Littelfuse (NASDAQ:LFUS) Upgraded by StockNews.com to “Buy” Rating

Littelfuse (NASDAQ:LFUS) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

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

Littelfuse Trading Down 2.6 %

NASDAQ LFUS opened at $209.22 on Wednesday. Littelfuse has a 52 week low of $201.97 and a 52 week high of $275.58. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 46.49, a PEG ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The stock’s 50 day moving average price is $232.16 and its two-hundred day moving average price is $243.89.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) 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 quarter in the previous year, the company posted $2.02 EPS. As a group, analysts anticipate that Littelfuse will post 9.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LFUS. Huntington National Bank increased its holdings in shares of Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after acquiring an additional 64 shares during the last quarter. Truvestments Capital LLC acquired a new position in Littelfuse in the 3rd quarter valued at $27,000. Quent Capital LLC grew its holdings in Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after buying an additional 105 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Littelfuse by 181.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock valued at $38,000 after buying an additional 105 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in Littelfuse in the 4th quarter valued at $40,000. 96.14% of the stock is owned by institutional investors and hedge funds.

About Littelfuse

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.