According to Zacks, “Littelfuse is the preferred brand for leading manufacturers around the world, with more than 40 sales, manufacturing and engineering facilities and a global network of distribution channels. Littelfuse products are vital components in virtually every market that uses electrical energy, from consumer electronics to automobiles, commercial vehicles and industrial equipment. They are also expanding into adjacent markets that complement their core business including power distribution centers for mining operations, generator controls and protection for marine applications, heavy-duty switches for commercial vehicles and electromechanical sensors used in the automotive industry. “
LFUS has been the topic of several other reports. Cowen initiated coverage on Littelfuse in a research note on Tuesday, May 21st. They set an outperform rating and a $210.00 price objective on the stock. Barrington Research raised their price objective on Lions Gate Entertainment to $18.00 and gave the stock an outperform rating in a research note on Wednesday, May 29th. Oppenheimer reduced their price objective on Littelfuse from $215.00 to $210.00 and set an outperform rating on the stock in a research note on Thursday, May 2nd. Longbow Research cut Texas Instruments from a buy rating to a neutral rating and set a $116.20 price objective on the stock. in a research note on Wednesday, April 17th. Finally, ValuEngine upgraded Valmont Industries from a sell rating to a hold rating in a research note on Friday, July 12th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Littelfuse currently has an average rating of Hold and an average target price of $223.33.
Littelfuse (NASDAQ:LFUS) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.04. Littelfuse had a return on equity of 15.27% and a net margin of 9.70%. The firm had revenue of $405.50 million for the quarter, compared to analysts’ expectations of $407.53 million. During the same period last year, the business posted $2.39 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. As a group, research analysts forecast that Littelfuse will post 8.3 earnings per share for the current fiscal year.
In other Littelfuse news, SVP Deepak Nayar sold 3,947 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $187.74, for a total value of $741,009.78. Following the sale, the senior vice president now directly owns 3,502 shares in the company, valued at $657,465.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ian Highley sold 986 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $165.79, for a total value of $163,468.94. Following the completion of the sale, the senior vice president now owns 1,839 shares in the company, valued at $304,887.81. The disclosure for this sale can be found here. Company insiders own 3.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of LFUS. Norges Bank bought a new stake in Littelfuse in the fourth quarter valued at $45,583,000. Principal Financial Group Inc. lifted its stake in Littelfuse by 20.3% in the fourth quarter. Principal Financial Group Inc. now owns 781,653 shares of the technology company’s stock valued at $134,038,000 after buying an additional 132,138 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in Littelfuse in the first quarter valued at $24,039,000. Victory Capital Management Inc. lifted its stake in Littelfuse by 29.9% in the first quarter. Victory Capital Management Inc. now owns 551,097 shares of the technology company’s stock valued at $100,564,000 after buying an additional 126,825 shares during the last quarter. Finally, Ellis Investment Partners LLC acquired a new position in shares of Littelfuse during the first quarter valued at $61,000. Institutional investors own 98.76% of the company’s stock.
Littelfuse Company Profile
Littelfuse, Inc designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors.
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