. Baird reduced their price objective on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $200.97 on Thursday. Littelfuse has a twelve month low of $199.70 and a twelve month high of $275.58. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $228.63 and a two-hundred day moving average of $241.53. The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 44.66, a PEG ratio of 2.24 and a beta of 1.27.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LFUS. Norges Bank purchased a new stake in Littelfuse in the 4th quarter worth about $131,579,000. Raymond James Financial Inc. purchased a new stake in shares of Littelfuse in the fourth quarter worth approximately $32,865,000. BLI Banque de Luxembourg Investments acquired a new stake in shares of Littelfuse during the fourth quarter worth approximately $16,250,000. Ameriprise Financial Inc. grew its position in Littelfuse by 119.4% during the fourth quarter. Ameriprise Financial Inc. now owns 116,940 shares of the technology company’s stock valued at $27,557,000 after purchasing an additional 63,632 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in Littelfuse by 7.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company’s stock valued at $179,895,000 after buying an additional 55,835 shares during the period. Hedge funds and other institutional investors 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.