Littelfuse (NASDAQ:LFUS) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $233.00 price objective for the company in a research report on Wednesday, March 7th. ValuEngine upgraded Littelfuse from a “hold” rating to a “buy” rating in a report on Thursday, May 3rd. Finally, Barrington Research restated a “hold” rating on shares of Littelfuse in a report on Tuesday, May 1st. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Littelfuse currently has a consensus rating of “Hold” and a consensus price target of $212.75.
Littelfuse opened at $223.33 on Tuesday, MarketBeat.com reports. The stock has a market cap of $5.58 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.95 and a beta of 1.04. Littelfuse has a 52 week low of $161.65 and a 52 week high of $238.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.68 and a quick ratio of 2.68.
Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, May 2nd. The technology company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.58. The firm had revenue of $417.81 million during the quarter, compared to analysts’ expectations of $391.22 million. Littelfuse had a return on equity of 18.83% and a net margin of 8.62%. The firm’s quarterly revenue was up 46.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 EPS. sell-side analysts forecast that Littelfuse will post 9.53 earnings per share for the current year.
In other Littelfuse news, EVP Ryan K. Stafford sold 3,243 shares of Littelfuse stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $223.00, for a total value of $723,189.00. Following the completion of the sale, the executive vice president now owns 24,331 shares in the company, valued at approximately $5,425,813. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Deepak Nayar sold 7,047 shares of Littelfuse stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $209.05, for a total value of $1,473,175.35. Following the completion of the sale, the senior vice president now owns 7,881 shares of the company’s stock, valued at approximately $1,647,523.05. The disclosure for this sale can be found here. Insiders sold a total of 28,771 shares of company stock valued at $6,372,029 in the last 90 days. 3.80% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of LFUS. UBS Asset Management Americas Inc. grew its holdings in Littelfuse by 8.5% in the 4th quarter. UBS Asset Management Americas Inc. now owns 12,290 shares of the technology company’s stock valued at $2,431,000 after buying an additional 962 shares during the period. Geode Capital Management LLC grew its holdings in Littelfuse by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 201,108 shares of the technology company’s stock valued at $39,783,000 after buying an additional 507 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Littelfuse in the 4th quarter valued at about $3,358,000. Koch Industries Inc. acquired a new position in shares of Littelfuse in the 4th quarter valued at about $315,000. Finally, Profund Advisors LLC lifted its stake in shares of Littelfuse by 10.7% in the 4th quarter. Profund Advisors LLC now owns 2,617 shares of the technology company’s stock valued at $518,000 after purchasing an additional 252 shares in the last quarter. Institutional investors own 98.09% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, and gas discharge tubes; and semiconductor and power semiconductor products, such as discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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