Littelfuse, Inc. (LFUS) Rating Lowered to Market Perform at Oppenheimer Holdings, Inc.
Oppenheimer Holdings, Inc. downgraded shares of Littelfuse, Inc. (NASDAQ:LFUS) from an outperform rating to a market perform rating in a research note published on Friday morning, Marketbeat reports. Oppenheimer Holdings also issued estimates for Littelfuse’s Q4 2017 earnings at $1.67 EPS, FY2017 earnings at $7.58 EPS and FY2018 earnings at $8.35 EPS.
Several other research firms also recently weighed in on LFUS. BidaskClub upgraded Littelfuse from a strong sell rating to a sell rating in a research report on Friday, June 30th. Zacks Investment Research downgraded Littelfuse from a buy rating to a hold rating in a research report on Wednesday, October 4th. Robert W. Baird restated a buy rating and issued a $202.00 target price on shares of Littelfuse in a research report on Tuesday, September 5th. Stifel Nicolaus restated a hold rating and issued a $175.00 target price (up previously from $165.00) on shares of Littelfuse in a research report on Friday, July 21st. Finally, UBS AG downgraded Littelfuse from an outperform rating to a market perform rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $197.00.
Shares of Littelfuse (NASDAQ:LFUS) opened at 205.76 on Friday. Littelfuse has a 1-year low of $124.32 and a 1-year high of $209.85. The firm has a 50-day moving average price of $191.38 and a 200-day moving average price of $173.16. The company has a market cap of $4.67 billion, a P/E ratio of 32.38 and a beta of 0.95.
Littelfuse (NASDAQ:LFUS) last released its earnings results on Wednesday, August 2nd. The technology company reported $2.10 earnings per share for the quarter, meeting the consensus estimate of $2.10. The business had revenue of $313.36 million for the quarter, compared to the consensus estimate of $312.97 million. Littelfuse had a return on equity of 19.67% and a net margin of 12.51%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 earnings per share. On average, equities analysts expect that Littelfuse will post $7.75 EPS for the current year.
A number of institutional investors have recently made changes to their positions in LFUS. BlackRock Inc. lifted its position in Littelfuse by 22,715.7% during the first quarter. BlackRock Inc. now owns 2,254,650 shares of the technology company’s stock worth $360,542,000 after buying an additional 2,244,768 shares in the last quarter. Koch Industries Inc. purchased a new position in Littelfuse during the second quarter worth approximately $376,000. Principal Financial Group Inc. lifted its position in Littelfuse by 97.3% during the second quarter. Principal Financial Group Inc. now owns 451,428 shares of the technology company’s stock worth $74,486,000 after buying an additional 222,636 shares in the last quarter. KAMES CAPITAL plc purchased a new position in Littelfuse during the second quarter worth approximately $26,593,000. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Littelfuse by 45.2% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 358,678 shares of the technology company’s stock worth $59,182,000 after buying an additional 111,675 shares in the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.
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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