Research analysts at Benchmark assumed coverage on shares of Littelfuse (NASDAQ:LFUS – Get Rating) in a research report issued on Wednesday, The Fly reports. The firm set a "hold" rating on the technology company's stock.
A number of other research analysts have also recently commented on the company. Robert W. Baird lowered their price target on Littelfuse from $272.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, September 16th. StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a report on Friday, September 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $288.33.
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Littelfuse Stock Down 3.4 %
NASDAQ LFUS opened at $202.15 on Wednesday. The stock's 50 day moving average is $242.74 and its 200 day moving average is $247.34. The company has a current ratio of 4.31, a quick ratio of 3.07 and a debt-to-equity ratio of 0.43. Littelfuse has a 12 month low of $201.94 and a 12 month high of $334.84. The stock has a market cap of $5.00 billion, a PE ratio of 14.49, a P/E/G ratio of 1.06 and a beta of 1.18.
Institutional Trading of Littelfuse
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Littelfuse by 1.8% during the 1st quarter. BlackRock Inc. now owns 2,040,384 shares of the technology company's stock valued at $508,893,000 after purchasing an additional 37,011 shares during the last quarter. Mairs & Power Inc. increased its position in shares of Littelfuse by 4.1% during the 1st quarter. Mairs & Power Inc. now owns 835,547 shares of the technology company's stock valued at $208,394,000 after purchasing an additional 32,923 shares during the last quarter. Invesco Ltd. increased its position in shares of Littelfuse by 4.4% during the 4th quarter. Invesco Ltd. now owns 771,396 shares of the technology company's stock valued at $242,742,000 after purchasing an additional 32,613 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Littelfuse by 15.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 739,890 shares of the technology company's stock valued at $187,962,000 after purchasing an additional 99,652 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Littelfuse by 8.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 650,114 shares of the technology company's stock valued at $165,156,000 after purchasing an additional 48,629 shares during the last quarter. Institutional investors own 95.45% of the company's stock.
About Littelfuse
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Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, 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.
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