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

Littelfuse (NASDAQ:LFUS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Several other analysts have also recently weighed in on LFUS. TD Cowen raised their price target on Littelfuse from $250.00 to $260.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and raised their target price for the company from $270.00 to $280.00 in a research note on Tuesday, August 13th. Finally, Robert W. Baird boosted their price target on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.75.

Littelfuse Price Performance

NASDAQ:LFUS traded up $2.41 during mid-day trading on Monday, hitting $252.42. 91,763 shares of the stock traded hands, compared to its average volume of 135,798. The business’s 50-day moving average price is $258.03 and its 200 day moving average price is $249.79. 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 company has a market cap of $6.26 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 2.51 and a beta of 1.28. Littelfuse has a 12-month low of $212.80 and a 12-month high of $275.58.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.22. The firm had revenue of $558.49 million during the quarter, compared to analyst estimates of $540.35 million. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The business’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.12 EPS. On average, analysts expect that Littelfuse will post 8.18 EPS for the current fiscal year.

Insider Buying and Selling at Littelfuse

In related news, CEO David W. Heinzmann sold 300 shares of Littelfuse stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $273.17, for a total value of $81,951.00. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at approximately $16,295,683.18. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO David W. Heinzmann sold 300 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $273.17, for a total transaction of $81,951.00. Following the completion of the sale, the chief executive officer now directly owns 59,654 shares in the company, valued at approximately $16,295,683.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David W. Heinzmann sold 2,091 shares of the firm’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 value of $574,293.15. Following the transaction, the chief executive officer now owns 59,654 shares in the company, valued at $16,383,971.10. The disclosure for this sale can be found here. Insiders have sold 16,328 shares of company stock worth $4,437,986 over the last ninety days. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Littelfuse in the first quarter valued at about $30,000. CWM LLC increased its holdings in 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 purchasing an additional 115 shares during the period. GAMMA Investing LLC raised its position in Littelfuse by 275.0% during the 2nd quarter. GAMMA Investing LLC now owns 165 shares of the technology company’s stock valued at $42,000 after purchasing an additional 121 shares during the last quarter. Principal Securities Inc. purchased a new stake in Littelfuse in the 4th quarter worth approximately $50,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Littelfuse in the 1st quarter worth approximately $50,000. 96.14% of the stock is currently owned by 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.