Benchmark Reaffirms Hold Rating for Littelfuse (NASDAQ:LFUS)

Littelfuse (NASDAQ:LFUS)‘s stock had its “hold” rating restated by investment analysts at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports.

Other research analysts have also issued research reports about the company. StockNews.com upgraded Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Oppenheimer upgraded shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.00.

Littelfuse Trading Up 3.4 %

Littelfuse stock opened at $243.16 on Wednesday. Littelfuse has a 1 year low of $222.73 and a 1 year high of $275.58. The firm’s 50-day moving average is $239.64 and its 200-day moving average is $250.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The company has a market cap of $6.04 billion, a P/E ratio of 31.25, a PEG ratio of 1.93 and a beta of 1.26.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data 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 return on equity of 8.49% and a net margin of 8.88%. During the same quarter last year, the company posted $2.02 earnings per share. On average, equities analysts expect that Littelfuse will post 8.47 earnings per share for the current year.

Insider Buying and Selling at Littelfuse

In related news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total value of $174,314.00. Following the completion of the sale, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Huntington National Bank boosted its stake in Littelfuse by 200.0% during the 3rd quarter. Huntington National Bank now owns 96 shares of the technology company’s stock valued at $25,000 after purchasing an additional 64 shares during the period. Truvestments Capital LLC acquired a new position in shares of Littelfuse during the third quarter worth approximately $27,000. Quent Capital LLC boosted its position in shares of Littelfuse by 525.0% in the fourth quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after acquiring an additional 105 shares during the period. UMB Bank n.a. grew its stake in shares of Littelfuse by 70.2% in the third quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock worth $38,000 after acquiring an additional 59 shares during the last quarter. Finally, 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 acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 96.14% of the company’s stock.

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.