Oppenheimer upgraded shares of Littelfuse (NASDAQ:LFUS) from a market perform rating to an outperform rating in a report released on Tuesday, Marketbeat Ratings reports. The brokerage currently has $215.00 price target on the technology company’s stock.

Several other equities research analysts have also recently weighed in on LFUS. Zacks Investment Research raised Littelfuse from a sell rating to a hold rating in a research report on Tuesday, November 6th. BidaskClub upgraded Littelfuse from a sell rating to a hold rating in a research note on Saturday, December 1st. ValuEngine upgraded Littelfuse from a sell rating to a hold rating in a research note on Thursday, November 1st. Barrington Research restated a hold rating on shares of Littelfuse in a research note on Monday, October 29th. Finally, CL King set a $248.00 target price on Littelfuse and gave the company a buy rating in a research note on Tuesday, September 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $233.75.

LFUS opened at $183.43 on Tuesday. Littelfuse has a 1-year low of $155.15 and a 1-year high of $238.10. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.46 and a quick ratio of 2.65. The company has a market capitalization of $4.54 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, October 31st. The technology company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.09. Littelfuse had a return on equity of 17.35% and a net margin of 7.47%. The company had revenue of $439.20 million during the quarter, compared to analysts’ expectations of $441.62 million. During the same period in the prior year, the business earned $2.12 earnings per share. Littelfuse’s revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, sell-side analysts predict that Littelfuse will post 9.56 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in LFUS. Parallel Advisors LLC raised its stake in Littelfuse by 496.3% during the third quarter. Parallel Advisors LLC now owns 644 shares of the technology company’s stock worth $127,000 after acquiring an additional 536 shares in the last quarter. First Hawaiian Bank acquired a new position in Littelfuse during the third quarter worth $188,000. Segment Wealth Management LLC acquired a new position in Littelfuse during the third quarter worth $214,000. Gideon Capital Advisors Inc. raised its stake in Littelfuse by 41.0% during the third quarter. Gideon Capital Advisors Inc. now owns 1,265 shares of the technology company’s stock worth $250,000 after acquiring an additional 368 shares in the last quarter. Finally, We Are One Seven LLC acquired a new position in Littelfuse during the third quarter worth $259,000. Hedge funds and other institutional investors own 95.67% of the company’s stock.

About Littelfuse

Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.

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