Littelfuse (NASDAQ:LFUS) Stock, Quote.Headers.trade-ideas

Littelfuse

Littelfuse is a primary provider of circuit protection products (such as fuses and relays) into the transportation, industrial, telecommunications, and consumer electronics end markets. The firm is also increasing its power semiconductor business, where it predominantly serves industrial end markets and is breaking into electric vehicle charging infrastructure. Littelfuse has 17,000 global employees.

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Investors are expanding their AI horizons beyond Nvidia (NASDAQ: NVDA) after its stellar results. AI&#39;s growth impacts more than just chipmakers; sectors like electrical components (Amphenol Corp.), data centers, utilities, and power grid companies are also benefiting. Goldman Sachs highlights diversified AI investments, with companies like Littelfuse Inc. and AES Corp. gaining traction. AI-exposed stocks have surged this year, reflecting robust demand and market interest.

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Littelfuse Inc

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) is losing a <a href="https://www.benzinga.com/quote/NNE/news">&#8220;lot of money.&#8221;</a>
On Oct. 1, NANO Nuclear Energy said Carlos O. Maidana has been named as the company&#8217;s head of thermal hydraulics and space program.
Cramer recommended buying McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>). &#8220;I'm ready to start buying, don't buy all at once.&#8221;
On Sept. 25, Deutsche Bank analyst George Hill maintained McKesson with a Buy and lowered the price target from $623 to $579.
Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) is a &#8220;little too much oil for me," Cramer said.
On Oct 1, Wells Fargo analyst Roger Read maintained Diamondback Energy with an Overweight and lowered the price target from $230 to $219.
&#8220;It's got a huge multiple for its growth rate, and that is worrisome to me. I'm going to have to say we got to come back with something that is less expensive,&#8221; Cramer said when asked about Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>).
On Aug. 29, Baird analyst Luke Junk maintained Littelfuse with an Outperform and raised the price target from $300 to $315.
Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) is a &#8220;value trap,&#8221; Cramer said.
On Sept. 9, UBS analyst Manav Gupta maintained Archer-Daniels Midland with a Neutral and raised the price target from $60 to $64.
Price Action:
<ul>
<li>NANO Nuclear Energy shares gained 14.8% to settle at $16.54 on Tuesday.</li>
<li>McKesson shares gained 0.8% to close at $498.48 during the session.</li>
<li>Diamondback shares gained 3% to close at $177.52 during Tuesday's session.</li>
<li>Littelfuse shares fell 1.7% to settle at $260.64 on Tuesday.</li>
<li>Archer-Daniels-Midland shares fell 0.4% to close at $59.52 on Tuesday.</li>
</ul>
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Jim Cramer: This Consumer Defensive Stock Is A Buy, Archer-Daniels-Midland Is A 'Value Trap'

Maggie Chu, SVP at Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>), reported an insider sell on August 29, according to a new SEC filing. 
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000889331/000088933124000169//Archives/edgar/data/889331/000088933124000169/0000889331-24-000169-index.htm">U.S. Securities and Exchange Commission</a> on Thursday outlined that Chu executed a sale of 1,234 shares of Littelfuse with a total value of $336,837.
During Friday's morning session, Littelfuse shares down by 0.0%, currently priced at $269.62.
<h3>Unveiling the Story Behind Littelfuse</h3>
Littelfuse is a primary provider of circuit protection products (such as fuses and relays) into the transportation, industrial, telecommunications, and consumer electronics end markets. The firm is also increasing its power semiconductor business, where it predominantly serves industrial end markets and is breaking into electric vehicle charging infrastructure. Littelfuse has 17,000 global employees.
<h3>Breaking Down Littelfuse's Financial Performance</h3>
Negative Revenue Trend: Examining Littelfuse's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -8.74% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company excels with a remarkable gross margin of 37.06%, indicating superior cost efficiency and profitability compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Littelfuse's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.83.
</li>
</ul>
Debt Management: Littelfuse's debt-to-equity ratio is below the industry average. With a ratio of 0.37, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Littelfuse's current Price to Earnings (P/E) ratio of 34.74 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 3.03 is above industry norms, reflecting an elevated valuation for Littelfuse's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio of 16.61, the company's market valuation exceeds industry averages.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Uncovering the Importance of Insider Activity</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Unlocking the Meaning of Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000889331">Check Out The Full List Of Littelfuse's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Littelfuse SVP Trades $336K In Company Stock

Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) has been analyzed by 5 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Littelfuse and provided 12-month price targets. The average target is $275.0, accompanied by a high estimate of $315.00 and a low estimate of $250.00. Observing a 4.96% increase, the current average has risen from the previous average price target of $262.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1724932860_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Littelfuse. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Luke Junk</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$315.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$280.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Karl Ackerman</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$260.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$270.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$250.00</td>
<td>$240.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Littelfuse. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Littelfuse compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Littelfuse's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Littelfuse's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LFUS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Littelfuse analyst ratings.</a>
<h2>About Littelfuse</h2>
Littelfuse is a primary provider of circuit protection products (such as fuses and relays) into the transportation, industrial, telecommunications, and consumer electronics end markets. The firm is also increasing its power semiconductor business, where it predominantly serves industrial end markets and is breaking into electric vehicle charging infrastructure. Littelfuse has 17,000 global employees.
<h3>A Deep Dive into Littelfuse's Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Littelfuse's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -8.74%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Littelfuse's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.14% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Littelfuse's ROE stands out, surpassing industry averages. With an impressive ROE of 1.84%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.16%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.37, Littelfuse adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring Littelfuse Through Analyst Insights

Baird analyst Luke Junk maintains Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) with a Outperform and raises the price target from $300 to $315.

Price Target

Baird Maintains Outperform on Littelfuse, Raises Price Target to $315

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our<a href="https://www.benzinga.com/analyst-stock-ratings"> analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4055351b9b00018beea7/tim-long">Barclays analyst Tim Long</a> upgraded the rating for Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) from Underweight to Equal-Weight and announced a price target of $97. Dell shares gained 2.9% to close at $95.27 on Monday. <a href="https://www.benzinga.com/quote/DELL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup analyst Thomas Palmer upgraded Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) from Neutral to Buy and raised the price target from $33 to $37. Hormel shares fell 2.4% to close at $31.25 on Monday. <a href="https://www.benzinga.com/quote/HRL/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b59ca9b85e930001267b82/david-tarantino">Baird analyst David Tarantino</a> upgraded the rating for Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) from Neutral to Outperform and boosted the price target from $81 to $110. Starbucks shares closed at $77.03 on Monday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Ladenburg Thalmann analyst Paul Fremont upgraded Alliant Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NASDAQ">LNT</a>) from Neutral to Buy, while increasing the price target from $50 to $62.5. Alliant Energy shares closed at $55.96 on Monday. <a href="https://www.benzinga.com/quote/LNT/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59f1c1bcefacff0001706782/matthew-sheerin">Stifel analyst Matthew Sheerin</a> upgraded the rating for Littelfuse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) from Hold to Buy and increased the price target from $270 to $280. Littelfuse shares closed at $240.71 on Monday. <a href="https://www.benzinga.com/quote/LFUS/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
</ul>
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Analysts' ratings for Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Littelfuse and provided 12-month price targets. The average target is $272.0, accompanied by a high estimate of $300.00 and a low estimate of $250.00. Marking an increase of 6.25%, the current average surpasses the previous average price target of $256.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1723550495_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Littelfuse is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$280.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Karl Ackerman</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$260.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$270.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Matthew Sheerin</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$250.00</td>
<td>$240.00</td>
</tr>
<tr>
<td>Luke Junk</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$270.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Littelfuse. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Littelfuse compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Littelfuse's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Littelfuse's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LFUS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Littelfuse analyst ratings.</a>
<h2>About Littelfuse</h2>
Littelfuse is a primary provider of circuit protection products (such as fuses and relays) into the transportation, industrial, telecommunications, and consumer electronics end markets. The firm is also increasing its power semiconductor business, where it predominantly serves industrial end markets and is breaking into electric vehicle charging infrastructure. Littelfuse has 17,000 global employees.
<h3>Breaking Down Littelfuse's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Littelfuse's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -8.74%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 8.14%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Littelfuse's ROE stands out, surpassing industry averages. With an impressive ROE of 1.84%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Littelfuse's ROA stands out, surpassing industry averages. With an impressive ROA of 1.16%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.37, Littelfuse adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

