Several other analysts have also recently weighed in on the company. Robert W. Baird cut Littelfuse from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $193.00 to $171.00 in a report on Thursday, August 1st. Cowen lowered their price target on Littelfuse from $200.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Jefferies Financial Group started coverage on Littelfuse in a report on Thursday, October 3rd. They issued a “buy” rating and a $215.00 price target on the stock. Oppenheimer cut Littelfuse from an “outperform” rating to a “market perform” rating in a report on Thursday, October 31st. Finally, Zacks Investment Research raised Littelfuse from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $195.86.
Shares of NASDAQ:LFUS traded up $2.07 on Friday, hitting $180.87. The company’s stock had a trading volume of 7,016 shares, compared to its average volume of 163,303. The company has a 50-day simple moving average of $181.70 and a 200 day simple moving average of $173.53. Littelfuse has a 1 year low of $149.80 and a 1 year high of $206.00. The company has a market capitalization of $4.35 billion, a PE ratio of 19.14, a PEG ratio of 2.39 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.05 and a quick ratio of 3.09.
In related news, SVP Deepak Nayar sold 2,264 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $183.96, for a total transaction of $416,485.44. Following the transaction, the senior vice president now directly owns 5,766 shares of the company’s stock, valued at approximately $1,060,713.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey G. Gorski sold 600 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $183.93, for a total value of $110,358.00. Following the transaction, the chief accounting officer now directly owns 3,312 shares in the company, valued at $609,176.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,456 shares of company stock worth $635,106. 3.50% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in LFUS. FMR LLC raised its holdings in shares of Littelfuse by 12,836.6% during the 1st quarter. FMR LLC now owns 26,520 shares of the technology company’s stock valued at $4,839,000 after buying an additional 26,315 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Littelfuse by 8.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 25,995 shares of the technology company’s stock valued at $4,743,000 after buying an additional 2,085 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Littelfuse by 12.9% during the 2nd quarter. Private Trust Co. NA now owns 3,123 shares of the technology company’s stock valued at $552,000 after buying an additional 358 shares in the last quarter. Zions Bancorporation N.A. purchased a new position in shares of Littelfuse during the 2nd quarter valued at about $210,000. Finally, Sanders Morris Harris LLC bought a new position in Littelfuse during the 2nd quarter worth approximately $533,000. 94.02% of the stock is currently owned by institutional investors.
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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