Littelfuse’s (LFUS) Buy Rating Reiterated at Robert W. Baird
Littelfuse, Inc. (NASDAQ:LFUS)‘s stock had its “buy” rating reaffirmed by investment analysts at Robert W. Baird in a note issued to investors on Friday. They presently have a $230.00 price objective on the technology company’s stock. Robert W. Baird’s price target points to a potential upside of 24.45% from the company’s current price.
Several other research firms have also issued reports on LFUS. Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Tuesday. Oppenheimer Holdings, Inc. lowered shares of Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. UBS AG lowered shares of Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. CIBC restated a “market perform” rating on shares of Littelfuse in a report on Friday, October 13th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $185.00 target price on shares of Littelfuse in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Littelfuse has a consensus rating of “Hold” and an average price target of $203.80.
Littelfuse (NASDAQ LFUS) traded down $3.63 during mid-day trading on Friday, reaching $184.81. 249,990 shares of the company’s stock traded hands, compared to its average volume of 194,772. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.36 and a quick ratio of 2.87. The firm has a market cap of $4.17 billion, a P/E ratio of 24.55, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.14. The firm had revenue of $317.90 million during the quarter, compared to analyst estimates of $319.20 million. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $1.87 EPS. analysts anticipate that Littelfuse will post 7.7 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its stake in Littelfuse by 9.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 117,937 shares of the technology company’s stock worth $18,860,000 after buying an additional 10,632 shares during the period. Bank of America Corp DE increased its stake in Littelfuse by 4.9% in the 1st quarter. Bank of America Corp DE now owns 115,241 shares of the technology company’s stock worth $18,428,000 after buying an additional 5,366 shares during the period. Legal & General Group Plc increased its stake in Littelfuse by 22.4% in the 2nd 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 during the period. Century Capital Management LLC purchased a new position in Littelfuse in the 2nd quarter worth about $1,854,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Littelfuse by 31.3% in the 3rd 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 during the period. 96.06% 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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