Littelfuse, Inc. (LFUS) Given “Hold” Rating at Stifel Nicolaus

Littelfuse, Inc. (NASDAQ:LFUS)‘s stock had its “hold” rating reiterated by equities research analysts at Stifel Nicolaus in a report issued on Tuesday. They currently have a $180.00 target price on the technology company’s stock. Stifel Nicolaus’ price target points to a potential downside of 3.67% from the stock’s previous close.

Several other research firms have also weighed in on LFUS. BidaskClub raised Littelfuse from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Robert W. Baird reissued a “buy” rating and issued a $202.00 price objective on shares of Littelfuse in a research report on Tuesday, September 5th. Oppenheimer Holdings, Inc. lifted their price objective on Littelfuse from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 19th. Finally, Zacks Investment Research lowered Littelfuse from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $189.80.

Shares of Littelfuse (LFUS) traded down 0.33% during midday trading on Tuesday, hitting $186.24. The company’s stock had a trading volume of 13,690 shares. The company has a 50-day moving average price of $181.49 and a 200 day moving average price of $167.07. Littelfuse has a 1-year low of $116.97 and a 1-year high of $188.60. The company has a market cap of $4.23 billion, a P/E ratio of 29.31 and a beta of 0.97.

Littelfuse (NASDAQ:LFUS) last posted its quarterly earnings data on Wednesday, August 2nd. The technology company reported $2.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.10. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The firm had revenue of $313.36 million during the quarter, compared to analyst estimates of $312.97 million. During the same period last year, the company posted $1.44 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. On average, equities research analysts predict that Littelfuse will post $7.73 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.thestockobserver.com/2017/09/12/littelfuse-inc-lfus-given-hold-rating-at-stifel-nicolaus.html.

A number of institutional investors have recently modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC increased its position in Littelfuse by 0.4% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 3,900 shares of the technology company’s stock valued at $624,000 after buying an additional 17 shares in the last quarter. Miles Capital Inc. increased its position in Littelfuse by 1.8% in the 1st quarter. Miles Capital Inc. now owns 1,510 shares of the technology company’s stock valued at $241,000 after buying an additional 26 shares in the last quarter. Suntrust Banks Inc. increased its position in Littelfuse by 1.1% in the 2nd quarter. Suntrust Banks Inc. now owns 2,486 shares of the technology company’s stock valued at $409,000 after buying an additional 26 shares in the last quarter. First Midwest Bank Trust Division increased its position in Littelfuse by 1.4% in the 2nd quarter. First Midwest Bank Trust Division now owns 2,305 shares of the technology company’s stock valued at $380,000 after buying an additional 31 shares in the last quarter. Finally, World Asset Management Inc increased its position in Littelfuse by 2.4% in the 1st quarter. World Asset Management Inc now owns 1,393 shares of the technology company’s stock valued at $223,000 after buying an additional 32 shares in the last quarter. 96.89% of the stock is owned by institutional investors and hedge funds.

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)

Receive News & Ratings for Littelfuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Littelfuse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply