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

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

LFUS has been the subject of several other reports. TD Cowen boosted their price target on Littelfuse from $250.00 to $260.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. 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. Oppenheimer upgraded shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target on the stock in a report on Thursday. Finally, Stifel Nicolaus upgraded shares of Littelfuse from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. Three investment 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 price target of $285.00.

Littelfuse Stock Down 1.2 %

NASDAQ:LFUS traded down $3.17 during mid-day trading on Friday, reaching $259.07. The company's stock had a trading volume of 61,976 shares, compared to its average volume of 130,439. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32. Littelfuse has a 1 year low of $212.80 and a 1 year high of $275.58. The stock has a fifty day moving average of $258.79 and a 200-day moving average of $253.39. The firm has a market capitalization of $6.42 billion, a PE ratio of 29.68, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.22. The firm had revenue of $558.49 million during the quarter, compared to analysts' expectations of $540.35 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The company's revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.12 EPS. Equities research analysts forecast that Littelfuse will post 8.18 earnings per share for the current year.

Insider Activity at Littelfuse

In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,369,057.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Littelfuse news, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction dated 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 sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David W. Heinzmann sold 3,786 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $273.92, for a total value of $1,037,061.12. Following the completion of the transaction, the chief executive officer now directly owns 59,654 shares in the company, valued at $16,340,423.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,028 shares of company stock valued at $4,356,035 in the last three months. 2.30% of the stock is owned by insiders.

Institutional Trading of Littelfuse

Institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in shares of Littelfuse in the first quarter worth $30,000. CWM LLC raised its stake in shares of Littelfuse by 410.7% during the 2nd quarter. CWM LLC now owns 143 shares of the technology company's stock valued at $37,000 after buying an additional 115 shares during the last quarter. 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 valued at $38,000 after buying an additional 59 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Littelfuse by 275.0% in the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company's stock valued at $42,000 after buying an additional 121 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in Littelfuse during the first quarter worth about $50,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

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.