Littelfuse (NASDAQ:LFUS) Rating Lowered to Hold at Baird R W

Littelfuse (NASDAQ:LFUS) was downgraded by research analysts at Baird R W from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on the company. StockNews.com cut Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Robert W. Baird reissued a “neutral” rating and set a $182.00 price target (down previously from $225.00) on shares of Littelfuse in a research report on Tuesday. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Thursday, April 10th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Littelfuse currently has an average rating of “Hold” and an average price target of $258.00.

Littelfuse Trading Down 2.5 %

NASDAQ:LFUS opened at $155.34 on Tuesday. The business’s 50-day moving average is $209.44 and its two-hundred day moving average is $232.77. The firm has a market capitalization of $3.84 billion, a PE ratio of 34.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. Littelfuse has a 12 month low of $142.10 and a 12 month high of $275.58. 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 (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period in the previous year, the firm posted $2.02 earnings per share. Research analysts predict that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Institutional Trading of Littelfuse

A number of institutional investors and hedge funds have recently modified their holdings of LFUS. Jane Street Group LLC raised its stake in Littelfuse by 126.9% during the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock worth $3,029,000 after acquiring an additional 6,386 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Littelfuse by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company’s stock worth $73,649,000 after buying an additional 8,588 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company’s stock worth $225,000 after buying an additional 50 shares during the period. Proficio Capital Partners LLC bought a new stake in Littelfuse in the fourth quarter valued at $5,892,000. Finally, Bank of New York Mellon Corp grew its position in shares of Littelfuse by 7.4% during the fourth quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company’s stock worth $61,293,000 after acquiring an additional 18,013 shares during the last quarter. 96.14% of the stock is 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.