Littelfuse (NASDAQ:LFUS) Lowered to Hold Rating by StockNews.com

Littelfuse (NASDAQ:LFUS) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other research analysts have also issued reports on the stock. Robert W. Baird cut their price objective on shares of Littelfuse from $300.00 to $290.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Stock Performance

Littelfuse stock traded down $5.93 during mid-day trading on Tuesday, reaching $209.35. 183,225 shares of the company traded hands, compared to its average volume of 167,503. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. Littelfuse has a fifty-two week low of $208.57 and a fifty-two week high of $275.58. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.27. The firm’s fifty day moving average is $235.05 and its two-hundred day moving average is $246.03.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter last year, the business posted $2.02 EPS. On average, equities research analysts expect that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the transaction, the chief accounting officer now directly owns 3,105 shares of the company’s stock, valued at $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

A number of hedge funds have recently modified their holdings of LFUS. Huntington National Bank raised its position in shares of Littelfuse by 200.0% in the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after buying an additional 64 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Littelfuse during the third quarter worth about $27,000. Quent Capital LLC increased its position in Littelfuse by 525.0% during the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock worth $29,000 after purchasing an additional 105 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after purchasing an additional 105 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in Littelfuse during the fourth quarter worth about $40,000. 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.