Littelfuse (NASDAQ:LFUS) Shares Gap Up After Better-Than-Expected Earnings

Littelfuse, Inc. (NASDAQ:LFUS) shares gapped up prior to trading on Wednesday following a stronger than expected earnings report. The stock had previously closed at $392.05, but opened at $419.06. Littelfuse shares last traded at $421.3730, with a volume of 60,879 shares.

The technology company reported $4.19 EPS for the quarter, topping analysts’ consensus estimates of $3.78 by $0.41. The firm had revenue of $738.78 million for the quarter, compared to the consensus estimate of $703.38 million. Littelfuse had a positive return on equity of 11.62% and a negative net margin of 1.61%.The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 earnings per share. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS.

Analysts Set New Price Targets

A number of brokerages have recently commented on LFUS. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Littelfuse in a research note on Friday, July 10th. Oppenheimer boosted their target price on shares of Littelfuse from $430.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Zacks Research downgraded shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of Littelfuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Williams Trading set a $520.00 price objective on shares of Littelfuse in a report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $465.83.

Insider Buying and Selling at Littelfuse

In other Littelfuse news, SVP Maggie Chu sold 11,397 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $435.48, for a total transaction of $4,963,165.56. Following the completion of the transaction, the senior vice president directly owned 6,001 shares in the company, valued at approximately $2,613,315.48. This represents a 65.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony Grillo sold 3,000 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $451.96, for a total transaction of $1,355,880.00. Following the transaction, the director directly owned 64,928 shares in the company, valued at approximately $29,344,858.88. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 14,679 shares of company stock valued at $6,430,971. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Key Capital Management INC acquired a new stake in Littelfuse in the 4th quarter worth about $25,000. Atlas Capital Advisors Inc. purchased a new stake in Littelfuse during the 4th quarter worth approximately $27,000. V Square Quantitative Management LLC acquired a new position in shares of Littelfuse during the fourth quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of Littelfuse during the third quarter valued at approximately $36,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Littelfuse in the fourth quarter valued at approximately $36,000. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Stock Performance

The company has a quick ratio of 1.82, a current ratio of 2.61 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $444.22 and a two-hundred day moving average price of $386.54. The firm has a market cap of $10.63 billion, a PE ratio of -248.79, a P/E/G ratio of 2.26 and a beta of 1.49.

About Littelfuse

Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.

The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.