Littelfuse, Inc. (NASDAQ:LFUS) - Research analysts at Barrington Research lifted their Q2 2017 earnings per share (EPS) estimates for Littelfuse in a research report issued on Wednesday. Barrington Research analyst G. Prestopino now forecasts that the technology company will earn $2.08 per share for the quarter, up from their previous forecast of $1.90. Barrington Research also issued estimates for Littelfuse’s Q4 2017 earnings at $1.72 EPS, FY2017 earnings at $7.40 EPS, Q2 2018 earnings at $2.21 EPS, Q4 2018 earnings at $1.92 EPS, FY2018 earnings at $8.14 EPS, Q1 2019 earnings at $2.06 EPS, Q2 2019 earnings at $2.48 EPS and FY2019 earnings at $8.97 EPS.
LFUS has been the topic of several other research reports. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $170.00 price target on the stock in a research report on Friday, April 14th. Robert W. Baird reaffirmed a “positive” rating and set a $195.00 price target (up previously from $187.00) on shares of Littelfuse in a research report on Wednesday. BidaskClub cut shares of Littelfuse from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of Littelfuse from $185.00 to $200.00 in a research report on Wednesday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $190.50.
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Shares of Littelfuse (NASDAQ:LFUS) opened at 184.40 on Thursday. Littelfuse has a 52-week low of $114.76 and a 52-week high of $188.19. The firm has a market cap of $4.18 billion, a PE ratio of 33.89 and a beta of 0.94. The stock’s 50 day moving average price is $167.37 and its 200-day moving average price is $160.81.
Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, May 3rd. The technology company reported $1.69 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.05. Littelfuse had a return on equity of 18.47% and a net margin of 11.06%. The business had revenue of $285.44 million for the quarter, compared to analysts’ expectations of $284.95 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The business’s revenue was up 30.1% compared to the same quarter last year.
Littelfuse announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 3rd that permits the company to repurchase 1,000,000 outstanding shares. This repurchase authorization permits the technology company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
In related news, SVP Deepak Nayar sold 9,545 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $164.58, for a total transaction of $1,570,916.10. Following the sale, the senior vice president now owns 5,141 shares in the company, valued at $846,105.78. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Dieter Roeder sold 8,490 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $163.06, for a total transaction of $1,384,379.40. Following the sale, the senior vice president now owns 7,143 shares in the company, valued at approximately $1,164,737.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,781 shares of company stock worth $3,079,622. 1.80% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. First Midwest Bank Trust Division raised its stake in Littelfuse by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 2,274 shares of the technology company’s stock valued at $364,000 after buying an additional 73 shares during the period. Nationwide Fund Advisors raised its stake in Littelfuse by 1.0% in the first quarter. Nationwide Fund Advisors now owns 103,886 shares of the technology company’s stock valued at $16,612,000 after buying an additional 1,076 shares during the period. First National Bank of Omaha raised its stake in shares of Littelfuse by 15.9% in the first quarter. First National Bank of Omaha now owns 27,970 shares of the technology company’s stock valued at $4,473,000 after buying an additional 3,847 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Littelfuse by 1.1% in the first quarter. State Treasurer State of Michigan now owns 9,200 shares of the technology company’s stock valued at $1,471,000 after buying an additional 100 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Littelfuse by 6.9% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,005 shares of the technology company’s stock valued at $2,399,000 after buying an additional 972 shares during the last quarter. Hedge funds and other institutional investors own 95.90% of the company’s stock.
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.
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