Littelfuse (NASDAQ:LFUS – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.
A number of other research analysts have also recently issued reports on LFUS. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Baird R W upgraded Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, October 10th. Benchmark reaffirmed a “hold” rating on shares of Littelfuse in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Littelfuse in a research note on Wednesday, October 8th. Finally, Robert W. Baird upgraded shares of Littelfuse from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $290.00 to $310.00 in a research note on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and an average price target of $292.50.
Read Our Latest Stock Report on LFUS
Littelfuse Trading Up 0.2%
Littelfuse (NASDAQ:LFUS – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The technology company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.20. Littelfuse had a net margin of 5.66% and a return on equity of 9.89%. The business had revenue of $624.64 million for the quarter, compared to analysts’ expectations of $623.70 million. During the same quarter in the prior year, the company earned $2.71 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. Littelfuse has set its Q4 2025 guidance at 2.400-2.600 EPS. As a group, sell-side analysts expect that Littelfuse will post 9.49 EPS for the current fiscal year.
Insider Transactions at Littelfuse
In related news, SVP Deepak Nayar sold 2,333 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $255.50, for a total value of $596,081.50. Following the sale, the senior vice president owned 5,998 shares in the company, valued at approximately $1,532,489. This trade represents a 28.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Hedge Funds Weigh In On Littelfuse
A number of institutional investors and hedge funds have recently modified their holdings of the company. Arkadios Wealth Advisors bought a new stake in Littelfuse in the 2nd quarter valued at $331,000. Versor Investments LP purchased a new position in shares of Littelfuse during the second quarter valued at about $273,000. Teacher Retirement System of Texas lifted its position in shares of Littelfuse by 13.5% in the second quarter. Teacher Retirement System of Texas now owns 5,701 shares of the technology company’s stock worth $1,293,000 after buying an additional 678 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Littelfuse by 39.5% in the second quarter. Nordea Investment Management AB now owns 311,436 shares of the technology company’s stock worth $70,687,000 after buying an additional 88,151 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Littelfuse by 18.0% during the second quarter. JPMorgan Chase & Co. now owns 267,796 shares of the technology company’s stock valued at $60,717,000 after buying an additional 40,786 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than Littelfuse
- Value Investing: Is it a Good Strategy in 2022? (Hint: Always)
- Rubrik’s Massive Rebound: Why the Next Leg Higher Could Be Fast
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- Five Below and Dollar Tree Earnings Signal a Shopper Shift
- Industrial Products Stocks Investing
- Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?
Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.
