Littelfuse (LFUS) Lowered to Buy at BidaskClub

Littelfuse (NASDAQ:LFUS) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

LFUS has been the topic of several other research reports. Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and set a $202.00 price target on shares of Littelfuse in a research report on Thursday, October 12th. UBS lowered shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 target price on shares of Littelfuse in a research report on Friday, October 6th. Finally, Oppenheimer lowered shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Littelfuse currently has a consensus rating of “Hold” and an average price target of $211.25.

Shares of Littelfuse (NASDAQ:LFUS) opened at $194.52 on Wednesday. The company has a market cap of $4,574.70, a price-to-earnings ratio of 26.93, a P/E/G ratio of 1.77 and a beta of 0.91. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.53. Littelfuse has a 52-week low of $146.60 and a 52-week high of $215.00.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.14. The company had revenue of $317.90 million for the quarter, compared to analyst estimates of $319.20 million. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $1.87 earnings per share. equities analysts expect that Littelfuse will post 7.57 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in LFUS. Bank of Montreal Can grew its position in shares of Littelfuse by 15.1% in the second quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock valued at $107,000 after purchasing an additional 85 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of Littelfuse by 16.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock valued at $112,000 after purchasing an additional 95 shares during the period. Turner Investments LLC acquired a new stake in shares of Littelfuse in the third quarter valued at about $147,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Littelfuse by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock valued at $149,000 after purchasing an additional 72 shares during the period. Finally, Advisor Group Inc. grew its position in shares of Littelfuse by 4.6% in the second quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 99.17% of the company’s stock.

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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.

Analyst Recommendations for Littelfuse (NASDAQ:LFUS)

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