5 Analysts Assess Littelfuse: What You Need To Know

Stifel analyst Matthew Sheerin upgrades Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) from Hold to Buy and raises the price target from $270 to $280.

Stifel Upgrades Littelfuse to Buy, Raises Price Target to $280

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Next Technology Holding Inc. - Ordinary Shares

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Shares of companies in the broader technology sector are trading lower amid an overall market selloff following weak US jobs data. Weakness in Amazon and Intel has also weighed on the tech sector.

TD Cowen analyst Karl Ackerman maintains Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) with a Hold and raises the price target from $250 to $260.

TD Cowen Maintains Hold on Littelfuse, Raises Price Target to $260

Stifel analyst Matthew Sheerin maintains Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) with a Hold and raises the price target from $250 to $270.

Stifel Maintains Hold on Littelfuse, Raises Price Target to $270

Adjusted Effective Tax Rate Approximately 26%

Earnings

Guidance

Littlefuse Net Sales Expected Between $540M - $570M; Adjusted Diluted EPS Between $1.95 - $2.15

Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) reported quarterly earnings of $1.97 per share which beat the analyst consensus estimate of $1.75 by 12.57 percent. The company reported quarterly sales of $558.49 million which beat the analyst consensus estimate of $540.31 million by 3.36 percent. This is a 8.74 percent decrease over sales of $612.00 million the same period last year.

Earnings Beats

Littelfuse Q2 2024 Adj EPS $1.97 Beats $1.75 Estimate, Sales $558.49M Beat $540.31M Estimate

Stifel analyst Matthew Sheerin maintains Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) with a Hold and raises the price target from $240 to $250.

