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

Littelfuse (NASDAQ:LFUS) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other research firms also recently issued reports on LFUS. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research note on Wednesday, January 29th. Robert W. Baird dropped their price target on shares of 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Stock Performance

Shares of LFUS stock opened at $211.35 on Wednesday. The company’s fifty day simple moving average is $231.20 and its 200-day simple moving average is $243.46. Littelfuse has a 52 week low of $201.97 and a 52 week high of $275.58. The company has a current ratio of 3.61, a quick ratio of 2.62 and a debt-to-equity ratio of 0.32. The company has a market cap of $5.24 billion, a PE ratio of 46.97, a P/E/G ratio of 2.24 and a beta of 1.27.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.04. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. During the same quarter in the prior year, the business posted $2.02 EPS. As a group, equities research analysts anticipate that Littelfuse will post 9.49 EPS for the current year.

Institutional Investors Weigh In On Littelfuse

Several hedge funds and other institutional investors have recently modified their holdings of LFUS. Norges Bank bought a new stake in shares of Littelfuse in the 4th quarter worth about $131,579,000. Raymond James Financial Inc. bought a new stake in shares of Littelfuse in the 4th quarter worth about $32,865,000. BLI Banque de Luxembourg Investments acquired a new position in shares of Littelfuse in the 4th quarter valued at about $16,250,000. Ameriprise Financial Inc. boosted its holdings in shares of Littelfuse by 119.4% in the 4th quarter. Ameriprise Financial Inc. now owns 116,940 shares of the technology company’s stock valued at $27,557,000 after buying an additional 63,632 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its stake in Littelfuse by 7.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 763,396 shares of the technology company’s stock valued at $179,895,000 after purchasing an additional 55,835 shares during the period. Institutional investors 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.