BidaskClub Downgrades Littelfuse (NASDAQ:LFUS) to Sell

BidaskClub downgraded shares of Littelfuse (NASDAQ:LFUS) from a hold rating to a sell rating in a research report report published on Tuesday morning, BidAskClub reports.

Several other research analysts have also recently issued reports on the stock. Cowen assumed coverage on shares of Littelfuse in a report on Tuesday, May 21st. They issued an outperform rating and a $210.00 target price on the stock. Oppenheimer cut their target price on shares of Littelfuse from $215.00 to $210.00 and set an outperform rating on the stock in a report on Thursday, May 2nd. Longbow Research cut shares of Texas Instruments from a buy rating to a neutral rating and set a $116.20 target price on the stock. in a report on Wednesday, April 17th. Barrington Research raised their price target on Lions Gate Entertainment to $18.00 and gave the stock an outperform rating in a research note on Wednesday, May 29th. Finally, Zacks Investment Research raised HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $223.33.

Shares of Littelfuse stock opened at $168.53 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.82 and a quick ratio of 2.85. Littelfuse has a 52-week low of $155.15 and a 52-week high of $231.42. The company has a market capitalization of $4.29 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.10. The business has a 50 day moving average price of $172.12.



Littelfuse (NASDAQ:LFUS) last issued its earnings results on Wednesday, May 1st. The technology company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.04. Littelfuse had a net margin of 9.70% and a return on equity of 15.27%. The firm had revenue of $405.50 million for the quarter, compared to analysts’ expectations of $407.53 million. During the same quarter last year, the business earned $2.39 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. Analysts forecast that Littelfuse will post 8.71 earnings per share for the current year.

In other Littelfuse news, Director Nathan Zommer sold 7,500 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $200.00, for a total transaction of $1,500,000.00. Following the completion of the transaction, the director now owns 393,286 shares of the company’s stock, valued at $78,657,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Deepak Nayar sold 3,947 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $187.74, for a total value of $741,009.78. Following the transaction, the senior vice president now directly owns 3,502 shares of the company’s stock, valued at approximately $657,465.48. The disclosure for this sale can be found here. Insiders sold 12,433 shares of company stock valued at $2,404,479 in the last ninety days. 3.50% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. First National Bank of Omaha increased its holdings in Littelfuse by 3.0% in the 2nd quarter. First National Bank of Omaha now owns 24,572 shares of the technology company’s stock worth $4,347,000 after buying an additional 717 shares in the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Littelfuse during the 2nd quarter valued at about $533,000. Zions Bancorporation N.A. purchased a new position in shares of Littelfuse during the 2nd quarter valued at about $210,000. Private Trust Co. NA lifted its position in shares of Littelfuse by 12.9% during the 2nd quarter. Private Trust Co. NA now owns 3,123 shares of the technology company’s stock valued at $552,000 after buying an additional 358 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of Littelfuse by 8.7% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 25,995 shares of the technology company’s stock valued at $4,743,000 after buying an additional 2,085 shares in the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Littelfuse (NASDAQ:LFUS)

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