BidaskClub Downgrades Littelfuse (LFUS) to Hold

Littelfuse (NASDAQ:LFUS) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Littelfuse from a “hold” rating to a “buy” rating and set a $211.00 price target for the company in a research note on Wednesday, September 27th. Robert W. Baird restated a “buy” rating and set a $202.00 price target on shares of Littelfuse in a research note on Tuesday, September 5th. CIBC restated a “market perform” rating on shares of Littelfuse in a research note on Friday, October 13th. Oppenheimer downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Finally, UBS downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Littelfuse currently has a consensus rating of “Hold” and a consensus target price of $211.25.

Shares of Littelfuse (LFUS) traded down $1.95 during trading hours on Tuesday, reaching $194.90. The company’s stock had a trading volume of 141,442 shares, compared to its average volume of 136,335. Littelfuse has a fifty-two week low of $146.94 and a fifty-two week high of $215.00. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.53. The stock has a market cap of $4,483.85, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 1.74 and a beta of 0.91.

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

Several institutional investors have recently added to or reduced their stakes in the business. Fieldpoint Private Securities LLC bought a new position in shares of Littelfuse during the 3rd quarter valued at approximately $4,403,000. Coldstream Capital Management Inc. bought a new position in shares of Littelfuse during the 3rd quarter valued at approximately $204,000. Insight Capital Research & Management Inc. bought a new position in shares of Littelfuse during the 3rd quarter valued at approximately $1,339,000. DF Dent & Co. Inc. grew its stake in shares of Littelfuse by 94.5% during the 3rd quarter. DF Dent & Co. Inc. now owns 2,486 shares of the technology company’s stock valued at $487,000 after acquiring an additional 1,208 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Littelfuse by 7.3% during the 3rd quarter. California Public Employees Retirement System now owns 61,574 shares of the technology company’s stock valued at $12,061,000 after acquiring an additional 4,174 shares during the period. Institutional investors and hedge funds own 99.17% of the company’s stock.

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Littelfuse Company Profile

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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