Littelfuse, Inc. (NASDAQ:LFUS) has been given an average recommendation of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $187.40.

LFUS has been the topic of a number of research reports. Zacks Investment Research lowered Littelfuse from a “buy” rating to a “hold” rating in a report on Friday, April 28th. BidaskClub lowered Littelfuse from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd.

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Shares of Littelfuse (NASDAQ:LFUS) traded up 0.73% on Monday, reaching $184.32. The company’s stock had a trading volume of 154,378 shares. Littelfuse has a 12-month low of $114.76 and a 12-month high of $188.19. The firm has a 50 day moving average price of $168.34 and a 200-day moving average price of $161.30. The stock has a market cap of $4.18 billion, a PE ratio of 33.88 and a beta of 0.94.

Littelfuse (NASDAQ:LFUS) last announced its earnings results on Wednesday, May 3rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.05. Littelfuse had a return on equity of 18.47% and a net margin of 11.06%. The company had revenue of $285.44 million for the quarter, compared to analyst estimates of $284.95 million. During the same period in the prior year, the company posted $1.38 EPS. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. Equities research analysts expect that Littelfuse will post $7.47 EPS for the current year.

Littelfuse declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 3rd that allows the company to buyback 1,000,000 outstanding shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In other Littelfuse news, SVP Deepak Nayar sold 9,545 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $164.58, for a total transaction of $1,570,916.10. Following the transaction, the senior vice president now owns 5,141 shares in the company, valued at $846,105.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Cole sold 150 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the transaction, the senior vice president now owns 3,985 shares in the company, valued at approximately $674,381.55. The disclosure for this sale can be found here. Insiders have sold 18,781 shares of company stock worth $3,079,622 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its position in Littelfuse by 15.1% in the second quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock valued at $107,000 after buying an additional 85 shares during the period. World Asset Management Inc increased its position in Littelfuse by 2.4% in the first quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock valued at $223,000 after buying an additional 32 shares during the period. Miles Capital Inc. increased its position in Littelfuse by 1.8% in the first quarter. Miles Capital Inc. now owns 1,510 shares of the technology company’s stock valued at $241,000 after buying an additional 26 shares during the period. Forward Management LLC increased its position in Littelfuse by 6.4% in the first quarter. Forward Management LLC now owns 1,674 shares of the technology company’s stock valued at $268,000 after buying an additional 100 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Littelfuse by 63.6% in the first quarter. Asset Management One Co. Ltd. now owns 1,723 shares of the technology company’s stock valued at $276,000 after buying an additional 670 shares during the period. Institutional investors and hedge funds own 96.36% of the company’s stock.

About Littelfuse

Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.

Analyst Recommendations for Littelfuse (NASDAQ:LFUS)

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