Littelfuse (NASDAQ:LFUS - Get Free Report)'s stock had its "hold" rating reissued by investment analysts at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports.
Several other analysts have also weighed in on LFUS. StockNews.com lowered shares of Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Robert W. Baird reiterated a "neutral" rating and issued a $182.00 price objective (down from $225.00) on shares of Littelfuse in a research note on Tuesday, April 15th. Finally, Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. 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, the company has an average rating of "Hold" and a consensus target price of $252.25.
Get Our Latest Stock Report on LFUS
Littelfuse Stock Up 1.7 %
Shares of NASDAQ LFUS traded up $3.37 during mid-day trading on Wednesday, reaching $196.17. The company had a trading volume of 70,666 shares, compared to its average volume of 156,064. The stock has a fifty day moving average of $189.90 and a two-hundred day moving average of $224.58. Littelfuse has a 12-month low of $142.10 and a 12-month high of $275.58. The company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 2.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.
Littelfuse (NASDAQ:LFUS - Get Free Report) last announced 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 analyst estimates of $537.60 million. During the same period last year, the company earned $1.76 earnings per share. Littelfuse's quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Littelfuse will post 9.49 EPS for the current year.
Hedge Funds Weigh In On Littelfuse
Several institutional investors have recently bought and sold shares of LFUS. Tributary Capital Management LLC raised its holdings in shares of Littelfuse by 3.7% in the first quarter. Tributary Capital Management LLC now owns 5,857 shares of the technology company's stock valued at $1,152,000 after buying an additional 210 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in Littelfuse by 7.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 210,030 shares of the technology company's stock valued at $41,321,000 after acquiring an additional 14,764 shares in the last quarter. Tectonic Advisors LLC raised its stake in shares of Littelfuse by 9.9% in the first quarter. Tectonic Advisors LLC now owns 2,024 shares of the technology company's stock worth $398,000 after acquiring an additional 183 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Littelfuse by 0.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 140,551 shares of the technology company's stock worth $27,652,000 after purchasing an additional 550 shares in the last quarter. Finally, MQS Management LLC bought a new stake in shares of Littelfuse during the first quarter valued at approximately $341,000. Institutional investors own 96.14% of the company's stock.
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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