Littelfuse, Inc. (LFUS) Earns Buy Rating from Robert W. Baird
Littelfuse, Inc. (NASDAQ:LFUS)‘s stock had its “buy” rating restated by equities research analysts at Robert W. Baird in a research note issued to investors on Friday. They currently have a $230.00 price objective on the technology company’s stock. Robert W. Baird’s target price would suggest a potential upside of 24.45% from the stock’s current price.
LFUS has been the subject of several other research reports. Zacks Investment Research downgraded shares of Littelfuse from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and set a $180.00 price target on shares of Littelfuse in a report on Tuesday, September 12th. Oppenheimer Holdings, Inc. downgraded shares of Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. UBS Group AG (USA) downgraded shares of Littelfuse from an “outperform” rating to a “market perform” rating in a report on Friday, October 13th. Finally, BidaskClub downgraded shares of Littelfuse from a “hold” rating to a “sell” rating in a report on Friday, July 28th. 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 company. The company currently has an average rating of “Hold” and a consensus target price of $203.80.
Shares of Littelfuse (NASDAQ:LFUS) traded down $3.63 on Friday, hitting $184.81. 249,990 shares of the stock traded hands, compared to its average volume of 194,772. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 1.59 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.36 and a quick ratio of 2.87.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.14. Littelfuse had a net margin of 13.12% and a return on equity of 19.62%. The company had revenue of $317.90 million during the quarter, compared to the consensus estimate of $319.20 million. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. equities analysts forecast that Littelfuse will post 7.7 earnings per share for the current fiscal year.
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Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can lifted its holdings in Littelfuse by 15.1% in the second quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after purchasing an additional 85 shares during the period. Bronfman E.L. Rothschild L.P. lifted its holdings in Littelfuse by 16.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock worth $112,000 after purchasing an additional 95 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Littelfuse by 8.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock worth $149,000 after purchasing an additional 72 shares during the period. Advisor Group Inc. lifted its holdings in Littelfuse by 4.6% in the 2nd quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock valued at $187,000 after acquiring an additional 54 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Littelfuse by 63.6% in the 2nd quarter. Royal Bank of Canada now owns 1,178 shares of the technology company’s stock valued at $194,000 after acquiring an additional 458 shares during the last quarter. 96.06% 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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