Littelfuse, Inc. (NASDAQ:LFUS)‘s stock had its “hold” rating reiterated by stock analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $185.00 price objective on the technology company’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 9.44% from the stock’s previous close.

Several other analysts also recently issued reports on LFUS. Zacks Investment Research downgraded Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub raised Littelfuse from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Oppenheimer Holdings, Inc. lifted their target price on Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Finally, Robert W. Baird reissued a “buy” rating and set a $202.00 target price on shares of Littelfuse in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $194.40.

Shares of Littelfuse (LFUS) traded up 2.02% on Friday, hitting $204.10. The stock had a trading volume of 241,437 shares. The stock has a market capitalization of $4.64 billion, a P/E ratio of 32.12 and a beta of 0.95. The firm has a 50-day moving average price of $186.18 and a 200-day moving average price of $170.98. Littelfuse has a 52 week low of $124.32 and a 52 week high of $204.40.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.10. The company had revenue of $313.36 million for the quarter, compared to the consensus estimate of $312.97 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company earned $1.44 EPS. Equities analysts expect that Littelfuse will post $7.74 earnings per share for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in Littelfuse by 15.1% in the 2nd quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after acquiring an additional 85 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Littelfuse by 16.3% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock worth $112,000 after acquiring an additional 95 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Littelfuse by 8.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock worth $149,000 after acquiring an additional 72 shares during the last quarter. Advisor Group Inc. increased its stake in Littelfuse by 4.6% in the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock worth $187,000 after acquiring an additional 54 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Littelfuse by 63.6% in the 2nd quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock worth $194,000 after acquiring an additional 458 shares during the last quarter. 95.57% of the stock is currently owned by institutional investors and hedge funds.

Littelfuse Company Profile

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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