Littelfuse (NASDAQ:LFUS) Price Target Lowered to $290.00 at Robert W. Baird

Littelfuse (NASDAQ:LFUS) had its price objective lowered by research analysts at Robert W. Baird from $300.00 to $290.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price target suggests a potential upside of 19.40% from the company’s current price.

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

Littelfuse Trading Up 3.2 %

Shares of LFUS stock traded up $7.64 during mid-day trading on Thursday, hitting $242.88. 69,932 shares of the company’s stock were exchanged, compared to its average volume of 140,680. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 31.18, a PEG ratio of 1.93 and a beta of 1.26. The stock has a 50-day simple moving average of $239.64 and a two-hundred day simple moving average of $250.60. Littelfuse has a fifty-two week low of $222.73 and a fifty-two week high of $275.58. The company has a quick ratio of 2.52, a current ratio of 3.55 and a debt-to-equity ratio of 0.31.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, hitting analysts’ consensus estimates of $2.04. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. During the same period last year, the company posted $2.02 EPS. Equities analysts expect that Littelfuse will post 8.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Littelfuse news, CAO Jeffrey G. Gorski sold 700 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 3,105 shares in the company, valued at $773,207.10. This trade represents a 18.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Littelfuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of Littelfuse by 126.9% in the third quarter. Jane Street Group LLC now owns 11,418 shares of the technology company’s stock worth $3,029,000 after buying an additional 6,386 shares during the period. Chesapeake Capital Corp IL acquired a new stake in shares of Littelfuse in the third quarter valued at approximately $570,000. Thrivent Financial for Lutherans lifted its position in shares of Littelfuse by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 278,158 shares of the technology company’s stock valued at $73,781,000 after buying an additional 3,831 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Littelfuse by 3.9% in the third quarter. New York State Common Retirement Fund now owns 141,157 shares of the technology company’s stock valued at $37,442,000 after purchasing an additional 5,344 shares during the last quarter. Finally, Eastern Bank bought a new position in Littelfuse during the 3rd quarter worth $530,000. 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.