Littelfuse Gets a Hold Rating from Oppenheimer


In a report released yesterday, Christopher Glynn from Oppenheimer maintained a Hold rating on Littelfuse (NASDAQ: LFUS). The company’s shares closed yesterday at $226.97, close to its 52-week high of $238.11.

Glynn noted:

“We discussed Electronics strength, the IXYS integration process, and portfolio drivers. Through ongoing strength broadly across the Electronics segment, LFUS notes very strong channel partnerships globally, strong design-in execution, and solid flex capacity to support consistent lead times, all affording some favorable share/ performance relative to markets. Sales into the channel remain consistent with sales out. LFUS continues to describe market strength as differentiated from historical cycles—typically tied to a key end-market/product category, currently not tied to or driven by any specific market. Instead, broad adoption of electronic and electrical features across a range of devices/products/markets supports the broad health.”

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 10.5% and a 65.9% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Littelfuse with a $237 average price target.

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The company has a one-year high of $238.11 and a one-year low of $161.30. Currently, Littelfuse has an average volume of 209.2K.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Ronald Schubel, a Director at LFUS sold 3,364 shares for a total of $781,524.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Littelfuse, Inc. engages in supplying of circuit protection products for the electronics, automotive and electrical industries. It offers electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems, as well as protection relays and power distribution centers for the safe control and distribution of electricity. It operates through the following segments: Electronics, Automotive, and Electrical. The Electronics segment includes the broadest and deepest portfolio of overvoltage and overcurrent solutions. The Automotive segment maintains a direct sales force to service all the major automotive OEMs and system suppliers domestically. The Electrical segment markets and sells its power fuses and protection relays through the manufacturer’s representatives across North America. The company was founded by Edward V. Sundt in 1927 and is headquartered in Chicago, IL.

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