Littelfuse, Inc. (LFUS) Given “Market Perform” Rating at CIBC
Littelfuse, Inc. (NASDAQ:LFUS)‘s stock had its “market perform” rating reiterated by analysts at CIBC in a research note issued on Friday.
A number of other equities research analysts have also recently weighed in on LFUS. BidaskClub upgraded shares of Littelfuse from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Zacks Investment Research cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Oppenheimer Holdings, Inc. lifted their price target on shares of Littelfuse from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, July 19th. Robert W. Baird reiterated a “buy” rating and set a $202.00 price target on shares of Littelfuse in a research report on Tuesday, September 5th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $180.00 price target on shares of Littelfuse in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Littelfuse presently has an average rating of “Hold” and a consensus target price of $197.00.
Littelfuse (NASDAQ:LFUS) traded down 2.41% during trading on Friday, hitting $204.01. 21,622 shares of the company were exchanged. The stock’s 50-day moving average is $190.28 and its 200-day moving average is $172.68. Littelfuse has a 12 month low of $124.32 and a 12 month high of $209.85. The company has a market capitalization of $4.63 billion, a price-to-earnings ratio of 32.11 and a beta of 0.95.
Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data 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 net margin of 12.51% and a return on equity of 19.67%. The firm had revenue of $313.36 million during the quarter, compared to analysts’ expectations of $312.97 million. During the same period last year, the business earned $1.44 earnings per share. Littelfuse’s revenue was up 15.2% compared to the same quarter last year. Equities research analysts anticipate that Littelfuse will post $7.74 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. boosted its stake in shares of Littelfuse by 8.0% in the third quarter. Eqis Capital Management Inc. now owns 4,911 shares of the technology company’s stock valued at $962,000 after purchasing an additional 363 shares during the period. Ashford Capital Management Inc. boosted its stake in shares of Littelfuse by 4.2% in the second quarter. Ashford Capital Management Inc. now owns 71,990 shares of the technology company’s stock valued at $11,878,000 after purchasing an additional 2,900 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Littelfuse in the second quarter valued at approximately $834,000. Koch Industries Inc. purchased a new position in shares of Littelfuse in the second quarter valued at approximately $376,000. Finally, Grandeur Peak Global Advisors LLC boosted its stake in shares of Littelfuse by 2.3% in the second quarter. Grandeur Peak Global Advisors LLC now owns 28,625 shares of the technology company’s stock valued at $4,723,000 after purchasing an additional 650 shares during the period. 95.57% of the stock is owned by institutional investors and hedge funds.
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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