Littelfuse, Inc. (NASDAQ:LFUS) was downgraded by investment analysts at Oppenheimer Holdings, Inc. from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday.

Several other equities research analysts have also recently issued reports on the company. UBS AG cut Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday. Robert W. Baird reaffirmed a “buy” rating and issued a $202.00 target price on shares of Littelfuse in a report on Thursday. Zacks Investment Research raised Littelfuse from a “hold” rating to a “buy” rating and set a $224.00 target price on the stock in a report on Friday, October 6th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $185.00 target price on shares of Littelfuse in a report on Friday, October 6th. Finally, BidaskClub cut Littelfuse from a “hold” rating to a “sell” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Littelfuse presently has a consensus rating of “Hold” and an average target price of $197.00.

Littelfuse (NASDAQ:LFUS) opened at 209.04 on Friday. The stock has a market capitalization of $4.75 billion, a PE ratio of 32.90 and a beta of 0.95. Littelfuse has a 12-month low of $124.32 and a 12-month high of $209.85. The stock has a 50 day moving average price of $190.28 and a 200-day moving average price of $172.68.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.10. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The firm had revenue of $313.36 million for the quarter, compared to analysts’ expectations of $312.97 million. During the same period in the previous year, the firm posted $1.44 earnings per share. The business’s revenue was up 15.2% compared to the same quarter last year. On average, equities analysts anticipate that Littelfuse will post $7.74 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. TimesSquare Capital Management LLC increased its stake in Littelfuse by 3.6% during the second quarter. TimesSquare Capital Management LLC now owns 460,300 shares of the technology company’s stock worth $54,403,000 after acquiring an additional 16,200 shares during the last quarter. First Midwest Bank Trust Division increased its stake in Littelfuse by 3.3% during the first quarter. First Midwest Bank Trust Division now owns 2,274 shares of the technology company’s stock worth $364,000 after acquiring an additional 73 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Littelfuse by 24.0% during the fourth quarter. Neuberger Berman Group LLC now owns 1,134,684 shares of the technology company’s stock worth $121,423,000 after acquiring an additional 219,511 shares during the last quarter. Nationwide Fund Advisors increased its stake in Littelfuse by 1.0% during the first quarter. Nationwide Fund Advisors now owns 103,886 shares of the technology company’s stock worth $16,612,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Littelfuse by 31.1% during the first quarter. Renaissance Technologies LLC now owns 281,292 shares of the technology company’s stock worth $34,630,000 after acquiring an additional 66,800 shares during the last quarter. 95.57% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Littelfuse (NASDAQ:LFUS)

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