Stifel Maintains Hold on Littelfuse, Raises Price Target to $250

Investors are broadening their horizons, seeking the next wave of AI winners beyond the typical frontrunners after&nbsp;Nvidia Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reported stellar results, reflecting Wall Street&#8217;s intense focus on artificial intelligence.
There is an increasing realization that the growth of AI infrastructure will impact more than just chipmakers like Nvidia and server manufacturers such as&nbsp;Super Micro Computers Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
Various sectors are expected to benefit, including makers of electrical components like&nbsp;Amphenol Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>), as well as real estate investment trusts focused on data centers, which anticipate rising demand with the expansion of AI and the shift of more workloads to the cloud,&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-24/investors-cast-wider-net-for-ai-winners-after-nvidia-delivers?srnd=technology-ai&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>&nbsp;writes.
The energy needed to power AI is also expected to benefit utilities and companies connected to the power grid.
&#8220;I never believed it would impact electricity prices this much, but people are discussing multi-gigawatt expansions,&#8221;&nbsp;Brian Frank, president of&nbsp;Frank Capital Partners, told Bloomberg.
He noted AI&#8217;s significant influence on his energy and utility stock portfolio. AI is considered the current growth engine across various sectors.
Goldman Sachs strategists highlight that hedge funds are diversifying their AI-related investments, reducing their stakes in the Magnificent Seven while increasing exposure to infrastructure and utility sub-industries.
Companies gaining popularity include&nbsp;Littelfuse Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>), an electric utility&nbsp;AES Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>), and technology supply chain services firm&nbsp;TD Synnex Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>).
A Goldman Sachs basket tracking growing power demand has surged 40% this year, with a 0.8% rise on Friday.
In contrast, AI-exposed hardware stocks increased by 27%, including a 0.7% gain on Friday. The Bloomberg Magnificent 7 Total Return Index has grown 24%, and the Nasdaq 100 Index has risen 11%.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/social-media/24/05/38994463/nvidias-all-time-high-sparks-social-media-frenzy-just-waiting-for-the-incoming-gravy" rel="noreferrer noopener">Nvidia&#8217;s All-Time High Sparks Social Media Frenzy: &#8216;Just Waiting For The Incoming Gravy&#8217;</a>
Bank of America&nbsp;Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) asserts that AI investments are no longer solely about Nvidia, predicting a virtuous cycle of AI-related growth benefiting power, commodities, and utilities.
Less prominent AI stocks like Amphenol have climbed 40% this year, hitting record highs and splitting stocks.
AES has risen 30% since April, while TD Synnex&nbsp;is poised&nbsp;for its largest monthly gain since November 2022. Power producer&nbsp;Vistra Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) has soared 150% as AI fuels electricity demand.&nbsp;AXT Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>), a maker of compound semiconductor substrates, is up 35% this year after post-earnings rallies.
Nvidia, a key player in AI, has surged over 90% this year, underscoring robust demand.
Other major AI companies, such as&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>),&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and&nbsp;Alphabet Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), have also seen double-digit gains.
Despite their strong performance, greater growth potential may lie with smaller or lesser-known stocks.
Notably, while&nbsp;Intel Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) was larger than Nvidia as recently as 2020, their paths have diverged.
Nvidia&#8217;s market cap exceeds $2.5 trillion, compared to Intel&#8217;s $128 billion. Nvidia&#8217;s recent 9.3% rally&nbsp;alone&nbsp;added nearly $218 billion to its valuation, more than Intel&#8217;s total market value.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/24/05/38997534/nvidias-market-dominance-seems-bubbly-says-renowned-wall-street-investor-rob-arnott" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Market Dominance &#8216;Seems Bubbly,&#8217; Says Renowned Wall Street Investor Rob Arnott</a>
Image Via Shutterstock

