A number of other research firms also recently issued reports on LFUS. Longbow Research downgraded shares of Littelfuse from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Barrington Research reaffirmed a “hold” rating on shares of Littelfuse in a research note on Tuesday, January 29th. Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Oppenheimer decreased their price target on shares of Littelfuse from $215.00 to $210.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $226.00.
Shares of LFUS stock traded up $3.10 during mid-day trading on Tuesday, hitting $171.25. The company had a trading volume of 121,100 shares, compared to its average volume of 159,339. Littelfuse has a 52-week low of $155.15 and a 52-week high of $238.10. 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 company has a market capitalization of $4.42 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.71 and a beta of 0.94.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, May 1st. The technology company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.92 by $0.04. Littelfuse had a net margin of 9.70% and a return on equity of 15.27%. The firm had revenue of $405.50 million for the quarter, compared to the consensus estimate of $407.53 million. During the same quarter in the previous year, the firm earned $2.39 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts predict that Littelfuse will post 8.71 EPS for the current fiscal year.
In other news, Director Nathan Zommer sold 1,300 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $194.14, for a total value of $252,382.00. Following the sale, the director now owns 400,786 shares of the company’s stock, valued at $77,808,594.04. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Ian Highley sold 1,000 shares of the stock in a transaction on Monday, February 25th. The shares were sold at an average price of $195.98, for a total transaction of $195,980.00. Following the completion of the sale, the senior vice president now directly owns 3,701 shares in the company, valued at approximately $725,321.98. The disclosure for this sale can be found here. In the last three months, insiders sold 13,747 shares of company stock worth $2,689,372. Insiders own 3.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Giverny Capital Inc. raised its stake in shares of Littelfuse by 7.4% in the first quarter. Giverny Capital Inc. now owns 108,790 shares of the technology company’s stock valued at $19,852,000 after acquiring an additional 7,508 shares during the period. Fifth Third Bancorp raised its stake in shares of Littelfuse by 72.8% in the first quarter. Fifth Third Bancorp now owns 197 shares of the technology company’s stock valued at $36,000 after acquiring an additional 83 shares during the period. GYL Financial Synergies LLC purchased a new stake in shares of Littelfuse in the first quarter valued at $1,583,000. RK Capital Management LLC raised its stake in shares of Littelfuse by 17.1% in the first quarter. RK Capital Management LLC now owns 32,120 shares of the technology company’s stock valued at $5,861,000 after acquiring an additional 4,700 shares during the period. Finally, Neuburgh Advisers LLC raised its stake in shares of Littelfuse by 13.3% in the first quarter. Neuburgh Advisers LLC now owns 3,190 shares of the technology company’s stock valued at $582,000 after acquiring an additional 374 shares during the period. 99.24% of the stock is currently owned by institutional investors and hedge funds.
Littelfuse Company Profile
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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