Littelfuse (NASDAQ:LFUS) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $211.00 price target on the stock in a research note on Wednesday, September 27th. Robert W. Baird reaffirmed a “buy” rating and set a $202.00 price objective on shares of Littelfuse in a research report on Tuesday, September 5th. CIBC reaffirmed a “market perform” rating on shares of Littelfuse in a research report on Friday, October 13th. Oppenheimer cut shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Finally, UBS cut shares of Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Littelfuse has an average rating of “Hold” and a consensus target price of $211.25.

Littelfuse (NASDAQ:LFUS) traded up $1.21 during trading hours on Wednesday, hitting $197.41. 144,214 shares of the company’s stock traded hands, compared to its average volume of 133,884. Littelfuse has a 12-month low of $146.94 and a 12-month high of $215.00. The firm has a market capitalization of $4,483.77, a P/E ratio of 26.39, a P/E/G ratio of 1.74 and a beta of 0.91. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.75 and a current ratio of 3.36.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $317.90 million for the quarter, compared to the consensus estimate of $319.20 million. During the same period in the previous year, the company earned $1.87 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. equities research analysts expect that Littelfuse will post 7.57 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Littelfuse by 31.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 471,038 shares of the technology company’s stock worth $92,267,000 after acquiring an additional 112,360 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Littelfuse by 22.4% in the second quarter. Legal & General Group Plc now owns 17,851 shares of the technology company’s stock worth $2,945,000 after acquiring an additional 3,264 shares during the last quarter. Century Capital Management LLC bought a new position in shares of Littelfuse in the second quarter worth about $1,854,000. Koch Industries Inc. bought a new position in shares of Littelfuse in the second quarter worth about $376,000. Finally, Grandeur Peak Global Advisors LLC lifted its holdings 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 worth $4,723,000 after acquiring an additional 650 shares during the last quarter. 99.17% of the stock is owned by hedge funds and other institutional investors.

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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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