Hedge funds made strategic adjustments to their portfolios throughout <a href="https://www.benzinga.com/general/hedge-funds">the first quarter of 2024</a>.
Firms are looking for high-return opportunities beyond the <a href="https://www.benzinga.com/topic/magnificent-seven">mega-cap tech giants</a> preferring to focus on cyclical sectors and artificial intelligence (AI)-related infrastructure stocks.
Except for Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), positions in several &#8216;Magnificent Seven&#8217; stocks — Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) — were trimmed from hedge funds.
Still, the strong performance of the so-called &#8216;Magnificent 7&#8242; tech stocks maintained their weight at 13% of hedge fund long portfolios, according to the latest Goldman Sachs&#8217; Hedge Fund Monitor report.
<h3 class="wp-block-heading">Cyclical Sectors</h3>
In parallel, hedge funds expanded their investments in cyclical sectors, elevating the exposure to Financials.
Information Technology remained the largest net sector weight at the start of Q2 2024. It accounts for 18% of total net exposure. However, it also registered the largest underweight relative to the Russell 3000, with a -913 basis points (bp) difference. Health Care was the largest overweight sector, with a +375 bp difference.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>Hedge Funds&#8217; Net Weight</th>
<th>Russell 3000 Weight</th>
<th>Hedge Fund Net Tilt</th>
</tr>
</thead>
<tbody>
<tr>
<td>Health Care</td>
<td>15.8%</td>
<td>12.0%</td>
<td>+375 bp</td>
</tr>
<tr>
<td>Communication Services</td>
<td>11.0%</td>
<td>8.8%</td>
<td>+226 bp</td>
</tr>
<tr>
<td>Industrials</td>
<td>12.1%</td>
<td>9.9%</td>
<td>+222 bp</td>
</tr>
<tr>
<td>Materials</td>
<td>4.8%</td>
<td>2.7%</td>
<td>+205 bp</td>
</tr>
<tr>
<td>Energy</td>
<td>4.9%</td>
<td>3.8%</td>
<td>+109 bp</td>
</tr>
<tr>
<td>Consumer Discretionary</td>
<td>11.9%</td>
<td>10.8%</td>
<td>+107 bp</td>
</tr>
<tr>
<td>Utilities</td>
<td>2.8%</td>
<td>2.1%</td>
<td>+76 bp</td>
</tr>
<tr>
<td>Financials</td>
<td>13.3%</td>
<td>14.2%</td>
<td>-98 bp</td>
</tr>
<tr>
<td>Real Estate</td>
<td>1.5%</td>
<td>2.6%</td>
<td>-114 bp</td>
</tr>
<tr>
<td>Consumer Staples</td>
<td>4.0%</td>
<td>6.0%</td>
<td>-196 bp</td>
</tr>
<tr>
<td>Information Technology</td>
<td>17.9%</td>
<td>27.0%</td>
<td>-913 bp</td>
</tr>
<tr>
<td>Total</td>
<td>100.0%</td>
<td>100.0%</td>
<td>0 bp</td>
</tr>
</tbody>
</table>
</figure>
There was also a notable rotation towards utilities, reflecting a <a href="https://www.benzinga.com/topic/artificial-intelligence">broader AI investment focus</a>. 
In particular, hedge funds have shown a keen interest in Phase 2 Infrastructure stocks within the AI sector. Among the companies that have seen the largest increase in hedge fund popularity, are:
<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)</li>
<li>TD Synnex Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>)</li>
<li>AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>)</li>
<li>Littelfuse Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) </li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38927907/ai-driven-rally-set-to-expand-to-power-commodities-utilities-its-not-just-about-nvi">AI-Driven Rally Set To Expand To Power, Commodities, Utilities: &#8216;It&#8217;s Not Just About Nvidia Anymore&#8217;</a>
<h3 class="wp-block-heading">Most Popular Hedge Funds&#8217; Increase In AI Universe During Q1 2024</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Subsector</td>
</tr>
<tr>
<td>Marvell Technology, Inc.</td>
<td>Semiconductors</td>
</tr>
<tr>
<td>TD SYNNEX Corporation</td>
<td>Technology Distributors</td>
</tr>
<tr>
<td>Apple Inc.</td>
<td>Technology Hardware Storage &amp; Peripherals</td>
</tr>
<tr>
<td>AES Corporation</td>
<td>Independent Power Producers &amp; Energy Traders</td>
</tr>
<tr>
<td>Littelfuse, Inc.</td>
<td>Electronic Components</td>
</tr>
<tr>
<td>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</td>
<td>Application Software</td>
</tr>
<tr>
<td>Freeport-McMoRan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) </td>
<td>Copper</td>
</tr>
<tr>
<td>Walgreens Boots Alliance, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NYSE">WBA</a>)</td>
<td>Drug Retail</td>
</tr>
<tr>
<td>Nextracker Inc. Class A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>)</td>
