The stock of Littelfuse, Inc. (NASDAQ:LFUS) reached all time high today, Nov, 25 and still has $168.01 target or 9.00% above today’s $154.14 share price. This indicates more upside for the $3.54 billion company. This technical setup was reported by Barchart.com. If the $168.01 PT is reached, the company will be worth $318.60M 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. The stock increased 2.95% or $4.42 during the last trading session, hitting $154.14. About 207,835 shares traded hands or 26.41% 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 earnings per share, 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 earnings per share 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. The rating was maintained by Oppenheimer on Tuesday, September 13 with “Outperform”. On Monday, September 7 the stock rating was upgraded by Zacks to “Hold”. The stock has “Outperform” rating given by Oppenheimer on Wednesday, February 3. The stock has “Neutral” rating given by Sidoti on Monday, November 21. The stock has “Outperform” rating given by Robert W. Baird on Friday, August 26.
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 is 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.
Los Angeles And Equity has 0.01% invested in the company for 14,303 shares. Hanseatic Management Incorporated, a New Mexico-based fund reported 27 shares. Blackrock Investment last reported 0.01% of its portfolio in the stock. Adirondack Tru Communications accumulated 0% or 50 shares. Ladenburg Thalmann Ser accumulated 456 shares or 0% of the stock. Independent Portfolio Consultants holds 0.41% or 11,009 shares in its portfolio. Tfs Limited Company, a Pennsylvania-based fund reported 1,747 shares. Copeland Capital Lc has invested 1.31% of its portfolio in Littelfuse, Inc. (NASDAQ:LFUS). Sawgrass Asset Mgmt Ltd Llc owns 4,210 shares or 0.02% of their US portfolio. Axiom Int Investors Limited Liability Corp De accumulated 0.2% or 56,880 shares. Ghp Investment accumulated 0.43% or 16,718 shares. Earnest Prtn Limited Liability accumulated 0.9% or 698,421 shares. Cupps Capital Management Limited Com accumulated 16,975 shares or 0.52% of the stock. Westwood Group Inc has 0.11% invested in the company for 102,042 shares. Fmr Limited Liability, a Massachusetts-based fund reported 42,500 shares.
Insider Transactions: Since August 29, 2016, the stock had 0 buys, and 16 insider sales for $18.25 million net activity. The insider Quille John T sold $88,554. $1.08M worth of shares were sold by Nayar Deepak on Tuesday, October 25. 1,769 shares were sold by Stafford Ryan K, worth $224,663. Shares for $166,843 were sold by Highley Ian. Shares for $658,873 were sold by MAJOR JOHN E on Friday, November 18. Roeder Dieter had sold 16,827 shares worth $2.51 million on Friday, November 18. On Monday, August 29 the insider MUCHONEY MARY S sold $252,993.
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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