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

Posted by Defense World Staff on Apr 11th, 2023

Littelfuse (NASDAQ:LFUS – Get Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Separately, Robert W. Baird upped their price objective on shares of Littelfuse from $258.00 to $270.00 in a research report on Friday, February 3rd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $246.20.

Littelfuse Stock Performance

NASDAQ LFUS opened at $254.97 on Tuesday. The firm has a market cap of $6.32 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.66 and a beta of 1.27. Littelfuse has a 52-week low of $192.19 and a 52-week high of $281.78. The business’s 50-day moving average price is $262.56 and its 200 day moving average price is $238.89. The company has a quick ratio of 1.68, a current ratio of 2.64 and a debt-to-equity ratio of 0.39.

Littelfuse (NASDAQ:LFUS – Get Rating) last announced its earnings results on Wednesday, February 1st. The technology company reported $3.34 earnings per share for the quarter, beating the consensus estimate of $3.24 by $0.10. Littelfuse had a return on equity of 20.18% and a net margin of 14.85%. The company had revenue of $613.25 million for the quarter, compared to the consensus estimate of $613.85 million. During the same period last year, the business posted $3.16 EPS. The company’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts expect that Littelfuse will post 12.55 earnings per share for the current year.

Insider Transactions at Littelfuse

In other Littelfuse news, Director William P. Noglows sold 1,200 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $264.36, for a total value of $317,232.00. Following the sale, the director now owns 16,926 shares of the company’s stock, valued at $4,474,557.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director William P. Noglows sold 1,200 shares of Littelfuse stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $264.36, for a total value of $317,232.00. Following the completion of the sale, the director now owns 16,926 shares of the company’s stock, valued at $4,474,557.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Meenal Sethna sold 3,478 shares of the stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $251.40, for a total value of $874,369.20. Following the transaction, the chief financial officer now owns 17,717 shares in the company, valued at $4,454,053.80. The disclosure for this sale can be found here. Insiders have sold a total of 5,513 shares of company stock valued at $1,415,081 in the last ninety days. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Littelfuse

Institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in shares of Littelfuse in the 1st quarter valued at $33,000. CoreCap Advisors LLC acquired a new position in Littelfuse in the fourth quarter valued at $44,000. Northwestern Mutual Wealth Management Co. grew its position in Littelfuse by 33.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 201 shares of the technology company’s stock valued at $44,000 after acquiring an additional 50 shares during the period. Trifecta Capital Advisors LLC acquired a new stake in Littelfuse during the fourth quarter worth about $66,000. Finally, Standard Family Office LLC purchased a new position in shares of Littelfuse in the 3rd quarter worth about $70,000. 94.69% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Company Profile

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Littelfuse, Inc engages in the manufacture of technologies in circuit protection, power control and sensing. It operates through the following segments: Electronics, Transportation, and Industrial. The Electronics segment covers a broad range of end markets, including industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers and telecommunications, medical devices, alternative energy and energy storage, building and home automation, appliances, and mobile electronics.