Littelfuse’s (LFUS) “Buy” Rating Reaffirmed at Needham & Company LLC

Littelfuse (NASDAQ:LFUS)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research note issued on Wednesday, Benzinga reports. They presently have a $520.00 price objective on the technology company’s stock. Needham & Company LLC‘s price target points to a potential upside of 34.31% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Zacks Research cut Littelfuse from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Littelfuse in a research report on Wednesday. Finally, Oppenheimer reissued an “outperform” rating on shares of Littelfuse in a report on Thursday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $465.83.

Littelfuse Stock Up 1.1%

LFUS opened at $387.15 on Wednesday. Littelfuse has a fifty-two week low of $233.36 and a fifty-two week high of $500.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.76. The company has a fifty day moving average of $410.20 and a two-hundred day moving average of $397.66. The stock has a market capitalization of $9.83 billion, a price-to-earnings ratio of -774.28, a PEG ratio of 1.86 and a beta of 1.48.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $5.79 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.82. Littelfuse had a negative net margin of 0.31% and a positive return on equity of 13.02%. The business had revenue of $795.20 million during the quarter, compared to the consensus estimate of $792.49 million. During the same quarter in the prior year, the firm posted $2.77 earnings per share. The company’s revenue was up 22.7% compared to the same quarter last year. On average, research analysts expect that Littelfuse will post 15.78 earnings per share for the current year.

Institutional Trading of Littelfuse

A number of institutional investors and hedge funds have recently modified their holdings of LFUS. Bank of America Corp DE acquired a new position in Littelfuse during the second quarter worth about $115,306,000. Baird Financial Group Inc. raised its holdings in Littelfuse by 491.7% in the 2nd quarter. Baird Financial Group Inc. now owns 50,679 shares of the technology company’s stock valued at $23,076,000 after acquiring an additional 42,114 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Littelfuse in the 2nd quarter valued at about $3,332,000. Bank of New York Mellon Corp purchased a new position in Littelfuse in the 2nd quarter worth approximately $86,345,000. Finally, Hill City Capital LP purchased a new position in Littelfuse in the 2nd quarter worth approximately $54,639,600. Hedge funds and other institutional investors own 96.14% of the company’s stock.

Littelfuse News Roundup

Here are the key news stories impacting Littelfuse this week:

• Positive Sentiment: Adjusted earnings significantly exceeded expectations. Littelfuse reported adjusted EPS of $5.79, above the roughly $4.95–$4.97 analyst consensus and nearly double the prior-year result. GAAP diluted EPS was $4.49, compared with $2.77 a year earlier. Littelfuse Beats Q3 Earnings Estimates
• Positive Sentiment: Record sales and profitability improved year over year. Third-quarter net sales reached approximately $766.7 million, up 22.7% from $624.6 million, while net income increased to $115.4 million from $69.5 million. Operating margin was 20%, and operating cash flow and free cash flow were $230.1 million and $215.7 million, respectively. Littelfuse Q3 Results
• Positive Sentiment: Management provided constructive outlook commentary. Fourth-quarter sales guidance is $750 million to $770 million, with adjusted EPS of $5.05 to $5.25. Littelfuse also reaffirmed its long-term 2030 targets of $4.5 billion in revenue and $1.1 billion in adjusted EBITDA. Littelfuse Outlook
• Positive Sentiment: The quarterly dividend was maintained at $0.80 per share, equivalent to $3.20 annually and a yield of approximately 0.8%. The dividend is payable December 3 to shareholders of record November 19. Littelfuse Dividend Announcement
• Neutral Sentiment: Revenue was below expectations. Sales of $766.7 million missed the FactSet consensus of $792.5 million. The company said results included a $28.5 million Dortmund contract-amendment fee recorded as a reduction to semiconductor revenue, partially explaining the gap. Littelfuse Revenue Earnings Flash
• Negative Sentiment: Reported insider activity may temper enthusiasm. Recent disclosed insider transactions showed sales and no purchases over the cited six-month period, although these trades may reflect compensation or diversification rather than a fundamental view of LFUS.

About Littelfuse

Littelfuse, Inc is a diversified industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes fuses and other circuit-protection devices, power semiconductor products, relays, switches, sensors and related electronic components.

The company serves customers in the automotive, commercial vehicle, industrial, electronics, energy and communications markets. Its products are used in applications such as vehicle electrification, battery systems, industrial equipment, power distribution, renewable energy systems, data infrastructure and consumer electronics.