Littelfuse (NASDAQ:LFUS - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.
A number of other research analysts also recently commented on LFUS. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Oppenheimer reduced their price target on Littelfuse from $310.00 to $275.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Benchmark reissued a "hold" rating on shares of Littelfuse in a report on Wednesday, May 28th. Finally, Robert W. Baird upped their price target on shares of Littelfuse from $182.00 to $194.00 and gave the company a "neutral" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $252.25.
Check Out Our Latest Stock Report on LFUS
Littelfuse Price Performance
Littelfuse stock traded up $3.51 during mid-day trading on Friday, hitting $217.69. The stock had a trading volume of 102,011 shares, compared to its average volume of 163,072. The firm has a market capitalization of $5.38 billion, a P/E ratio of 48.38, a P/E/G ratio of 2.24 and a beta of 1.38. 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's 50 day moving average is $187.32 and its 200 day moving average is $217.53. Littelfuse has a one year low of $142.10 and a one year high of $275.58.
Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 EPS for the quarter, beating the consensus estimate of $1.82 by $0.37. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same quarter in the prior year, the firm earned $1.76 EPS. The business's revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Littelfuse will post 9.49 earnings per share for the current fiscal year.
Insider Activity at Littelfuse
In related news, SVP Deepak Nayar sold 1,477 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total value of $291,707.50. Following the transaction, the senior vice president now owns 5,975 shares of the company's stock, valued at $1,180,062.50. This represents a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of LFUS. First Horizon Advisors Inc. increased its stake in Littelfuse by 228.2% in the first quarter. First Horizon Advisors Inc. now owns 128 shares of the technology company's stock valued at $25,000 after purchasing an additional 89 shares during the period. Quent Capital LLC increased its stake in shares of Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company's stock worth $29,000 after acquiring an additional 105 shares during the period. AlphaQuest LLC acquired a new position in shares of Littelfuse during the first quarter worth about $29,000. Bank of Jackson Hole Trust acquired a new position in shares of Littelfuse during the fourth quarter worth about $40,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of Littelfuse by 548.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 188 shares of the technology company's stock worth $44,000 after acquiring an additional 159 shares during the period. 96.14% of the stock is currently owned by institutional investors and hedge funds.
About Littelfuse
(
Get Free Report)
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.
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