Positive News Coverage Somewhat Likely to Impact Littelfuse (LFUS) Stock Price

News coverage about Littelfuse (NASDAQ:LFUS) has trended positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Littelfuse earned a coverage optimism score of 0.27 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 59 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Shares of Littelfuse (LFUS) traded down 0.47% during mid-day trading on Friday, reaching $179.57. 111,497 shares of the company traded hands. Littelfuse has a 52-week low of $114.76 and a 52-week high of $188.19. The company’s 50 day moving average is $170.04 and its 200 day moving average is $162.04. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 33.00 and a beta of 0.94.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, May 3rd. The technology company reported $1.69 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.05. The business had revenue of $285.44 million for the quarter, compared to analyst estimates of $284.95 million. Littelfuse had a return on equity of 18.47% and a net margin of 11.06%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. On average, equities analysts forecast that Littelfuse will post $7.47 earnings per share for the current year.

Littelfuse announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 3rd that allows the company to repurchase 1,000,000 outstanding shares. This repurchase authorization allows the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Several research analysts have recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $175.00 price target (up previously from $165.00) on shares of Littelfuse in a report on Friday, July 21st. Oppenheimer Holdings, Inc. lifted their price target on Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Robert W. Baird reiterated a “positive” rating and set a $195.00 price target (up previously from $187.00) on shares of Littelfuse in a report on Wednesday, July 19th. BidaskClub lowered Littelfuse from a “hold” rating to a “sell” rating in a report on Friday. Finally, Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $193.00 price target on the stock in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $187.40.

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In other Littelfuse news, SVP Matthew Cole sold 150 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $169.23, for a total value of $25,384.50. Following the sale, the senior vice president now directly owns 3,985 shares of the company’s stock, valued at approximately $674,381.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Deepak Nayar sold 9,545 shares of the firm’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $164.58, for a total value of $1,570,916.10. Following the completion of the sale, the senior vice president now directly owns 5,141 shares in the company, valued at $846,105.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,781 shares of company stock worth $3,079,622. 1.80% of the stock is owned by corporate insiders.

About Littelfuse

Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.

Insider Buying and Selling by Quarter for Littelfuse (NASDAQ:LFUS)

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