Littelfuse (NASDAQ:LFUS) Upgraded to "Buy" at StockNews.com

Littelfuse (NASDAQ:LFUS - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.

Other equities research analysts also recently issued reports about the stock. Benchmark reiterated a "hold" rating on shares of Littelfuse in a report on Wednesday, January 29th. Robert W. Baird lowered their target price on shares of Littelfuse from $300.00 to $290.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $280.00.

Littelfuse Price Performance

Shares of LFUS traded down $1.56 during mid-day trading on Wednesday, reaching $209.79. 349,201 shares of the company's stock were exchanged, compared to its average volume of 127,166. 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 52-week low of $201.97 and a 52-week high of $275.58. The company has a market cap of $5.18 billion, a price-to-earnings ratio of 46.62, a PEG ratio of 2.24 and a beta of 1.27. The company has a 50-day simple moving average of $230.69 and a two-hundred day simple moving average of $243.03.

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Littelfuse (NASDAQ:LFUS - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share 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 quarter in the prior year, the business earned $2.02 earnings per share. On average, sell-side analysts predict that Littelfuse will post 9.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. KBC Group NV increased its stake in Littelfuse by 15.1% during the third quarter. KBC Group NV now owns 731 shares of the technology company's stock worth $194,000 after acquiring an additional 96 shares during the last quarter. Huntington National Bank increased its position in Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company's stock worth $25,000 after purchasing an additional 64 shares in the last quarter. CIBC Asset Management Inc purchased a new position in Littelfuse in the third quarter valued at approximately $201,000. Natixis Advisors LLC lifted its position in Littelfuse by 0.8% during the third quarter. Natixis Advisors LLC now owns 12,589 shares of the technology company's stock valued at $3,340,000 after buying an additional 104 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in Littelfuse during the third quarter worth approximately $99,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

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.