Littelfuse (NASDAQ:LFUS) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Littelfuse (NASDAQ:LFUS) had its price target boosted by investment analysts at Robert W. Baird from $182.00 to $194.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price target points to a potential upside of 0.62% from the stock’s previous close.

LFUS has been the topic of a number of other research reports. Benchmark reiterated a “hold” rating on shares of Littelfuse in a research report on Wednesday. Baird R W downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, StockNews.com downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Thursday, March 27th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Littelfuse currently has an average rating of “Hold” and an average target price of $252.25.

Littelfuse Stock Up 2.2 %

Shares of NASDAQ LFUS opened at $192.80 on Thursday. The company has a 50 day simple moving average of $189.90 and a 200 day simple moving average of $225.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.61 and a quick ratio of 2.62. Littelfuse has a 1 year low of $142.10 and a 1 year high of $275.58. The firm has a market cap of $4.76 billion, a PE ratio of 42.84, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.37. Littelfuse had a net margin of 5.16% and a return on equity of 8.55%. The firm had revenue of $554.31 million during the quarter, compared to the consensus estimate of $537.60 million. During the same quarter last year, the firm earned $1.76 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, research analysts forecast that Littelfuse will post 9.49 EPS for the current year.

Institutional Trading of Littelfuse

Large investors have recently modified their holdings of the stock. Norges Bank bought a new position in Littelfuse during the fourth quarter worth $131,579,000. Raymond James Financial Inc. acquired a new position in shares of Littelfuse during the fourth quarter valued at about $32,865,000. GAMMA Investing LLC boosted its position in shares of Littelfuse by 60,177.7% during the 1st quarter. GAMMA Investing LLC now owns 113,322 shares of the technology company’s stock worth $22,295,000 after purchasing an additional 113,134 shares in the last quarter. BLI Banque de Luxembourg Investments acquired a new stake in shares of Littelfuse in the 4th quarter valued at about $16,250,000. Finally, Ameriprise Financial Inc. increased its position in Littelfuse by 119.4% in the 4th quarter. Ameriprise Financial Inc. now owns 116,940 shares of the technology company’s stock valued at $27,557,000 after buying an additional 63,632 shares in the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

About Littelfuse

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.