Littelfuse (LFUS) Upgraded to Buy by BidaskClub

BidaskClub upgraded shares of Littelfuse (NASDAQ:LFUS) from a hold rating to a buy rating in a research note released on Thursday morning.

A number of other equities research analysts have also recently commented on LFUS. Zacks Investment Research cut shares of Littelfuse from a buy rating to a hold rating in a report on Wednesday, October 4th. Robert W. Baird reiterated a buy rating and set a $202.00 price target on shares of Littelfuse in a report on Thursday, October 12th. CIBC restated a market perform rating on shares of Littelfuse in a report on Friday, October 13th. Stifel Nicolaus restated a hold rating and issued a $185.00 target price on shares of Littelfuse in a report on Friday, October 6th. Finally, Oppenheimer cut shares of Littelfuse from an outperform rating to a market perform rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $211.25.

Littelfuse (NASDAQ LFUS) traded up $9.95 during trading hours on Thursday, hitting $219.93. 227,519 shares of the stock were exchanged, compared to its average volume of 114,157. Littelfuse has a 1 year low of $148.11 and a 1 year high of $220.19. 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 capitalization of $4,769.44, a PE ratio of 32.06, a price-to-earnings-growth ratio of 1.72 and a beta of 0.92.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $2.12 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $317.90 million for the quarter, compared to analysts’ expectations of $319.20 million. During the same quarter in the prior year, the company posted $1.87 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. sell-side analysts forecast that Littelfuse will post 7.57 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Turner Investments LLC purchased a new stake in Littelfuse in the third quarter worth approximately $147,000. Advisor Group Inc. boosted its holdings in Littelfuse by 4.6% in the second quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock worth $187,000 after purchasing an additional 54 shares during the last quarter. Royal Bank of Canada boosted its holdings in Littelfuse by 63.6% in the second quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock worth $194,000 after purchasing an additional 458 shares during the last quarter. Intrust Bank NA purchased a new stake in Littelfuse in the third quarter worth approximately $204,000. Finally, Coldstream Capital Management Inc. purchased a new stake in Littelfuse in the third quarter worth approximately $204,000. Institutional investors 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.

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