Littelfuse (NASDAQ:LFUS) Stock Picked Up by Analysts at Jefferies Financial Group

Equities research analysts at Jefferies Financial Group initiated coverage on shares of Littelfuse (NASDAQ:LFUS) in a note issued to investors on Wednesday, Briefing.com reports. The brokerage set a “buy” rating and a $471.00 price target on the technology company’s stock. Jefferies Financial Group‘s price target would suggest a potential upside of 22.86% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $520.00 target price on shares of Littelfuse in a research report on Wednesday, October 28th. Oppenheimer reaffirmed an “outperform” rating on shares of Littelfuse in a research report on Thursday, October 29th. Zacks Research raised shares of Littelfuse from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Littelfuse in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Littelfuse currently has an average rating of “Buy” and a consensus target price of $466.57.

Littelfuse Price Performance

Shares of NASDAQ LFUS opened at $383.37 on Wednesday. The company has a fifty day moving average price of $405.37 and a 200 day moving average price of $402.00. The firm has a market cap of $9.74 billion, a PE ratio of 314.24, a PEG ratio of 1.75 and a beta of 1.50. The company has a current ratio of 2.67, a quick ratio of 2.01 and a debt-to-equity ratio of 0.19. Littelfuse has a 1-year low of $233.36 and a 1-year high of $500.57.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results 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 the consensus estimate of $792.49 million. Littelfuse had a return on equity of 15.86% and a net margin of 1.37%. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter last year, the business posted $2.77 EPS. Research analysts predict that Littelfuse will post 18.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Littelfuse

In related news, SVP David Ruppel sold 1,493 shares of Littelfuse stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $404.57, for a total value of $604,023.01. Following the sale, the senior vice president owned 4,720 shares of the company’s stock, valued at approximately $1,909,570.40. The trade was a 24.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. GW&K Investment Management LLC boosted its holdings in shares of Littelfuse by 346,006.9% in the 3rd quarter. GW&K Investment Management LLC now owns 200,742 shares of the technology company’s stock valued at $85,064,000 after buying an additional 200,684 shares during the last quarter. Private Wealth Asset Management LLC acquired a new position in Littelfuse during the third quarter worth $376,000. USS Investment Management Ltd bought a new stake in Littelfuse during the third quarter worth $636,000. Ieq Capital LLC raised its position in Littelfuse by 94.7% during the third quarter. Ieq Capital LLC now owns 1,443 shares of the technology company’s stock worth $611,000 after acquiring an additional 702 shares in the last quarter. Finally, Boston Partners raised its position in Littelfuse by 17.8% during the third quarter. Boston Partners now owns 136,236 shares of the technology company’s stock worth $57,744,000 after acquiring an additional 20,573 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

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.