Analysts Set Littelfuse, Inc. (NASDAQ:LFUS) PT at $252.25

Littelfuse, Inc. (NASDAQ:LFUS - Get Free Report) has received an average recommendation of "Hold" from the six brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $252.25.

A number of brokerages have recently commented on LFUS. Benchmark restated a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Wall Street Zen raised Littelfuse from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Robert W. Baird lifted their price target on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Baird R W lowered Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Oppenheimer lowered their price target on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st.

Insiders Place Their Bets

In other Littelfuse news, SVP Deepak Nayar sold 1,477 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the completion of the transaction, the senior vice president owned 5,975 shares of the company's stock, valued at approximately $1,180,062.50. The trade was a 19.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.50% of the company's stock.

Hedge Funds Weigh In On Littelfuse

A number of hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Littelfuse during the 4th quarter valued at about $131,579,000. Alyeska Investment Group L.P. purchased a new stake in shares of Littelfuse during the 1st quarter valued at about $43,574,000. Van Lanschot Kempen Investment Management N.V. increased its position in shares of Littelfuse by 39.9% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 618,215 shares of the technology company's stock valued at $121,628,000 after purchasing an additional 176,243 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Littelfuse during the 4th quarter valued at about $32,865,000. Finally, GAMMA Investing LLC increased its position in shares of Littelfuse by 60,177.7% during the 1st quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company's stock valued at $22,295,000 after purchasing an additional 113,134 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company's stock.

Littelfuse Trading Up 0.9%

NASDAQ:LFUS traded up $2.03 during trading hours on Friday, hitting $230.34. The company had a trading volume of 252,045 shares, compared to its average volume of 137,076. Littelfuse has a 52 week low of $142.10 and a 52 week high of $275.56. The company has a market capitalization of $5.69 billion, a PE ratio of 53.32, a price-to-earnings-growth ratio of 2.08 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.88 and a quick ratio of 2.75. The stock has a 50-day moving average price of $222.81 and a 200 day moving average price of $214.19.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $0.37. Littelfuse had a net margin of 4.89% and a return on equity of 9.00%. The firm had revenue of $554.31 million for the quarter, compared to analysts' expectations of $537.60 million. During the same quarter in the previous year, the business posted $1.76 EPS. The company's quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that Littelfuse will post 9.49 EPS for the current fiscal year.

About Littelfuse

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.