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Jefferies initates Littelfuse, Inc. (LFUS) rating to a Hold

In a filing, Littelfuse, Inc. revealed its Executive VP, CFO Sethna Meenal unloaded Company’s shares for reported $1.57 million on May 13 ’24. In the deal valued at $256.49 per share,6,114 shares were sold. As a result of this transaction, Sethna Meenal now holds 22,432 shares worth roughly $5.63 million.

Then, Stafford Ryan K sold 2,219 shares, generating $568,796 in total proceeds. Upon selling the shares at $256.33, the EVP, CLO & Corp Secretary now owns 24,437 shares.

Before that, Nayar Deepak sold 1,305 shares. Littelfuse, Inc. shares valued at $326,571 were divested by the SVP & GM Electronics Business at a price of $250.25 per share. As a result of the transaction, Nayar Deepak now holds 4,630 shares, worth roughly $1.16 million.

Jefferies initiated its Littelfuse, Inc. [LFUS] rating to a Hold in a research note published on April 09, 2024; the price target was $260. A number of analysts have revised their coverage, including Cowen’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Market perform”. The Benchmark Company began covering LFUS with “Hold” recommendation on September 22, 2022. Robert W. Baird revised its rating on July 06, 2022. It rated LFUS as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of LFUS

On Tuesday, Littelfuse, Inc. [NASDAQ:LFUS] saw its stock fall -2.54% to $250.97. Over the last five days, the stock has lost -2.53%. Littelfuse, Inc. shares have fallen nearly -6.20% since the year began. Nevertheless, the stocks have fallen -1.55% over the past one year. While a 52-week high of $309.94 was reached on 01/02/24, a 52-week low of $212.80 was recorded on 05/01/24. SMA at 50 days reached $237.15, while 200 days put it at $243.84. A total of 0.24 million shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For LFUS Stock

The 24-hour chart illustrates a support level at 248.15, which if violated will result in even more drops to 245.32. On the upside, there is a resistance level at 256.60. A further resistance level may holdings at 262.23. The Relative Strength Index (RSI) on the 14-day chart is 59.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.18%. Stochastics %K at 87.15% indicates the stock is a selling.

The most recent change occurred on December 08, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $330.

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