Littelfuse (NASDAQ:LFUS) Stock Rating Lowered by Baird R W

Littelfuse (NASDAQ:LFUS - Get Free Report) was downgraded by analysts at Baird R W from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Thursday, April 10th. StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Robert W. Baird restated a "neutral" rating and issued a $182.00 price objective (down from $225.00) on shares of Littelfuse in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Littelfuse has an average rating of "Hold" and an average target price of $258.00.

Littelfuse Stock Performance

Littelfuse stock traded down $1.70 during trading hours on Tuesday, hitting $152.19. The company had a trading volume of 44,213 shares, compared to its average volume of 147,460. Littelfuse has a one year low of $142.10 and a one year high of $275.58. The firm has a market cap of $3.76 billion, a PE ratio of 33.82, a PEG ratio of 2.24 and a beta of 1.30. The firm has a 50-day moving average of $204.50 and a 200 day moving average of $230.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting analysts' consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same quarter last year, the company earned $2.02 EPS. On average, sell-side analysts expect that Littelfuse will post 9.49 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Atria Wealth Solutions Inc. raised its stake in Littelfuse by 5.5% during the 4th 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. Arizona State Retirement System lifted its stake in shares of Littelfuse by 0.7% in the fourth quarter. Arizona State Retirement System now owns 7,188 shares of the technology company's stock valued at $1,694,000 after buying an additional 51 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Littelfuse by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 10,733 shares of the technology company's stock valued at $2,529,000 after buying an additional 70 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Littelfuse by 30.5% during the first quarter. Fifth Third Bancorp now owns 325 shares of the technology company's stock worth $64,000 after acquiring an additional 76 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in shares of Littelfuse by 11.4% in the 4th quarter. Assetmark Inc. now owns 801 shares of the technology company's stock worth $189,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company's stock.

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.