The stock of Littelfuse, Inc. (NASDAQ:LFUS) reached all time high today, Nov, 14 and still has $191.08 target or 25.00% above today’s $152.86 share price. This indicates more upside for the $3.53 billion company. This technical setup was reported by Barchart.com. If the $191.08 PT is reached, the company will be worth $882.50 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 161,672 shares traded hands or 18.78% up from the average. Littelfuse, Inc. (NASDAQ:LFUS) has risen 25.77% since April 12, 2016 and is uptrending. It has outperformed by 20.79% the S&P500.
Littelfuse, Inc. (NASDAQ:LFUS) Ratings Coverage
Out of 3 analysts covering Littelfuse (NASDAQ:LFUS), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Littelfuse has been the topic of 4 analyst reports since September 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Oppenheimer on Tuesday, September 13 with “Outperform”. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, February 3. The firm has “Hold” rating by Zacks given on Monday, September 7. Robert W. Baird maintained the stock with “Outperform” rating in Friday, August 26 report.
According to Zacks Investment Research, “Littelfuse, Inc. is a leading manufacturer and seller of fuses and other circuit protection devices for use in the electronic, automotive and general industrial markets. In addition to its Des Plaines, Illinois, world headquarters, Littelfuse has manufacturing facilities in England, Ireland, Switzerland, Mexico, Korea, China and the Philippines, as well as in Centralia and Arcola, Illinois. It also has sales, engineering and distribution facilities in the Netherlands, Singapore, Hong Kong, Taiwan, Japan, Brazil and Livonia, Michigan.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.58, from 1.68 in 2016Q1. The ratio worsened, as 31 funds sold all Littelfuse, Inc. shares owned while 68 reduced positions. 21 funds bought stakes while 88 increased positions. They now own 21.76 million shares or 8.96% less from 23.90 million shares in 2016Q1.
Capstone Asset Comm holds 0.02% or 6,956 shares in its portfolio. Natl Bank Of Montreal Can accumulated 492 shares or 0% of the stock. Kistler has 0% invested in the company for 3 shares. Proshare Ltd Liability Corp has 0.01% invested in the company for 3,324 shares. Assetmark accumulated 0% or 105 shares. First Midwest Comml Bank Division holds 2,241 shares or 0.03% of its portfolio. Mondrian Invest Ptnrs has 19,828 shares for 0.06% of their US portfolio. Frontier Cap Mngmt Limited Liability Co has invested 0.14% of its portfolio in Littelfuse, Inc. (NASDAQ:LFUS). Louisiana State Employees Retirement Sys, a Louisiana-based fund reported 9,900 shares. State Of Wisconsin Investment Board has invested 0.03% of its portfolio in Littelfuse, Inc. (NASDAQ:LFUS). Prudential Finance Incorporated holds 55,610 shares or 0.01% of its portfolio. Northern Tru Corp has invested 0.01% of its portfolio in Littelfuse, Inc. (NASDAQ:LFUS). First Trust Advsrs Ltd Partnership last reported 31,099 shares in the company. Timessquare Capital accumulated 460,300 shares or 0.36% of the stock. Deutsche National Bank Ag accumulated 84,079 shares or 0.01% of the stock.
Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 11 insider sales for $10.90 million net activity. MUCHONEY MARY S sold $252,993 worth of Littelfuse, Inc. (NASDAQ:LFUS) on Monday, August 29. 8,011 shares were sold by Nayar Deepak, worth $1.08 million on Tuesday, October 25. 9,400 shares with value of $1.19 million were sold by HEINZMANN DAVID W on Wednesday, August 31. HUNTER GORDON also sold $1.13 million worth of Littelfuse, Inc. (NASDAQ:LFUS) on Tuesday, September 20. 697 shares with value of $88,554 were sold by Quille John T on Monday, August 29. GRILLO ANTHONY had sold 750 shares worth $82,328 on Monday, May 16. The insider Highley Ian sold $166,843.
Another recent and important Littelfuse, Inc. (NASDAQ:LFUS) news was published by Fool.com which published an article titled: “Why Shares of Littelfuse Inc. Jumped 12% in February” on March 09, 2016.
LFUS Company Profile
Littelfuse, Inc., incorporated on November 25, 1991, is a supplier of circuit protection products for the electronics, automotive and electrical industries. In addition to the portfolio of circuit protection products and solutions, the Company offers electronic reed switches and sensors, automotive sensors for comfort and safety systems and a line of electromechanical and electronic switch and control devices for commercial and specialty vehicles, as well as protection relays and power distribution centers for the safe control and distribution of electricity. The Firm operates through three divisions: Electronics, Automotive and Industrial. The Company’s Electronics segment provides circuit protection components to manufacturers of a range of electronic products, including mobile phones, computers, liquid-crystal-display televisions (LCD TVs), telecommunications equipment, medical devices, lighting products and white goods. The Company’s Automotive segment provides circuit protection products to the automotive original equipment manufacturers (OEM) and parts distributors of passenger automobiles, trucks, buses and off-road equipment. The Company’s Industrial segment provides circuit protection products for industrial and commercial customers, which include power fuses and other circuit protection devices that are used in commercial and industrial buildings and large equipment, such as heating, ventilation and air conditioning (HVAC) systems, elevators and machine tools.
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