Benchmark Reiterates Hold Rating for Littelfuse (NASDAQ:LFUS)

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

A number of other equities research analysts also recently weighed in on the company. Robert W. Baird lifted their target price on Littelfuse from $182.00 to $194.00 and gave the stock a "neutral" rating in a research report on Thursday, May 1st. Wall Street Zen downgraded Littelfuse from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Oppenheimer cut their target price on Littelfuse from $310.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $252.25.

Littelfuse Stock Performance

LFUS stock traded down $3.43 during midday trading on Wednesday, hitting $205.36. 169,493 shares of the company traded hands, compared to its average volume of 161,372. Littelfuse has a twelve month low of $142.10 and a twelve month high of $275.58. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 45.64, a price-to-earnings-growth ratio of 2.24 and a beta of 1.38. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. The business has a 50 day simple moving average of $186.32 and a 200-day simple moving average of $218.38.

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, topping the consensus estimate of $1.82 by $0.37. The firm had revenue of $554.31 million for the quarter, compared to the consensus estimate of $537.60 million. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The business's quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. As a group, equities research analysts predict that Littelfuse will post 9.49 earnings per share for the current year.

Insider Transactions at Littelfuse

In other news, SVP Deepak Nayar sold 1,477 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $197.50, for a total transaction of $291,707.50. Following the completion of the sale, the senior vice president now owns 5,975 shares in the company, valued at $1,180,062.50. The trade was a 19.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 2.50% of the company's stock.

Institutional Trading of Littelfuse

A number of hedge funds have recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Littelfuse by 52.7% in the third quarter. Barclays PLC now owns 11,448 shares of the technology company's stock worth $3,037,000 after acquiring an additional 3,949 shares in the last quarter. Geneos Wealth Management Inc. increased its stake 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 in the last quarter. KBC Group NV raised its holdings in Littelfuse by 52.0% during the 4th quarter. KBC Group NV now owns 1,111 shares of the technology company's stock worth $262,000 after buying an additional 380 shares during the period. Trust Point Inc. raised its holdings in Littelfuse by 214.6% during the 4th quarter. Trust Point Inc. now owns 3,171 shares of the technology company's stock worth $747,000 after buying an additional 2,163 shares during the period. Finally, Tectonic Advisors LLC lifted its stake in Littelfuse by 12.4% in the fourth quarter. Tectonic Advisors LLC now owns 1,841 shares of the technology company's stock valued at $434,000 after buying an additional 203 shares in the last quarter. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.