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

Littelfuse (NASDAQ:LFUS - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.

LFUS has been the subject of several other reports. Robert W. Baird dropped their price target on Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Benchmark reissued 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $280.00.

Littelfuse Stock Performance

LFUS traded down $9.06 during midday trading on Thursday, reaching $200.97. The company had a trading volume of 123,749 shares, compared to its average volume of 130,067. The business has a 50-day moving average of $228.63 and a two-hundred day moving average of $241.51. 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 1 year low of $199.70 and a 1 year high of $275.58. The company has a market cap of $4.97 billion, a P/E ratio of 44.66, a P/E/G ratio of 2.24 and a beta of 1.27.

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Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting analysts' consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the previous year, the business posted $2.02 EPS. As a group, equities research analysts predict that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in LFUS. Vanguard Group Inc. boosted its holdings in shares of Littelfuse by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company's stock worth $661,508,000 after purchasing an additional 40,423 shares during the period. Neuberger Berman Group LLC increased its position in Littelfuse by 1.2% during the fourth quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company's stock valued at $246,732,000 after acquiring an additional 11,958 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Littelfuse by 7.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company's stock valued at $179,895,000 after acquiring an additional 55,835 shares during the period. State Street Corp boosted its stake in shares of Littelfuse by 3.4% during the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company's stock worth $198,164,000 after purchasing an additional 24,571 shares during the period. Finally, Norges Bank bought a new position in Littelfuse during the 4th quarter valued at about $131,579,000. 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.