Shares of Littelfuse, Inc. (NASDAQ:LFUS) have received a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $226.00.
Several analysts have recently issued reports on LFUS shares. Oppenheimer raised shares of Littelfuse from a “market perform” rating to an “outperform” rating and set a $215.00 price target on the stock in a research report on Tuesday. Zacks Investment Research upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Barrington Research restated a “hold” rating on shares of Littelfuse in a research note on Monday, October 29th. BidaskClub upgraded shares of Littelfuse from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, ValuEngine upgraded shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st.
Shares of LFUS opened at $183.76 on Tuesday. The stock has a market cap of $4.54 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 1.45 and a beta of 0.99. Littelfuse has a 1 year low of $155.15 and a 1 year high of $238.10. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.65 and a current ratio of 3.46.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, October 31st. The technology company reported $2.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.40 by $0.09. The business had revenue of $439.20 million for the quarter, compared to analysts’ expectations of $441.62 million. Littelfuse had a net margin of 7.47% and a return on equity of 17.35%. The business’s quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.12 earnings per share. As a group, analysts predict that Littelfuse will post 9.56 EPS for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Littelfuse by 2.4% during the third quarter. Vanguard Group Inc. now owns 2,167,434 shares of the technology company’s stock worth $428,914,000 after buying an additional 51,769 shares during the period. Vanguard Group Inc increased its stake in shares of Littelfuse by 2.4% during the third quarter. Vanguard Group Inc now owns 2,167,434 shares of the technology company’s stock worth $428,914,000 after buying an additional 51,769 shares during the period. BlackRock Inc. increased its stake in Littelfuse by 1.4% in the third quarter. BlackRock Inc. now owns 2,155,821 shares of the technology company’s stock valued at $426,616,000 after purchasing an additional 29,026 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Littelfuse by 2.6% in the third quarter. Neuberger Berman Group LLC now owns 1,307,578 shares of the technology company’s stock valued at $258,757,000 after purchasing an additional 33,590 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 valued at $126,527,000 after purchasing an additional 11,476 shares during the last quarter. Hedge funds and other institutional investors own 95.67% 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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