Analysts at Benchmark started coverage on shares of Littelfuse (NASDAQ:LFUS – Get Rating) in a research note issued to investors on Wednesday, The Fly reports. The brokerage set a “hold” rating on the technology company’s stock.
A number of other equities research analysts have also commented on the stock. StockNews.com lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Friday, September 2nd. Robert W. Baird dropped their price objective on shares of Littelfuse from $272.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, September 16th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Littelfuse currently has an average rating of “Hold” and a consensus target price of $288.33.
Littelfuse Trading Down 1.4 %
Shares of NASDAQ LFUS traded down $2.90 during midday trading on Wednesday, reaching $208.98. 1,882 shares of the stock were exchanged, compared to its average volume of 109,060. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.31 and a quick ratio of 3.07. Littelfuse has a 12 month low of $209.86 and a 12 month high of $334.84. The business has a 50-day simple moving average of $244.05 and a two-hundred day simple moving average of $247.85. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 14.98, a P/E/G ratio of 1.08 and a beta of 1.18.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pinebridge Investments L.P. acquired a new position in shares of Littelfuse in the 2nd quarter valued at approximately $25,000. Allworth Financial LP boosted its stake in shares of Littelfuse by 11,300.0% in the 2nd quarter. Allworth Financial LP now owns 114 shares of the technology company’s stock valued at $29,000 after purchasing an additional 113 shares during the last quarter. CWM LLC boosted its stake in Littelfuse by 361.5% during the first quarter. CWM LLC now owns 120 shares of the technology company’s stock worth $30,000 after acquiring an additional 94 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Littelfuse by 370.4% during the second quarter. Geneos Wealth Management Inc. now owns 127 shares of the technology company’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Littelfuse during the first quarter worth $33,000. 95.45% of the stock is currently owned by institutional investors.
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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