Littelfuse (LFUS) Upgraded to “Hold” at BidaskClub

BidaskClub upgraded shares of Littelfuse (NASDAQ:LFUS) from a sell rating to a hold rating in a research report sent to investors on Friday.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Littelfuse from a hold rating to a sell rating in a research report on Wednesday. CIBC upgraded shares of Littelfuse from a market perform rating to an outperform rating and set a $215.00 price objective on the stock in a research report on Tuesday. Oppenheimer upgraded shares of Littelfuse from a market perform rating to an outperform rating and set a $215.00 price objective on the stock in a research report on Tuesday. ValuEngine upgraded shares of Littelfuse from a sell rating to a hold rating in a research report on Thursday, November 1st. Finally, Barrington Research restated a hold rating on shares of Littelfuse in a research report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $233.75.

NASDAQ:LFUS traded down $0.33 during trading hours on Friday, reaching $183.43. The company’s stock had a trading volume of 134,207 shares, compared to its average volume of 158,050. The stock has a market cap of $4.54 billion, a PE ratio of 23.70, a PEG 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 quick ratio of 2.65, a current ratio of 3.46 and a debt-to-equity ratio of 0.45.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, October 31st. The technology company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.09. The company 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 firm’s revenue was up 38.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.12 EPS. Sell-side analysts anticipate that Littelfuse will post 9.56 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the business. Retirement Systems of Alabama increased its position in shares of Littelfuse by 0.6% in the fourth quarter. Retirement Systems of Alabama now owns 32,617 shares of the technology company’s stock valued at $5,593,000 after acquiring an additional 205 shares during the period. Prudential Financial Inc. increased its position in shares of Littelfuse by 1.6% in the third quarter. Prudential Financial Inc. now owns 18,144 shares of the technology company’s stock valued at $3,591,000 after acquiring an additional 277 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Littelfuse by 8.4% in the third quarter. Janney Montgomery Scott LLC now owns 3,612 shares of the technology company’s stock valued at $715,000 after acquiring an additional 281 shares during the period. Atria Investments LLC boosted its stake in shares of Littelfuse by 22.5% during the 3rd quarter. Atria Investments LLC now owns 1,647 shares of the technology company’s stock valued at $326,000 after purchasing an additional 302 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Littelfuse by 5.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,009 shares of the technology company’s stock valued at $1,189,000 after purchasing an additional 320 shares in the last quarter. Hedge funds and other institutional investors own 95.67% of the company’s stock.

About Littelfuse

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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