Littelfuse (LFUS) Downgraded by BidaskClub to Hold

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

Several other equities research analysts have also weighed in on the company. Zacks Investment Research raised Littelfuse from a “sell” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird reissued a “buy” rating and set a $230.00 target price on shares of Littelfuse in a research report on Friday, November 3rd. Oppenheimer reissued a “hold” rating on shares of Littelfuse in a research report on Wednesday, November 1st. CIBC reissued a “market perform” rating on shares of Littelfuse in a research report on Friday, October 13th. Finally, UBS Group lowered Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Littelfuse has a consensus rating of “Hold” and an average price target of $211.25.

Shares of Littelfuse (NASDAQ LFUS) traded up $3.24 during midday trading on Friday, hitting $212.37. The stock had a trading volume of 391,229 shares, compared to its average volume of 161,271. The company has a quick ratio of 2.75, a current ratio of 3.36 and a debt-to-equity ratio of 0.53. Littelfuse has a 1-year low of $149.81 and a 1-year high of $221.06. The firm has a market cap of $4,900.00, a price-to-earnings ratio of 30.96, a PEG ratio of 1.71 and a beta of 0.92.

Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.14. Littelfuse had a return on equity of 19.62% and a net margin of 13.12%. The business had revenue of $317.90 million for the quarter, compared to analyst estimates of $319.20 million. During the same quarter last year, the company earned $1.87 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. sell-side analysts forecast that Littelfuse will post 7.58 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. grew 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 worth $409,000 after buying an additional 26 shares during the last quarter. Cubist Systematic Strategies LLC grew 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 worth $354,000 after buying an additional 42 shares during the last quarter. Advisor Group Inc. grew 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 worth $187,000 after buying an additional 54 shares during the last quarter. Citigroup Inc. grew its stake in Littelfuse by 5.0% during the 2nd quarter. Citigroup Inc. now owns 1,457 shares of the technology company’s stock worth $241,000 after buying an additional 70 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in Littelfuse by 4.4% during the 2nd quarter. Stifel Financial Corp now owns 2,412 shares of the technology company’s stock worth $398,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 99.24% of the company’s stock.

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About Littelfuse

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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