BidaskClub Downgrades Littelfuse (LFUS) to Buy
BidaskClub cut shares of Littelfuse (NASDAQ:LFUS) from a strong-buy rating to a buy rating in a report issued on Wednesday morning.
Several other equities research analysts also recently issued reports on LFUS. Zacks Investment Research downgraded shares of Littelfuse from a buy rating to a hold rating in a research note on Wednesday, October 4th. Robert W. Baird restated a buy rating and issued a $202.00 price objective on shares of Littelfuse in a research note on Thursday, October 12th. Stifel Nicolaus restated a hold rating and issued a $185.00 price objective on shares of Littelfuse in a research note on Friday, October 6th. CIBC restated a market perform rating on shares of Littelfuse in a research note on Friday, October 13th. Finally, Oppenheimer downgraded shares of Littelfuse from an outperform rating to a market perform rating in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Littelfuse presently has a consensus rating of Hold and an average price target of $211.25.
Littelfuse (NASDAQ:LFUS) opened at $197.41 on Wednesday. Littelfuse has a 52-week low of $146.94 and a 52-week high of $215.00. The company has a market cap of $4,456.37, a P/E ratio of 26.23, a PEG ratio of 1.73 and a beta of 0.91. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.36 and a quick ratio of 2.75.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.14. The business had revenue of $317.90 million for the quarter, compared to the consensus estimate of $319.20 million. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. Littelfuse’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $1.87 earnings per share. sell-side analysts forecast that Littelfuse will post 7.57 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.48 dividend on an annualized basis and a yield of 0.75%. Littelfuse’s dividend payout ratio is currently 21.57%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. boosted its stake in Littelfuse by 31.3% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 471,038 shares of the technology company’s stock worth $92,267,000 after buying an additional 112,360 shares in the last quarter. Legal & General Group Plc boosted its stake in Littelfuse by 22.4% during the second quarter. Legal & General Group Plc now owns 17,851 shares of the technology company’s stock worth $2,945,000 after buying an additional 3,264 shares in the last quarter. Century Capital Management LLC acquired a new stake in Littelfuse during the second quarter worth $1,854,000. Grandeur Peak Global Advisors LLC boosted its stake in Littelfuse by 2.3% during the second quarter. Grandeur Peak Global Advisors LLC now owns 28,625 shares of the technology company’s stock worth $4,723,000 after buying an additional 650 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in Littelfuse during the second quarter worth $376,000. Hedge funds and other institutional investors own 99.17% of the company’s stock.
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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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