Littelfuse, Inc. (LFUS) Stock Rating Reaffirmed by Oppenheimer Holdings, Inc.

Littelfuse, Inc. (NASDAQ:LFUS)‘s stock had its “hold” rating reaffirmed by equities research analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Wednesday.

LFUS has been the topic of a number of other reports. Zacks Investment Research downgraded Littelfuse from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Robert W. Baird reiterated a “buy” rating and issued a $202.00 target price on shares of Littelfuse in a research report on Thursday, October 12th. BidaskClub downgraded Littelfuse from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. UBS AG downgraded Littelfuse from an “outperform” rating to a “market perform” rating in a research report on Friday, October 13th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $185.00 target price on shares of Littelfuse in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Littelfuse has a consensus rating of “Hold” and a consensus price target of $198.20.

Shares of Littelfuse (LFUS) traded down 10.438% during trading on Wednesday, hitting $187.185. The stock had a trading volume of 558,510 shares. The stock has a 50 day moving average of $199.18 and a 200 day moving average of $177.71. The company has a market cap of $4.25 billion, a PE ratio of 29.459 and a beta of 0.95. Littelfuse has a 12 month low of $131.67 and a 12 month high of $212.54.

Littelfuse (NASDAQ:LFUS) last posted its earnings results on Wednesday, November 1st. The technology company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.14. The company had revenue of $317.90 million for the quarter, compared to the consensus estimate of $319.20 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.87 earnings per share. Equities analysts forecast that Littelfuse will post $7.77 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Suntrust Banks Inc. increased its stake in Littelfuse by 1.1% during the second quarter. Suntrust Banks Inc. now owns 2,486 shares of the technology company’s stock worth $409,000 after acquiring an additional 26 shares during the last quarter. First Midwest Bank Trust Division increased its stake in Littelfuse by 1.4% during the second quarter. First Midwest Bank Trust Division now owns 2,305 shares of the technology company’s stock worth $380,000 after acquiring an additional 31 shares during the last quarter. World Asset Management Inc increased its stake in Littelfuse by 2.7% during the second quarter. World Asset Management Inc now owns 1,430 shares of the technology company’s stock worth $236,000 after acquiring an additional 37 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in Littelfuse by 2.0% during the second quarter. Cubist Systematic Strategies LLC now owns 2,147 shares of the technology company’s stock worth $354,000 after acquiring an additional 42 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in Littelfuse by 4.6% during the second quarter. Advisor Group Inc. now owns 1,225 shares of the technology company’s stock worth $187,000 after acquiring an additional 54 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Littelfuse (NASDAQ:LFUS)

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