The stock of Littelfuse, Inc. (NASDAQ:LFUS) hit a new 52-week high and has $195.13 target or 38.00% above today’s $141.40 share price. The 8 months bullish chart indicates low risk for the $3.08 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $195.13 price target is reached, the company will be worth $1.17 billion 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. About 126,876 shares traded hands or 2.87% 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 Wednesday, February 3 the stock rating was maintained by Oppenheimer with “Outperform”. Oppenheimer maintained Littelfuse, Inc. (NASDAQ:LFUS) on Tuesday, September 13 with “Outperform” rating. Robert W. Baird maintained Littelfuse, Inc. (NASDAQ:LFUS) on Friday, August 26 with “Outperform” rating. The firm has “Hold” rating given on Monday, September 7 by Zacks.
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.
Moreover, Sawgrass Asset Mgmt Llc has 0.02% invested in Littelfuse, Inc. (NASDAQ:LFUS) for 4,210 shares. Fmr Ltd Company last reported 0% of its portfolio in the stock. Tudor Invest Corporation Et Al holds 2,563 shares or 0.01% of its portfolio. Mesirow Investment Mgmt has 188,550 shares for 1.3% of their US portfolio. Northern Tru Corp has 293,371 shares for 0.01% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 739 shares in its portfolio. Summit Securities Gp Ltd Liability holds 3,788 shares or 0.24% of its portfolio. First Republic Mgmt holds 0.01% or 5,040 shares in its portfolio. Ridgeworth Mngmt Llc last reported 0.01% of its portfolio in the stock. Moreover, New York State Common Retirement Fund has 0.03% invested in Littelfuse, Inc. (NASDAQ:LFUS) for 197,377 shares. The New Jersey-based Prudential Financial has invested 0.01% in Littelfuse, Inc. (NASDAQ:LFUS). Rothschild Asset Management holds 105,765 shares or 0.23% of its portfolio. Nationwide Fund Advsrs has 20,106 shares for 0.01% of their US portfolio. Comerica State Bank last reported 22,746 shares in the company. Citadel Advsrs Ltd Liability Co owns 6,436 shares or 0% of their US portfolio.
Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 12 insider sales for $10.99 million net activity. HUNTER GORDON also sold $2.45M worth of Littelfuse, Inc. (NASDAQ:LFUS) on Tuesday, September 13. 8,011 shares with value of $1.08M were sold by Nayar Deepak on Tuesday, October 25. The insider HEINZMANN DAVID W sold $1.19 million. Another trade for 1,769 shares valued at $224,663 was sold by Stafford Ryan K. The insider GRILLO ANTHONY sold 750 shares worth $82,328. $88,554 worth of Littelfuse, Inc. (NASDAQ:LFUS) was sold by Quille John T. MUCHONEY MARY S sold $252,993 worth of stock.
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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