The stock of Littelfuse, Inc. (NASDAQ:LFUS) reached all time high today, Nov, 7 and still has $197.75 target or 40.00% above today’s $141.25 share price. This indicates more upside for the $3.07B company. This technical setup was reported by Barchart.com. If the $197.75 PT is reached, the company will be worth $1.23B 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 154,890 shares traded hands or 25.58% up from the average. Littelfuse, Inc. (NASDAQ:LFUS) has risen 14.00% since April 5, 2016 and is uptrending. It has outperformed by 12.04% 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. On Friday, August 26 the stock rating was maintained by Robert W. Baird with “Outperform”. The firm has “Outperform” rating by Oppenheimer given on Tuesday, September 13. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, February 3 report. Zacks upgraded the shares of LFUS in a report on Monday, September 7 to “Hold” 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 1.1 in Q2 2016. 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.
Rs Inv Mngmt Comm Ltd Com last reported 0.63% of its portfolio in the stock. Gemmer Asset Mgmt Ltd Liability Corp, a California-based fund reported 39 shares. Regions Financial Corp reported 9,499 shares or 0.01% of all its holdings. Quantbot Techs Ltd Partnership reported 588 shares or 0.01% of all its holdings. Ridgeworth Mgmt Limited Com has 7,350 shares for 0.01% of their US portfolio. Great West Life Assurance Communication Can last reported 2,040 shares in the company. Loomis Sayles & Limited Partnership holds 0.08% or 234,032 shares in its portfolio. Bamco Ny holds 0.24% or 378,930 shares in its portfolio. Value Holdings L P holds 15,700 shares or 1.19% of its portfolio. Metropolitan Life Ins Ny has 0.01% invested in the company for 15,796 shares. Frontier Cap Management Lc owns 143,236 shares or 0.14% of their US portfolio. Keeley Asset last reported 0.01% of its portfolio in the stock. Aberdeen Asset Management Public Limited Co Uk holds 0.12% or 264,287 shares in its portfolio. Dimensional Fund Advisors Limited Partnership holds 0.03% of its portfolio in Littelfuse, Inc. (NASDAQ:LFUS) for 463,098 shares. Blackrock Gru has 0% invested in the company for 37,936 shares.
Insider Transactions: Since May 16, 2016, the stock had 0 buys, and 12 insider sales for $10.99 million net activity. HUNTER GORDON sold 10,000 shares worth $1.26 million. 4,237 shares were sold by Nayar Deepak, worth $536,697 on Monday, August 29. The insider Stafford Ryan K sold 1,769 shares worth $224,663. $166,843 worth of Littelfuse, Inc. (NASDAQ:LFUS) shares were sold by Highley Ian. Another trade for 9,400 shares valued at $1.19M was sold by HEINZMANN DAVID W. 1,996 shares were sold by MUCHONEY MARY S, worth $252,993. Another trade for 697 shares valued at $88,554 was made by Quille John T on Monday, August 29.
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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