Littelfuse (NASDAQ:LFUS) Lowered to “Hold” Rating by StockNews.com

Littelfuse (NASDAQ:LFUS) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other equities analysts have also issued reports on the company. Robert W. Baird lowered their price target on Littelfuse from $300.00 to $290.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Trading Down 2.2 %

Shares of LFUS opened at $204.82 on Tuesday. The stock has a market capitalization of $5.08 billion, a P/E ratio of 45.52, a PEG ratio of 2.24 and a beta of 1.27. The firm has a fifty day simple moving average of $234.44 and a two-hundred day simple moving average of $245.74. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32. Littelfuse has a twelve month low of $204.37 and a twelve month high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period last year, the company posted $2.02 earnings per share. On average, research analysts anticipate that Littelfuse will post 9.49 EPS for the current year.

Hedge Funds Weigh In On Littelfuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC raised its position in Littelfuse by 126.9% during the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock valued at $3,029,000 after purchasing an additional 6,386 shares during the period. Chesapeake Capital Corp IL purchased a new stake in Littelfuse during the 3rd quarter valued at $570,000. Thrivent Financial for Lutherans lifted its position in Littelfuse by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock worth $73,781,000 after buying an additional 3,831 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Littelfuse by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock worth $73,649,000 after buying an additional 8,588 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after buying an additional 50 shares during the period. 96.14% of the stock is owned by institutional investors.

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.