Littelfuse (NASDAQ:LFUS) Stock Rating Upgraded by StockNews.com

Littelfuse (NASDAQ:LFUS) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Other analysts have also recently issued research reports about the stock. Robert W. Baird upped their target price on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. TD Cowen boosted their price objective on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and raised their target price for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $278.75.

Littelfuse Stock Performance

Shares of LFUS opened at $260.02 on Wednesday. The company has a 50-day simple moving average of $257.45 and a two-hundred day simple moving average of $250.65. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42. The firm has a market capitalization of $6.44 billion, a PE ratio of 29.78, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28. Littelfuse has a one year low of $212.80 and a one year high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.22. The company had revenue of $558.49 million during the quarter, compared to analysts’ expectations of $540.35 million. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.12 EPS. On average, analysts anticipate that Littelfuse will post 8.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Matthew Cole sold 1,436 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the sale, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Littelfuse news, CEO David W. Heinzmann sold 300 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total transaction of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,328 shares of company stock valued at $4,437,986. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

Several institutional investors and hedge funds have recently added to or reduced their stakes in LFUS. Rise Advisors LLC purchased a new position in Littelfuse in the first quarter worth about $30,000. CWM LLC lifted its stake in shares of Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company’s stock worth $37,000 after purchasing an additional 115 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Littelfuse by 275.0% in the second quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock worth $42,000 after buying an additional 121 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Littelfuse during the first quarter valued at approximately $50,000. Finally, Covestor Ltd increased its holdings in Littelfuse by 28.5% during the first quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 96.14% of the company’s stock.

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.