Littelfuse (NASDAQ:LFUS) Earns "Hold" Rating from Benchmark

Benchmark reiterated their hold rating on shares of Littelfuse (NASDAQ:LFUS - Free Report) in a report published on Wednesday, Benzinga reports.

A number of other research firms also recently weighed in on LFUS. Robert W. Baird boosted their target price on shares of Littelfuse from $300.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Stifel Nicolaus raised shares of Littelfuse from a "hold" rating to a "buy" rating and lifted their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. StockNews.com raised shares of Littelfuse from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. TD Cowen lifted their price target on shares of Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a research note on Thursday, August 1st. Finally, Oppenheimer raised shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target for the company in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Littelfuse presently has an average rating of "Moderate Buy" and a consensus price target of $285.00.

Littelfuse Price Performance

Shares of Littelfuse stock traded down $7.87 during trading hours on Wednesday, reaching $251.27. The company's stock had a trading volume of 186,186 shares, compared to its average volume of 129,979. The firm has a 50 day moving average price of $259.00 and a 200-day moving average price of $254.69. Littelfuse has a one year low of $213.01 and a one year high of $275.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.50 and a quick ratio of 2.42. The stock has a market cap of $6.23 billion, a P/E ratio of 28.78, a P/E/G ratio of 2.60 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.63. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The firm had revenue of $567.39 million for the quarter, compared to the consensus estimate of $557.38 million. During the same period in the previous year, the firm posted $2.97 EPS. The business's quarterly revenue was down 6.5% on a year-over-year basis. On average, analysts predict that Littelfuse will post 8.14 EPS for the current year.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at $16,369,057.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total value of $2,391,396.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at $16,369,057.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $274.65, for a total transaction of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares of the company's stock, valued at $16,383,971.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,242 shares of company stock valued at $3,318,974 in the last three months. Company insiders own 2.30% of the company's stock.

Institutional Investors Weigh In On Littelfuse

Hedge funds have recently modified their holdings of the business. CWM LLC lifted its position in shares of Littelfuse by 410.7% in the 2nd quarter. CWM LLC now owns 143 shares of the technology company's stock worth $37,000 after purchasing an additional 115 shares during the period. UMB Bank n.a. raised its stake in shares of Littelfuse by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company's stock worth $38,000 after acquiring an additional 59 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company's stock worth $42,000 after acquiring an additional 121 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Littelfuse during the 1st quarter worth approximately $50,000. Finally, Covestor Ltd raised its stake in shares of Littelfuse by 28.5% during the 1st quarter. Covestor Ltd now owns 239 shares of the technology company's stock worth $58,000 after acquiring an additional 53 shares in the last quarter. Hedge funds and other institutional investors 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.