Littelfuse (LFUS) Downgraded to Buy at BidaskClub

BidaskClub downgraded shares of Littelfuse (NASDAQ:LFUS) from a strong-buy rating to a buy rating in a research note published on Wednesday.

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

Littelfuse (LFUS) traded down $2.35 on Wednesday, reaching $192.17. The company had a trading volume of 129,700 shares, compared to its average volume of 136,137. Littelfuse has a one year low of $146.94 and a one year high of $215.00. The company has a current ratio of 3.36, a quick ratio of 2.75 and a debt-to-equity ratio of 0.53. The stock has a market cap of $4,418.21, a PE ratio of 26.00, a P/E/G ratio of 1.71 and a beta of 0.91.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $317.90 million during the quarter, compared to analysts’ expectations of $319.20 million. During the same quarter in the previous year, the business earned $1.87 EPS. Littelfuse’s revenue was up 13.4% compared to the same quarter last year. sell-side analysts anticipate that Littelfuse will post 7.57 EPS for the current fiscal year.

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

Several hedge funds have recently modified their holdings of the business. Bank of Montreal Can lifted its stake in shares of Littelfuse by 15.1% during the 2nd 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 last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Littelfuse by 16.3% during the 2nd 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 last quarter. Turner Investments LLC purchased a new stake in shares of Littelfuse during the 3rd quarter worth $147,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Littelfuse by 8.7% during the 2nd 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 last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Littelfuse during the 3rd quarter worth $204,000. Institutional investors and hedge funds own 99.17% of the company’s stock.

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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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