Littelfuse, Inc. (NASDAQ:LFUS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Littelfuse, Inc. (NASDAQ:LFUS) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $285.00.

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Stifel Nicolaus raised Littelfuse from a “hold” rating to a “buy” rating and increased their price target for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. TD Cowen lifted their price objective on Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 target price on the stock in a report on Thursday, October 17th.

Insiders Place Their Bets

In other Littelfuse news, CEO David W. Heinzmann sold 2,091 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David W. Heinzmann sold 2,091 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David W. Heinzmann sold 8,715 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the sale, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,369,057.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,028 shares of company stock worth $4,356,035. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LFUS. Van Lanschot Kempen Investment Management N.V. bought a new stake in Littelfuse in the 2nd quarter valued at approximately $100,662,000. Westwood Holdings Group Inc. raised its holdings in shares of Littelfuse by 223.8% in the first quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company’s stock valued at $76,080,000 after purchasing an additional 216,985 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Littelfuse in the second quarter worth $46,037,000. Lord Abbett & CO. LLC boosted its holdings in Littelfuse by 88.8% during the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company’s stock worth $40,278,000 after purchasing an additional 78,153 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Littelfuse by 13.2% in the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company’s stock valued at $128,179,000 after purchasing an additional 58,529 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Stock Down 1.0 %

Shares of LFUS opened at $253.22 on Wednesday. The business’s fifty day moving average price is $259.27 and its two-hundred day moving average price is $254.24. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 29.01, a PEG ratio of 2.60 and a beta of 1.27. Littelfuse has a 52 week low of $212.80 and a 52 week high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.42 and a current ratio of 3.50.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. Littelfuse had a return on equity of 8.91% and a net margin of 8.71%. The firm had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. During the same period last year, the company earned $3.12 earnings per share. The company’s revenue was down 8.7% on a year-over-year basis. On average, analysts predict that Littelfuse will post 8.14 earnings per share for the current year.

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.