<td>Electrical Components &amp; Equipment</td>
</tr>
<tr>
<td>First American Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FAF#NYSE">FAF</a>)</td>
<td>Property &amp; Casualty Insurance</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Most Concentrated Hedge Fund Holdings In The S&amp;P 500</h3>
The Goldman Sachs&#8217; Hedge Fund Monitor asserts that portfolio concentration among hedge funds remains particularly elevated. 
The typical hedge fund maintains 70% of its long portfolio in the top 10 positions. This trend remained extremely elevated in Q1 2024.
The following table details the top 20 most concentrated hedge fund holdings within the S&amp;P 500, highlighting where hedge funds are investing their capital.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Sector</th>
<th>Sub-sector</th>
<th>% of Equity Cap Owned by Hedge Funds</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bath &amp; Body Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>)</td>
<td>Consumer Discretionary</td>
<td>Other Specialty Retail</td>
<td>27%</td>
</tr>
<tr>
<td>Hess Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>)</td>
<td>Energy</td>
<td>Oil &amp; Gas Exploration &amp; Production</td>
<td>16%</td>
</tr>
<tr>
<td>Ralph Lauren Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>)</td>
<td>Consumer Discretionary</td>
<td>Apparel Accessories &amp; Luxury Goods</td>
<td>15%</td>
</tr>
<tr>
<td>Expedia Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NYSE">EXPE</a>)</td>
<td>Consumer Discretionary</td>
<td>Hotels, Resorts &amp; Cruise Lines</td>
<td>14%</td>
</tr>
<tr>
<td>Universal Health Svc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>)</td>
<td>Health Care</td>
<td>Health Care Facilities</td>
<td>14%</td>
</tr>
<tr>
<td>Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>)</td>
<td>Information Technology</td>
<td>Technology Hardware, Storage &amp; Peripherals</td>
<td>13%</td>
</tr>
<tr>
<td>NRG Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</td>
<td>Utilities</td>
<td>Electric Utilities</td>
<td>13%</td>
</tr>
<tr>
<td>Invesco Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>)</td>
<td>Financials</td>
<td>Asset Management &amp; Custody Banks</td>
<td>13%</td>
</tr>
<tr>
<td>Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</td>
<td>Utilities</td>
<td>Independent Power Producers &amp; Energy Traders</td>
<td>13%</td>
</tr>
<tr>
<td>Caesars Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NYSE">CZR</a>)</td>
<td>Consumer Discretionary</td>
<td>Casinos &amp; Gaming</td>
<td>12%</td>
</tr>
<tr>
<td>Evergy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVRG#NASDAQ">EVRG</a>)</td>
<td>Utilities</td>
<td>Electric Utilities</td>
<td>12%</td>
</tr>
<tr>
<td>Catalent Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTLT#NYSE">CTLT</a>)</td>
<td>Health Care</td>
<td>Pharmaceuticals</td>
<td>11%</td>
</tr>
<tr>
<td>Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>)</td>
<td>Information Technology</td>
<td>Communications Equipment</td>
<td>11%</td>
</tr>
<tr>
<td>Dollar Tree Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NYSE">DLTR</a>)</td>
<td>Consumer Staples</td>
<td>Consumer Staples Merchandise Retail</td>
<td>11%</td>
</tr>
<tr>
<td>NiSource Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NI#NYSE">NI</a>)</td>
<td>Utilities</td>
<td>Multi-Utilities</td>
<td>10%</td>
</tr>
<tr>
<td>Incyte Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>)</td>
<td>Health Care</td>
<td>Biotechnology</td>
<td>10%</td>
</tr>
<tr>
<td>Lamb Weston Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>)</td>
<td>Consumer Staples</td>
<td>Packaged Foods &amp; Meats</td>
<td>10%</td>
</tr>
<tr>
<td>Qorvo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>)</td>
<td>Information Technology</td>
<td>Semiconductors</td>
<td>10%</td>
</tr>
<tr>
<td>Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>)</td>
<td>Financials</td>
<td>Consumer Finance</td>
<td>10%</td>
</tr>
<tr>
<td>Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>)</td>
<td>Health Care</td>
<td>Managed Health Care</td>
<td>10%</td>
</tr>
</tbody>
</table>
</figure>
Now Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38991084/inflation-stresses-retail-traders-as-fed-cuts-look-unlikely-crypto-doubts-increase-survey">Inflation Stresses Retail Traders As Fed Cuts Look Unlikely, Crypto Doubts Increase: Survey</a>
Image: Shutterstock

