Littelfuse (NASDAQ:LFUS) Downgraded to "Hold" Rating by Wall Street Zen

Littelfuse (NASDAQ:LFUS - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.

Other analysts also recently issued research reports about the stock. Robert W. Baird upped their price target on shares of Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a report on Thursday, May 1st. Baird R W downgraded shares of Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Oppenheimer cut their price target on shares of Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Finally, Benchmark restated a "hold" rating on shares of Littelfuse in a research report on Wednesday, May 28th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Littelfuse currently has an average rating of "Hold" and an average price target of $252.25.

Littelfuse Price Performance

Littelfuse stock traded up $5.00 during mid-day trading on Friday, reaching $222.69. 172,673 shares of the company were exchanged, compared to its average volume of 163,355. The company has a fifty day simple moving average of $187.84 and a 200-day simple moving average of $217.09. Littelfuse has a 12 month low of $142.10 and a 12 month 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 market cap of $5.50 billion, a PE ratio of 49.49, a PEG ratio of 2.24 and a beta of 1.38.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.37. The firm had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The company's revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 EPS. As a group, equities research analysts expect 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 that occurred on Monday, May 5th. The shares were 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 now owns 5,975 shares of the company's stock, valued at $1,180,062.50. This represents a 19.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Littelfuse

Large investors have recently bought and sold shares of the company. First Horizon Advisors Inc. raised its position 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 last quarter. Quent Capital LLC raised 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 valued at $29,000 after acquiring an additional 105 shares during the last quarter. AlphaQuest LLC bought a new position in shares of Littelfuse during the first quarter valued at $29,000. Bank of Jackson Hole Trust bought a new position in shares of Littelfuse during the fourth quarter valued at $40,000. Finally, Smartleaf Asset Management LLC raised 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 valued at $44,000 after acquiring an additional 159 shares during the last quarter. 96.14% of the stock is currently owned by institutional investors.

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.