Littelfuse (NASDAQ:LFUS) Stock Rating Upgraded by Wall Street Zen

Littelfuse (NASDAQ:LFUS) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

A number of other research firms also recently commented on LFUS. Oppenheimer increased their price objective on shares of Littelfuse from $325.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, January 16th. Zacks Research downgraded Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Littelfuse in a research report on Thursday, January 22nd. Robert W. Baird raised Littelfuse from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $290.00 to $310.00 in a report on Friday, October 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $335.00.

Littelfuse Stock Performance

Littelfuse stock opened at $296.17 on Monday. The company’s 50-day moving average is $266.03 and its two-hundred day moving average is $257.73. Littelfuse has a 1 year low of $142.10 and a 1 year high of $307.99. The company has a market cap of $7.37 billion, a PE ratio of 56.41, a PEG ratio of 1.94 and a beta of 1.43. The company has a current ratio of 4.00, a quick ratio of 3.05 and a debt-to-equity ratio of 0.30.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.20. Littelfuse had a return on equity of 9.89% and a net margin of 5.66%.The business had revenue of $624.64 million during the quarter, compared to the consensus estimate of $623.70 million. During the same quarter in the prior year, the company posted $2.71 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. Equities analysts anticipate that Littelfuse will post 9.49 earnings per share for the current year.

Insiders Place Their Bets

In other Littelfuse news, VP Ryan K. Stafford sold 2,162 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $268.31, for a total transaction of $580,086.22. Following the sale, the vice president directly owned 28,591 shares of the company’s stock, valued at $7,671,251.21. The trade was a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Peter Sung-Jip Kim sold 2,049 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $270.02, for a total value of $553,270.98. Following the completion of the sale, the senior vice president owned 10,175 shares in the company, valued at $2,747,453.50. The trade was a 16.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,034 shares of company stock valued at $3,670,025 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LFUS. Key Capital Management INC purchased a new position in shares of Littelfuse during the fourth quarter valued at approximately $25,000. Blue Trust Inc. increased its holdings in Littelfuse by 1,666.7% in the 3rd quarter. Blue Trust Inc. now owns 106 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Littelfuse in the third quarter valued at approximately $31,000. V Square Quantitative Management LLC purchased a new position in Littelfuse in the 4th quarter valued at approximately $30,000. Finally, Steph & Co. purchased a new position in shares of Littelfuse in the third quarter valued at $32,000. 96.14% of the stock is currently owned by institutional investors and hedge funds.

About Littelfuse

Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.

The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.