Littelfuse, Inc. (NASDAQ:LFUS) Upgraded at Zacks Investment Research

Littelfuse, Inc. (NASDAQ:LFUS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, October 18th. The brokerage currently has a $230.00 target price on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 22.00% from the stock’s current price.

According to Zacks, “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. The Automotive segment provides circuit protection and sensor products to the worldwide automotive original equipment manufacturers (OEM) and parts distributors of passenger automobiles, trucks, buses, and off-road equipment. The Industrial Segment provides circuit protection products for industrial and commercial customers. The Company also offers electronic reed switches and sensors, automotive sensors for comfort and safety systems and a range of electromechanical and electronic switch and control devices for commercial and specialty vehicles. “

Other research analysts also recently issued reports about the company. Robert W. Baird reissued a “buy” rating and issued a $202.00 price objective on shares of Littelfuse in a research note on Tuesday, September 5th. Stifel Nicolaus reissued a “hold” rating and issued a $185.00 price objective on shares of Littelfuse in a research note on Friday, October 6th. BidaskClub raised Littelfuse from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Oppenheimer Holdings, Inc. downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research note on Friday, October 13th. Finally, UBS AG downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $203.80.

Littelfuse (NASDAQ LFUS) traded up $3.76 during trading on Wednesday, reaching $188.57. The company’s stock had a trading volume of 144,314 shares, compared to its average volume of 179,435. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.53. Littelfuse has a 12 month low of $131.67 and a 12 month high of $212.54. The firm has a market capitalization of $4,280.00, a P/E ratio of 24.71, a P/E/G ratio of 1.63 and a beta of 0.93.

Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $319.20 million. During the same period last year, the business earned $1.87 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. equities analysts anticipate that Littelfuse will post 7.57 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its position in Littelfuse by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 331,314 shares of the technology company’s stock worth $64,896,000 after buying an additional 5,368 shares during the period. DekaBank Deutsche Girozentrale increased its position in Littelfuse by 7.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 36,250 shares of the technology company’s stock worth $6,630,000 after buying an additional 2,400 shares during the period. Rhumbline Advisers increased its position in Littelfuse by 14.9% in the 3rd quarter. Rhumbline Advisers now owns 53,866 shares of the technology company’s stock worth $10,551,000 after buying an additional 6,986 shares during the period. Advisor Group Inc. increased its position in Littelfuse by 39.3% in the 3rd quarter. Advisor Group Inc. now owns 1,707 shares of the technology company’s stock worth $335,000 after buying an additional 482 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in shares of Littelfuse by 19.3% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 17,895 shares of the technology company’s stock worth $3,505,000 after purchasing an additional 2,890 shares in the last quarter. 96.55% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Littelfuse (NASDAQ:LFUS)

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