Littelfuse (NASDAQ:LFUS) Receives Hold Rating from Benchmark

Littelfuse (NASDAQ:LFUS - Get Free Report)'s stock had its "hold" rating restated by research analysts at Benchmark in a report issued on Wednesday,Benzinga reports.

Several other research firms also recently weighed in on LFUS. Oppenheimer reduced their price objective 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. 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 research note on Thursday, May 1st. Wall Street Zen cut shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $252.25.

Littelfuse Stock Performance

NASDAQ:LFUS traded up $1.39 during mid-day trading on Wednesday, hitting $208.79. The stock had a trading volume of 171,559 shares, compared to its average volume of 160,821. 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 company has a 50 day simple moving average of $186.54 and a 200-day simple moving average of $218.94. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 46.40, a P/E/G ratio of 2.24 and a beta of 1.38. Littelfuse has a 52 week low of $142.10 and a 52 week high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.37. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. The business had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same period in the previous year, the firm posted $1.76 earnings per share. The business's revenue was up 3.5% on a year-over-year basis. On average, research analysts expect that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 5,975 shares of the company's stock, valued at approximately $1,180,062.50. This represents a 19.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LFUS. Quent Capital LLC increased its stake in shares of Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company's stock valued at $29,000 after buying an additional 105 shares during the period. First Horizon Advisors Inc. increased 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 worth $25,000 after purchasing an additional 89 shares during the period. AlphaQuest LLC acquired a new stake in Littelfuse in the first quarter worth about $29,000. Geneos Wealth Management Inc. raised its holdings in Littelfuse by 181.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company's stock worth $38,000 after purchasing an additional 105 shares during the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in shares of Littelfuse in the 4th quarter valued at about $40,000. Institutional investors and hedge funds 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.