Robert W. Baird Issues Pessimistic Forecast for Littelfuse (NASDAQ:LFUS) Stock Price

Littelfuse (NASDAQ:LFUS) had its price objective decreased by equities research analysts at Robert W. Baird from $300.00 to $290.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price objective would indicate a potential upside of 19.40% from the stock’s current price.

LFUS has been the topic of several other reports. Benchmark reissued a “hold” rating on shares of Littelfuse in a research note on Wednesday. StockNews.com upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, Oppenheimer upgraded Littelfuse from a “market perform” rating to an “outperform” rating and set a $310.00 price objective for the company in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Littelfuse currently has an average rating of “Moderate Buy” and a consensus target price of $280.00.

Littelfuse Stock Performance

NASDAQ LFUS traded up $7.64 on Thursday, reaching $242.88. 69,932 shares of the company’s stock traded hands, compared to its average volume of 140,680. The stock has a 50 day moving average price of $239.64 and a 200-day moving average price of $250.60. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 31.18, a P/E/G ratio of 1.93 and a beta of 1.26. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. Littelfuse has a fifty-two week low of $222.73 and a fifty-two week high of $275.58.

Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 earnings per share for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.49% and a net margin of 8.88%. During the same quarter in the previous year, the company earned $2.02 earnings per share. Equities research analysts predict that Littelfuse will post 8.47 EPS for the current fiscal year.

Insider Activity at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $249.02, for a total value of $174,314.00. Following the transaction, the chief accounting officer now owns 3,105 shares of the company’s stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Littelfuse

A number of hedge funds have recently added to or reduced their stakes in the company. Huntington National Bank raised its holdings in Littelfuse by 200.0% during the third quarter. Huntington National Bank now owns 96 shares of the technology company’s stock worth $25,000 after purchasing an additional 64 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Littelfuse in the 3rd quarter worth about $27,000. Quent Capital LLC grew its stake in Littelfuse by 525.0% in the 4th quarter. Quent Capital LLC now owns 125 shares of the technology company’s stock valued at $29,000 after acquiring an additional 105 shares during the last quarter. UMB Bank n.a. increased its holdings in Littelfuse by 70.2% during the 3rd quarter. UMB Bank n.a. now owns 143 shares of the technology company’s stock valued at $38,000 after acquiring an additional 59 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Littelfuse by 181.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 163 shares of the technology company’s stock worth $38,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 96.14% of the company’s stock.

Littelfuse Company Profile

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.