Littelfuse’s (LFUS) “Buy” Rating Reaffirmed at Robert W. Baird
Littelfuse, Inc. (NASDAQ:LFUS)‘s stock had its “buy” rating reaffirmed by investment analysts at Robert W. Baird in a research note issued on Thursday. They currently have a $202.00 price target on the technology company’s stock. Robert W. Baird’s target price would suggest a potential downside of 2.03% from the company’s current price.
Several other brokerages have also recently weighed in on LFUS. Stifel Nicolaus reissued a “hold” rating and set a $185.00 price target on shares of Littelfuse in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a report on Friday, October 6th. BidaskClub upgraded shares of Littelfuse from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Finally, Oppenheimer Holdings, Inc. upped their price objective on shares of Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $197.00.
Shares of Littelfuse (LFUS) traded up 1.13% during mid-day trading on Thursday, reaching $208.53. 39,240 shares of the company’s stock were exchanged. Littelfuse has a 52-week low of $124.32 and a 52-week high of $208.69. The firm has a market cap of $4.74 billion, a P/E ratio of 32.82 and a beta of 0.95. The company has a 50 day moving average price of $189.37 and a 200 day moving average price of $172.42.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $2.10. Littelfuse had a net margin of 12.51% and a return on equity of 19.67%. The company had revenue of $313.36 million during the quarter, compared to analysts’ expectations of $312.97 million. During the same quarter in the prior year, the company earned $1.44 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. Analysts forecast that Littelfuse will post $7.74 earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the stock. Suntrust Banks Inc. increased its stake in Littelfuse by 1.1% during the 2nd quarter. Suntrust Banks Inc. now owns 2,486 shares of the technology company’s stock valued at $409,000 after purchasing an additional 26 shares in the last quarter. First Midwest Bank Trust Division increased its stake in Littelfuse by 1.4% during the 2nd quarter. First Midwest Bank Trust Division now owns 2,305 shares of the technology company’s stock valued at $380,000 after purchasing an additional 31 shares in the last quarter. World Asset Management Inc increased its stake in Littelfuse by 2.7% during the 2nd quarter. World Asset Management Inc now owns 1,430 shares of the technology company’s stock valued at $236,000 after purchasing an additional 37 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Littelfuse by 2.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 2,147 shares of the technology company’s stock valued at $354,000 after purchasing an additional 42 shares in the last quarter. Finally, Advisor Group Inc. increased its stake in Littelfuse by 4.6% during the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 95.57% of the company’s stock.
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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