Littelfuse, Inc. (NASDAQ:LFUS) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Littelfuse, Inc. (NASDAQ:LFUS) from a hold rating to a sell rating in a research report sent to investors on Tuesday, November 7th.

According to Zacks, “Littelfuse is the preferred brand for leading manufacturers around the world, with more than 40 sales, manufacturing and engineering facilities and a global network of distribution channels. Littelfuse products are vital components in virtually every market that uses electrical energy, from consumer electronics to automobiles, commercial vehicles and industrial equipment. They are also expanding into adjacent markets that complement their core business including power distribution centers for mining operations, generator controls and protection for marine applications, heavy-duty switches for commercial vehicles and electromechanical sensors used in the automotive industry. “

Several other research analysts also recently commented on the stock. CIBC reissued a market perform rating on shares of Littelfuse in a research note on Friday, October 13th. Oppenheimer Holdings, Inc. downgraded shares of Littelfuse from an outperform rating to a market perform rating in a research report on Friday, October 13th. UBS AG cut shares of Littelfuse from an outperform rating to a market perform rating in a report on Friday, October 13th. Robert W. Baird restated a buy rating and set a $202.00 target price on shares of Littelfuse in a report on Thursday, October 12th. Finally, Stifel Nicolaus reiterated a hold rating and issued a $185.00 price target on shares of Littelfuse in a research note on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $203.80.

Shares of Littelfuse (NASDAQ LFUS) traded down $0.10 during midday trading on Tuesday, reaching $206.40. 59,417 shares of the company’s stock traded hands, compared to its average volume of 212,464. The firm has a market cap of $4,687.96, a PE ratio of 27.59, a P/E/G ratio of 1.82 and a beta of 0.93. Littelfuse has a 1 year low of $144.65 and a 1 year high of $215.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.75 and a current ratio of 3.36.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 7th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 21st. Littelfuse’s payout ratio is currently 21.57%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LFUS. Bank of Montreal Can lifted its position in Littelfuse by 15.1% in the second quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after buying an additional 85 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of Littelfuse by 16.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock valued at $112,000 after buying an additional 95 shares during the period. Turner Investments LLC purchased a new position in shares of Littelfuse during the third quarter valued at $147,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Littelfuse by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock valued at $149,000 after buying an additional 72 shares during the period. Finally, Advisor Group Inc. increased its stake in shares of Littelfuse by 4.6% during the second quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after buying an additional 54 shares during the period. 98.62% of the stock is owned by hedge funds and other institutional investors.

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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.

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