Benchmark Reiterates Hold Rating for Littelfuse (NASDAQ:LFUS)

Littelfuse (NASDAQ:LFUS - Get Free Report)'s stock had its "hold" rating reissued by research analysts at Benchmark in a note issued to investors on Thursday, Benzinga reports.

Several other equities research analysts have also issued reports on LFUS. Jefferies Financial Group assumed coverage on shares of Littelfuse in a research note on Tuesday, April 9th. They set a "hold" rating and a $260.00 price target for the company. StockNews.com downgraded shares of Littelfuse from a "buy" rating to a "hold" rating in a report on Saturday, March 30th.

Littelfuse Stock Performance

Shares of LFUS stock traded up $5.48 during trading hours on Thursday, hitting $238.83. 168,552 shares of the company were exchanged, compared to its average volume of 146,915. The firm has a fifty day simple moving average of $234.76 and a 200 day simple moving average of $239.25. The company has a current ratio of 3.75, a quick ratio of 2.49 and a debt-to-equity ratio of 0.35. Littelfuse has a 52-week low of $212.80 and a 52-week high of $309.94. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 2.04 and a beta of 1.32.

Littelfuse (NASDAQ:LFUS - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.01. Littelfuse had a net margin of 9.58% and a return on equity of 10.27%. The company had revenue of $535.39 million during the quarter, compared to analyst estimates of $519.08 million. During the same quarter last year, the business posted $3.64 EPS. Littelfuse's quarterly revenue was down 12.2% compared to the same quarter last year. Research analysts predict that Littelfuse will post 9.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Littelfuse news, SVP Matthew Cole sold 916 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $248.18, for a total value of $227,332.88. Following the completion of the transaction, the senior vice president now directly owns 5,530 shares of the company's stock, valued at approximately $1,372,435.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Littelfuse news, SVP Matthew Cole sold 916 shares of the firm's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $248.18, for a total value of $227,332.88. Following the completion of the transaction, the senior vice president now directly owns 5,530 shares of the company's stock, valued at approximately $1,372,435.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Maggie Chu sold 1,522 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $240.74, for a total transaction of $366,406.28. Following the completion of the transaction, the senior vice president now directly owns 3,086 shares of the company's stock, valued at $742,923.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,370 shares of company stock valued at $1,064,413. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. VisionPoint Advisory Group LLC bought a new stake in shares of Littelfuse during the 3rd quarter worth $27,000. Rise Advisors LLC bought a new stake in shares of Littelfuse during the 1st quarter worth $30,000. SRS Capital Advisors Inc. lifted its holdings in shares of Littelfuse by 372.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 137 shares of the technology company's stock worth $37,000 after acquiring an additional 108 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Littelfuse during the 4th quarter worth $50,000. Finally, Assetmark Inc. lifted its holdings in shares of Littelfuse by 27.9% during the 3rd quarter. Assetmark Inc. now owns 367 shares of the technology company's stock worth $91,000 after acquiring an additional 80 shares during the last quarter. 96.14% of the stock is 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.