Littelfuse (NASDAQ:LFUS) Coverage Initiated by Analysts at Jefferies Financial Group

Stock analysts at Jefferies Financial Group began coverage on shares of Littelfuse (NASDAQ:LFUS) in a report issued on Wednesday, Briefing.com reports. The firm set a “buy” rating and a $471.00 price target on the technology company’s stock. Jefferies Financial Group‘s price target indicates a potential upside of 22.86% from the stock’s current price.

A number of other research analysts have also weighed in on LFUS. Needham & Company LLC reissued a “buy” rating and set a $520.00 target price on shares of Littelfuse in a report on Wednesday, October 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Littelfuse in a report on Wednesday, October 28th. Zacks Research raised Littelfuse from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Littelfuse in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $466.57.

Littelfuse Trading Down 0.6%

Littelfuse stock opened at $383.37 on Wednesday. The stock has a 50-day simple moving average of $405.37 and a 200 day simple moving average of $402.00. The stock has a market capitalization of $9.74 billion, a P/E ratio of 314.24, a PEG ratio of 1.75 and a beta of 1.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.01 and a current ratio of 2.67. Littelfuse has a 52 week low of $233.36 and a 52 week high of $500.57.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, October 28th. The technology company reported $5.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.97 by $0.82. The firm had revenue of $795.20 million for the quarter, compared to analyst estimates of $792.49 million. Littelfuse had a return on equity of 15.86% and a net margin of 1.37%. The business’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.77 earnings per share. Analysts expect that Littelfuse will post 18.37 earnings per share for the current year.

Insider Transactions at Littelfuse

In other news, SVP David Ruppel sold 1,493 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $404.57, for a total transaction of $604,023.01. Following the transaction, the senior vice president directly owned 4,720 shares of the company’s stock, valued at approximately $1,909,570.40. This trade represents a 24.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of Littelfuse

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Littelfuse in the second quarter valued at approximately $1,148,821,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Littelfuse during the second quarter worth $185,057,000. William Blair Investment Management LLC bought a new stake in Littelfuse during the second quarter worth $146,471,000. Boston Trust Walden Corp boosted its holdings in shares of Littelfuse by 6.2% in the 3rd quarter. Boston Trust Walden Corp now owns 316,840 shares of the technology company’s stock valued at $134,258,000 after purchasing an additional 18,513 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Littelfuse by 6.6% in the 1st quarter. Principal Financial Group Inc. now owns 257,187 shares of the technology company’s stock valued at $87,282,000 after purchasing an additional 15,971 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Company Profile

Littelfuse, Inc. is a global manufacturer of products that help protect and control electrical systems. Its offerings include fuses and other circuit-protection components, power-control devices, sensors, and electronic components used in a range of applications. The company serves customers in markets including automotive, industrial, commercial vehicles, and electronics. Its products are used to protect equipment from electrical faults, manage power, and monitor conditions in systems and devices.