Stifel Nicolaus analyst Matthew Sheerin maintained a Hold rating on Littelfuse (LFUS – Research Report) yesterday and set a price target of $260.00. The company’s shares closed last Tuesday at $224.38.
According to TipRanks.com, Sheerin is a 5-star analyst with an average return of 14.9% and a 64.6% success rate. Sheerin covers the Technology sector, focusing on stocks such as Vishay Intertechnology, Arrow Electronics, and TE Connectivity.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Littelfuse with a $298.00 average price target.
Littelfuse’s market cap is currently $5.76B and has a P/E ratio of 20.48.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LFUS in relation to earlier this year. Most recently, in January 2022, Anthony Grillo, a Director at LFUS bought 1,447 shares for a total of $139,129.
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. The company offers electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems. It operates through the following segments: Electronics, Automotive, and Industrial. 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 Industrial segment consists of power fuses and holders, protection relays and controls and other circuit protection products for use in various industrial applications such as oil, gas, mining, alternative energy, electric vehicle infrastructure, non-residential construction, HVAC systems, elevators and other industrial equipment. The company was founded by Edward V. Sundt in 1927 and is headquartered in Chicago, IL.
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