Oppenheimer Upgrades Littelfuse (NASDAQ:LFUS) to Outperform

Littelfuse (NASDAQ:LFUS) was upgraded by stock analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a report issued on Thursday, MarketBeat Ratings reports. The firm presently has a $310.00 price objective on the technology company’s stock. Oppenheimer’s price objective would suggest a potential upside of 19.66% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird lifted their price objective on shares of Littelfuse from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Stifel Nicolaus raised shares of Littelfuse from a “hold” rating to a “buy” rating and lifted their price target for the stock from $270.00 to $280.00 in a research note on Tuesday, August 13th. TD Cowen lifted their price target on shares of Littelfuse from $250.00 to $260.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $285.00.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS opened at $259.07 on Thursday. Littelfuse has a 52 week low of $212.80 and a 52 week high of $275.58. The stock has a market capitalization of $6.42 billion, a P/E ratio of 29.68, a PEG ratio of 2.64 and a beta of 1.27. The firm has a fifty day simple moving average of $259.11 and a two-hundred day simple moving average of $253.54. The company has a quick ratio of 2.42, a current ratio of 3.50 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.22. Littelfuse had a net margin of 8.71% and a return on equity of 8.91%. The business had revenue of $558.49 million during the quarter, compared to analysts’ expectations of $540.35 million. During the same period last year, the company posted $3.12 EPS. The business’s revenue was down 8.7% on a year-over-year basis. On average, analysts expect that Littelfuse will post 8.18 earnings per share for the current fiscal year.

Insider Activity at Littelfuse

In related news, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the completion of the sale, the senior vice president now owns 5,522 shares in the company, valued at $1,358,522.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO David W. Heinzmann sold 8,715 shares of Littelfuse stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $274.40, for a total transaction of $2,391,396.00. Following the completion of the sale, the chief executive officer now owns 59,654 shares in the company, valued at $16,369,057.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matthew Cole sold 1,436 shares of Littelfuse stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $246.02, for a total transaction of $353,284.72. Following the sale, the senior vice president now owns 5,522 shares of the company’s stock, valued at $1,358,522.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,028 shares of company stock worth $4,356,035 in the last 90 days. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Littelfuse

Several large investors have recently modified their holdings of the business. Rathbones Group PLC raised its holdings in shares of Littelfuse by 0.3% in the 2nd quarter. Rathbones Group PLC now owns 16,624 shares of the technology company’s stock valued at $4,249,000 after purchasing an additional 52 shares in the last quarter. Covestor Ltd raised its holdings in shares of Littelfuse by 28.5% in the 1st quarter. Covestor Ltd now owns 239 shares of the technology company’s stock valued at $58,000 after purchasing an additional 53 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Littelfuse by 21.4% in the 2nd quarter. Fifth Third Bancorp now owns 323 shares of the technology company’s stock valued at $83,000 after purchasing an additional 57 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Littelfuse by 14.4% in the 2nd quarter. Signaturefd LLC now owns 469 shares of the technology company’s stock valued at $120,000 after purchasing an additional 59 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Littelfuse by 70.2% in the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after purchasing an additional 59 shares in the last quarter. Institutional investors own 96.14% of the company’s stock.

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.