Littelfuse (LFUS) Cut to Hold at BidaskClub

BidaskClub cut shares of Littelfuse (NASDAQ:LFUS) from a buy rating to a hold rating in a research note released on Tuesday morning.

Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Littelfuse from a hold rating to a buy rating and set a $211.00 price target for the company in a research report on Wednesday, September 27th. Robert W. Baird reissued a buy rating and issued a $202.00 price target on shares of Littelfuse in a research report on Tuesday, September 5th. CIBC reissued a market perform rating on shares of Littelfuse in a research report on Friday, October 13th. Oppenheimer lowered 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 note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $211.25.

Littelfuse (LFUS) traded down $0.91 during trading hours on Tuesday, reaching $193.04. 170,200 shares of the company traded hands, compared to its average volume of 136,359. Littelfuse has a 52-week low of $146.94 and a 52-week high of $215.00. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.36 and a quick ratio of 2.75. The firm has a market capitalization of $4,405.34, a price-to-earnings ratio of 25.93, a PEG ratio of 1.71 and a beta of 0.91.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings results on Wednesday, November 1st. The technology company reported $2.12 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $319.20 million. During the same quarter in the prior year, the business posted $1.87 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. equities research analysts expect that Littelfuse will post 7.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Shareholders of record on Wednesday, November 22nd were paid a dividend of $0.37 per share. The ex-dividend date was Tuesday, November 21st. This represents a $1.48 annualized dividend and a yield of 0.77%. Littelfuse’s dividend payout ratio is 21.57%.

Institutional investors have recently modified their holdings of the business. Bank of Montreal Can grew its stake in Littelfuse by 15.1% during the second quarter. Bank of Montreal Can now owns 649 shares of the technology company’s stock worth $107,000 after buying an additional 85 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Littelfuse by 16.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 677 shares of the technology company’s stock worth $112,000 after buying an additional 95 shares during the last quarter. Turner Investments LLC bought a new stake in Littelfuse during the third quarter worth about $147,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Littelfuse by 8.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 900 shares of the technology company’s stock worth $149,000 after buying an additional 72 shares during the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Littelfuse during the third quarter worth about $204,000. 99.17% of the stock is currently 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.

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