The stock of Littelfuse, Inc. (NASDAQ:LFUS) hit a new 52-week high and has $166.47 target or 8.00% above today’s $154.14 share price. The 7 months bullish chart indicates low risk for the $3.54 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $166.47 price target is reached, the company will be worth $283.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.95% or $4.42 during the last trading session, hitting $154.14. About 190,109 shares traded hands or 15.63% up from the average. Littelfuse, Inc. (NASDAQ:LFUS) has risen 24.61% since April 22, 2016 and is uptrending. It has outperformed by 19.20% the S&P500.
Analysts await Littelfuse, Inc. (NASDAQ:LFUS) to report earnings on February, 7. They expect $1.52 EPS, up 25.62% or $0.31 from last year’s $1.21 per share. LFUS’s profit will be $34.91 million for 25.35 P/E if the $1.52 EPS becomes a reality. After $1.87 actual EPS reported by Littelfuse, Inc. for the previous quarter, Wall Street now forecasts -18.72% negative EPS growth.
Littelfuse, Inc. (NASDAQ:LFUS) Ratings Coverage
Out of 4 analysts covering Littelfuse (NASDAQ:LFUS), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Littelfuse has been the topic of 5 analyst reports since September 7, 2015 according to StockzIntelligence Inc. On Monday, September 7 the stock rating was upgraded by Zacks to “Hold”. Robert W. Baird maintained it with “Outperform” rating and $132 target price in Friday, August 26 report. The firm earned “Outperform” rating on Wednesday, February 3 by Oppenheimer. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, September 13. Sidoti downgraded the shares of LFUS in a report on Monday, November 21 to “Neutral” rating.
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 0.95 in 2016 Q2. Its down 0.15, from 1.1 in 2016Q1. The ratio turned negative, 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.
Hanseatic Mngmt Services Inc last reported 27 shares in the company. First Quadrant Ltd Partnership Ca holds 0.04% or 14,625 shares in its portfolio. State Teachers Retirement Sys accumulated 51,813 shares or 0.02% of the stock. Zacks Invest Management last reported 8,809 shares in the company. Moreover, Citigroup has 0% invested in Littelfuse, Inc. (NASDAQ:LFUS) for 10,959 shares. Thrivent For Lutherans accumulated 0.04% or 67,984 shares. Fmr Ltd has 0% invested in the company for 42,500 shares. Ftb Advsrs accumulated 332 shares or 0.01% of the stock. Ameriprise Financial Inc holds 0.01% or 121,412 shares in its portfolio. Tiverton Asset Mngmt Limited Liability Corp has 47,803 shares for 0.09% of their US portfolio. Moreover, Paradigm Asset Mgmt Communications Limited Co has 0% invested in Littelfuse, Inc. (NASDAQ:LFUS) for 4,600 shares. Ameritas Inv Prns Inc has 1,742 shares for 0.01% of their US portfolio. Blackrock Ltd Liability Com reported 17,605 shares or 0% of all its holdings. Keeley Asset last reported 2,523 shares in the company. Usca Ria Limited Liability Com has 0.18% invested in the company for 8,952 shares.
Insider Transactions: Since August 29, 2016, the stock had 0 insider purchases, and 16 insider sales for $18.25 million net activity. $1.96 million worth of shares were sold by Stafford Ryan K on Friday, November 18. Highley Ian sold 1,313 shares worth $166,843. $88,554 worth of Littelfuse, Inc. (NASDAQ:LFUS) was sold by Quille John T. Another trade for 9,400 shares valued at $1.19M was made by HEINZMANN DAVID W on Wednesday, August 31. MAJOR JOHN E also sold $658,873 worth of Littelfuse, Inc. (NASDAQ:LFUS) on Friday, November 18. Shares for $2.45 million were sold by HUNTER GORDON. 500 shares with value of $75,000 were sold by MUCHONEY MARY S on Friday, November 18.
Another recent and important Littelfuse, Inc. (NASDAQ:LFUS) news was published by Streetinsider.com which published an article titled: “Form 4 LITTELFUSE INC /DE For: Nov 18 Filed by: Roeder Dieter” on November 22, 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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