Brokerages Set Littelfuse, Inc. (LFUS) PT at $226.00

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Shares of Littelfuse, Inc. (NASDAQ:LFUS) have been given a consensus rating of “Hold” by the eight analysts that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $226.00.

LFUS has been the topic of a number of research reports. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price on the stock in a report on Tuesday, January 8th. CIBC raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 target price on the stock in a report on Tuesday, January 8th. Zacks Investment Research lowered shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. BidaskClub raised shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Friday, January 11th. Finally, Barrington Research reissued a “hold” rating on shares of Littelfuse in a report on Tuesday, January 29th.

In other news, Director Nathan Zommer sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $200.00, for a total value of $1,500,000.00. Following the transaction, the director now owns 393,286 shares in the company, valued at approximately $78,657,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Cole sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $183.40, for a total transaction of $31,178.00. Following the completion of the transaction, the senior vice president now owns 3,993 shares in the company, valued at approximately $732,316.20. The disclosure for this sale can be found here. Insiders have sold a total of 10,548 shares of company stock worth $2,085,025 over the last three months. Insiders own 3.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Strs Ohio lifted its position in shares of Littelfuse by 8.3% in the 1st quarter. Strs Ohio now owns 25,331 shares of the technology company’s stock worth $4,622,000 after purchasing an additional 1,933 shares during the period. Tributary Capital Management LLC lifted its position in shares of Littelfuse by 13.0% in the 1st quarter. Tributary Capital Management LLC now owns 97,938 shares of the technology company’s stock worth $17,872,000 after purchasing an additional 11,266 shares during the period. Inspirion Wealth Advisors LLC acquired a new position in shares of Littelfuse in the 1st quarter worth approximately $201,000. Summit Creek Advisors LLC lifted its position in shares of Littelfuse by 12.5% in the 1st quarter. Summit Creek Advisors LLC now owns 72,525 shares of the technology company’s stock worth $13,234,000 after purchasing an additional 8,060 shares during the period. Finally, D.B. Root & Company LLC lifted its position in shares of Littelfuse by 40.8% in the 1st quarter. D.B. Root & Company LLC now owns 1,674 shares of the technology company’s stock worth $305,000 after purchasing an additional 485 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Shares of Littelfuse stock opened at $199.32 on Thursday. The company has a market cap of $4.92 billion, a P/E ratio of 21.14, a P/E/G ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.62 and a current ratio of 3.50. Littelfuse has a 1 year low of $155.15 and a 1 year high of $238.10.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, January 30th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.00 by ($0.13). Littelfuse had a net margin of 9.58% and a return on equity of 16.12%. The company had revenue of $402.30 million for the quarter, compared to the consensus estimate of $413.77 million. During the same period last year, the firm posted $1.81 earnings per share. The company’s revenue for the quarter was up 31.9% compared to the same quarter last year. Equities research analysts forecast that Littelfuse will post 9.4 EPS for the current year.

About Littelfuse

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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Analyst Recommendations for Littelfuse (NASDAQ:LFUS)

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