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

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

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

Littelfuse Trading Up 0.7 %

Shares of LFUS opened at $254.24 on Monday. Littelfuse has a fifty-two week low of $212.80 and a fifty-two 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. The company’s fifty day moving average is $258.09 and its 200 day moving average is $249.90. The stock has a market capitalization of $6.30 billion, a PE ratio of 29.12, a P/E/G ratio of 2.51 and a beta of 1.28.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. The firm had revenue of $558.49 million for the quarter, compared to the consensus estimate of $540.35 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The business’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.12 EPS. Sell-side analysts expect that Littelfuse will post 8.18 earnings per share for the current fiscal year.

Insider Transactions at Littelfuse

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

Institutional Trading of Littelfuse

Several institutional investors and hedge funds have recently made changes to their positions in LFUS. Sanctuary Advisors LLC purchased a new position in Littelfuse during the 2nd quarter valued at about $981,000. Creative Planning increased its holdings in Littelfuse by 30.3% during the second quarter. Creative Planning now owns 2,702 shares of the technology company’s stock valued at $691,000 after buying an additional 628 shares during the period. Algert Global LLC purchased a new position in Littelfuse during the second quarter valued at approximately $642,000. Earnest Partners LLC raised its stake in Littelfuse by 2.4% in the second quarter. Earnest Partners LLC now owns 444,654 shares of the technology company’s stock worth $113,649,000 after buying an additional 10,406 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Littelfuse by 86.6% during the second quarter. AQR Capital Management LLC now owns 19,617 shares of the technology company’s stock worth $5,014,000 after buying an additional 9,104 shares during the period. 96.14% of the stock is currently 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.