Benchmark Reiterates "Hold" Rating for Littelfuse (NASDAQ:LFUS)

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

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

Littelfuse Stock Down 3.1 %

Shares of NASDAQ:LFUS traded down $8.11 during midday trading on Wednesday, reaching $251.03. The company had a trading volume of 85,485 shares, compared to its average volume of 129,464. Littelfuse has a 1-year low of $213.01 and a 1-year high of $275.58. The stock has a market cap of $6.22 billion, a PE ratio of 28.49, a P/E/G ratio of 2.60 and a beta of 1.27. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. The business's 50 day moving average price is $259.00 and its 200 day moving average price is $254.69.

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

Insider Buying and Selling at Littelfuse

In related news, CEO David W. Heinzmann sold 2,091 shares of the company's stock in a transaction dated Monday, August 26th. The shares were 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 owns 59,654 shares of the company's stock, valued at $16,383,971.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO David W. Heinzmann sold 8,715 shares of the business's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the transaction, the chief executive officer now owns 59,654 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $274.65, for a total value of $574,293.15. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,383,971.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,242 shares of company stock valued at $3,318,974 in the last three months. Corporate insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LFUS. Van Lanschot Kempen Investment Management N.V. acquired a new position in Littelfuse in the 2nd quarter valued at approximately $100,662,000. Westwood Holdings Group Inc. grew its position in shares of Littelfuse by 223.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 313,927 shares of the technology company's stock valued at $76,080,000 after buying an additional 216,985 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Littelfuse in the second quarter valued at about $46,037,000. Lord Abbett & CO. LLC raised its position in shares of Littelfuse by 88.8% during the first quarter. Lord Abbett & CO. LLC now owns 166,195 shares of the technology company's stock worth $40,278,000 after acquiring an additional 78,153 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Littelfuse by 13.2% during the second quarter. Victory Capital Management Inc. now owns 501,504 shares of the technology company's stock worth $128,179,000 after acquiring an additional 58,529 shares during the last quarter. 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.