Equities

Large Cap

Hedge Funds

AAPL

ADBE

AMZN

BBWI

CTLT

DLTR

EVRG

EXPE

INCY

JNPR

MRVL

QRVO

Hedge Funds Tweak Portfolios In Q1: Marvell, TD Synnex, AES Get More Love As Focus Shifts To AI

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Baird analyst Luke Junk upgraded Littelfuse, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) from Neutral to Outperform, while raising the price target from $270 to $300. Littelfuse shares fell 1.6% to close at $249.45 on Thursday. <a href="https://www.benzinga.com/quote/LFUS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities analyst Craig Siegenthaler upgraded the rating for Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) from Underperform to Buy, while increasing the price target from $14 to $24. Robinhood shares slipped 3.4% to settle at $17.90 on Thursday. <a href="https://www.benzinga.com/quote/HOOD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BTIG analyst Peter Saleh upgraded Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) from Neutral to Buy and announced a $175 price target.. Darden Restaurants shares fell 0.2% to settle at $151.42 on Thursday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/DRI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wolfe Research analyst Scott Group upgraded the rating for United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) from Peer Perform to Outperform, while announcing a $76 price target. United Airlines shares fell 0.3% to close at $54.78 on Thursday. <a href="https://www.benzinga.com/quote/UAL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Berenberg analyst Nay Soe Naing upgraded Aspen Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZPN#NASDAQ">AZPN</a>) from Hold to Buy, while boosting the price target from $185 to $255. Aspen Technology shares fell 3.4% to settle at $213.88 on Thursday. <a href="https://www.benzinga.com/quote/AZPN/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38892423/qualcomm-morgan-stanley-and-2-other-stocks-insiders-are-selling">Qualcomm, Morgan Stanley And 2 Other Stocks Insiders Are Selling</a>

AZPN

HOOD

This Robinhood Analyst Turns Bullish; Here Are Top 5 Upgrades For Today.

Baird analyst Luke Junk upgrades Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) from Neutral to Outperform and raises the price target from $270 to $300.

Baird Upgrades Littelfuse to Outperform, Raises Price Target to $300

Revealing a significant insider sell on May 9, Ryan Stafford, EVP at Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>), as per the latest SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000889331/000088933124000133//Archives/edgar/data/889331/000088933124000133/0000889331-24-000133-index.htm">U.S. Securities and Exchange Commission</a> on Thursday outlined that Stafford executed a sale of 2,219 shares of Littelfuse with a total value of $568,796.
Littelfuse shares are trading down 0.0% at $255.99 at the time of this writing on Thursday morning.
<h3>Discovering Littelfuse: A Closer Look</h3>
Littelfuse is a primary provider of circuit protection products (such as fuses and relays) into the transportation, industrial, telecommunications, and consumer electronics end markets. The firm is also increasing its power semiconductor business, where it predominantly serves industrial end markets and is breaking into electric vehicle charging infrastructure. Littelfuse has 17,000 global employees.
<h3>Financial Milestones: Littelfuse's Journey</h3>
Revenue Challenges: Littelfuse's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -12.2%. This indicates a decrease in top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 35.08%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 1.95, Littelfuse showcases strong earnings per share.
</li>
</ul>
Debt Management: Littelfuse's debt-to-equity ratio stands notably higher than the industry average, reaching 0.38. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Littelfuse's stock is currently priced at a premium level, as reflected in the higher-than-average P/E ratio of 29.32.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 2.81 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Littelfuse's EV/EBITDA ratio of 14.89 exceeds industry averages, indicating a premium valuation in the market
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>Illuminating the Importance of Insider Transactions</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000889331">Check Out The Full List Of Littelfuse's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Littelfuse EVP Trades $568K In Company Stock

Benchmark analyst David Williams reiterates Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) with a Hold.

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