Littelfuse, Inc. (NASDAQ:LFUS) has been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $220.75.
Several equities analysts have weighed in on the company. Longbow Research lowered Littelfuse from a “buy” rating to a “neutral” rating in a report on Wednesday, April 17th. Oppenheimer reduced their price objective on Littelfuse from $215.00 to $210.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Zacks Investment Research raised Littelfuse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. BidaskClub raised Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, June 21st. Finally, Cowen assumed coverage on Littelfuse in a report on Tuesday, May 21st. They set an “outperform” rating and a $210.00 price objective for the company.
In other news, Director Nathan Zommer sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $200.00, for a total value of $1,500,000.00. Following the completion of the transaction, the director now directly owns 393,286 shares of the company’s stock, valued at $78,657,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ian Highley sold 986 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $165.79, for a total value of $163,468.94. Following the completion of the transaction, the senior vice president now directly owns 1,839 shares of the company’s stock, valued at $304,887.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,433 shares of company stock valued at $2,404,479. 3.50% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of LFUS. Norges Bank bought a new position in shares of Littelfuse in the fourth quarter worth $45,583,000. Principal Financial Group Inc. boosted its holdings in shares of Littelfuse by 20.3% in the fourth quarter. Principal Financial Group Inc. now owns 781,653 shares of the technology company’s stock worth $134,038,000 after acquiring an additional 132,138 shares during the period. Ceredex Value Advisors LLC bought a new position in shares of Littelfuse in the first quarter worth $24,039,000. Victory Capital Management Inc. boosted its holdings in shares of Littelfuse by 29.9% in the first quarter. Victory Capital Management Inc. now owns 551,097 shares of the technology company’s stock worth $100,564,000 after acquiring an additional 126,825 shares during the period. Finally, Mairs & Power INC boosted its holdings in shares of Littelfuse by 61.4% in the fourth quarter. Mairs & Power INC now owns 272,503 shares of the technology company’s stock worth $46,729,000 after acquiring an additional 103,614 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.
Shares of LFUS traded down $0.71 on Tuesday, reaching $177.47. 54,755 shares of the company’s stock traded hands, compared to its average volume of 150,519. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.85 and a current ratio of 3.82. The firm has a market capitalization of $4.39 billion, a PE ratio of 18.80, a PEG ratio of 1.70 and a beta of 1.10. The business has a 50 day moving average price of $171.79. Littelfuse has a 52-week low of $155.15 and a 52-week high of $231.85.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $1.96 EPS for the quarter, beating the Zacks’ consensus estimate of $1.92 by $0.04. The company had revenue of $405.50 million during the quarter, compared to the consensus estimate of $407.53 million. Littelfuse had a return on equity of 15.27% and a net margin of 9.70%. Littelfuse’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $2.39 earnings per share. As a group, analysts forecast that Littelfuse will post 8.71 earnings per share for the current year.
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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