Stifel Nicolaus Increases Littelfuse (NASDAQ:LFUS) Price Target to $165.00

Littelfuse (NASDAQ:LFUS) had its price target hoisted by equities researchers at Stifel Nicolaus from $155.00 to $165.00 in a report issued on Thursday, BenzingaRatingsTable reports. The brokerage presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price target points to a potential downside of 7.12% from the stock’s previous close.

Several other equities analysts have also recently commented on LFUS. Robert W. Baird upped their price target on Littelfuse from $152.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 18th. Loop Capital initiated coverage on Littelfuse in a research note on Monday, April 20th. They issued a “hold” rating for the company. ValuEngine downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Oppenheimer reissued a “hold” rating on shares of Littelfuse in a report on Wednesday. Finally, Zacks Investment Research raised shares of Littelfuse from a “sell” rating to a “hold” rating in a report on Wednesday, June 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $193.00.

LFUS opened at $177.65 on Thursday. Littelfuse has a 1-year low of $103.63 and a 1-year high of $196.00. The company has a current ratio of 5.35, a quick ratio of 4.16 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 59.41, a P/E/G ratio of 3.80 and a beta of 1.14. The business has a 50 day moving average of $168.66 and a 200-day moving average of $160.03.

Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, July 29th. The technology company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.34. The firm had revenue of $307.34 million during the quarter, compared to analysts’ expectations of $271.00 million. Littelfuse had a net margin of 5.46% and a return on equity of 8.24%. Equities analysts predict that Littelfuse will post 3.89 EPS for the current year.

In other news, SVP Deepak Nayar sold 809 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $145.00, for a total transaction of $117,305.00. Following the sale, the senior vice president now owns 8,901 shares in the company, valued at $1,290,645. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of Littelfuse by 2,166.7% during the first quarter. Signaturefd LLC now owns 204 shares of the technology company’s stock worth $27,000 after acquiring an additional 195 shares during the last quarter. Synovus Financial Corp increased its position in Littelfuse by 112.5% in the first quarter. Synovus Financial Corp now owns 391 shares of the technology company’s stock worth $53,000 after purchasing an additional 207 shares during the period. Fifth Third Bancorp raised its holdings in Littelfuse by 46.0% during the 1st quarter. Fifth Third Bancorp now owns 546 shares of the technology company’s stock worth $73,000 after purchasing an additional 172 shares during the last quarter. FDx Advisors Inc. acquired a new position in Littelfuse during the 1st quarter valued at about $91,000. Finally, Stonebridge Capital Advisors LLC lifted its position in Littelfuse by 16.7% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 700 shares of the technology company’s stock valued at $93,000 after purchasing an additional 100 shares during the period. 95.10% of the stock is owned by institutional investors.

Littelfuse Company Profile

Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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Analyst Recommendations for Littelfuse (NASDAQ:LFUS)

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