Littelfuse (NASDAQ:LFUS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Littelfuse is the preferred brand for leading manufacturers around the world, with more than 40 sales, manufacturing and engineering facilities and a global network of distribution channels. Littelfuse products are vital components in virtually every market that uses electrical energy, from consumer electronics to automobiles, commercial vehicles and industrial equipment. They are also expanding into adjacent markets that complement their core business including power distribution centers for mining operations, generator controls and protection for marine applications, heavy-duty switches for commercial vehicles and electromechanical sensors used in the automotive industry. “
LFUS has been the topic of several other research reports. ValuEngine downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Monday, October 8th. BidaskClub downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Friday, July 27th. CL King set a $248.00 target price on shares of Littelfuse and gave the stock a “buy” rating in a report on Tuesday, September 25th. Finally, Barrington Research reissued a “hold” rating on shares of Littelfuse in a report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $252.50.
Shares of NASDAQ:LFUS opened at $186.95 on Tuesday. The company has a current ratio of 3.46, a quick ratio of 2.65 and a debt-to-equity ratio of 0.45. Littelfuse has a 1-year low of $163.43 and a 1-year high of $238.10. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.67 and a beta of 0.95.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, October 31st. The technology company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.09. Littelfuse had a net margin of 7.47% and a return on equity of 17.35%. The business had revenue of $439.20 million for the quarter, compared to the consensus estimate of $441.62 million. During the same quarter in the previous year, the firm earned $2.12 earnings per share. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. On average, equities research analysts predict that Littelfuse will post 9.57 EPS for the current fiscal year.
In other news, Director T J. Chung sold 1,200 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $227.41, for a total value of $272,892.00. Following the transaction, the director now owns 16,940 shares of the company’s stock, valued at $3,852,325.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Cole sold 150 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $227.26, for a total transaction of $34,089.00. Following the completion of the transaction, the senior vice president now directly owns 4,163 shares in the company, valued at approximately $946,083.38. The disclosure for this sale can be found here. Insiders sold 16,384 shares of company stock worth $3,651,417 in the last three months. Insiders own 3.80% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in Littelfuse by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 554,507 shares of the technology company’s stock worth $126,527,000 after purchasing an additional 11,476 shares during the last quarter. Fisher Asset Management LLC increased its position in Littelfuse by 0.4% in the third quarter. Fisher Asset Management LLC now owns 535,731 shares of the technology company’s stock worth $106,016,000 after purchasing an additional 2,128 shares during the last quarter. Principal Financial Group Inc. increased its position in Littelfuse by 9.0% in the first quarter. Principal Financial Group Inc. now owns 510,370 shares of the technology company’s stock worth $106,250,000 after purchasing an additional 42,080 shares during the last quarter. Congress Asset Management Co. MA increased its position in Littelfuse by 1.8% in the third quarter. Congress Asset Management Co. MA now owns 402,460 shares of the technology company’s stock worth $79,643,000 after purchasing an additional 7,100 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Littelfuse by 10.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 320,189 shares of the technology company’s stock worth $63,362,000 after purchasing an additional 31,379 shares during the last quarter. 97.92% of the stock is currently owned by hedge funds and other institutional investors.
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.
Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers
Get a free copy of the Zacks research report on Littelfuse (LFUS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Littelfuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse and related companies with MarketBeat.com's FREE daily email newsletter.