Littelfuse (NASDAQ:LFUS) Upgraded at Zacks Investment Research

Littelfuse (NASDAQ:LFUSGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. The brokerage currently has a $296.00 price target on the technology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 16.97% from the stock’s current price.

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. “

Other research analysts have also recently issued research reports about the stock. StockNews.com started coverage on shares of Littelfuse in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Robert W. Baird reduced their price target on shares of Littelfuse from $325.00 to $307.00 in a research report on Thursday, February 3rd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Littelfuse has a consensus rating of “Buy” and an average target price of $305.75.

Shares of LFUS stock opened at $253.05 on Tuesday. The company’s 50-day moving average price is $243.12 and its 200-day moving average price is $275.65. Littelfuse has a twelve month low of $223.31 and a twelve month high of $334.84. The company has a current ratio of 3.61, a quick ratio of 1.90 and a debt-to-equity ratio of 0.30. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.54 and a beta of 1.20.

Littelfuse (NASDAQ:LFUSGet Rating) last posted its earnings results on Tuesday, May 3rd. The technology company reported $4.99 EPS for the quarter, beating analysts’ consensus estimates of $3.24 by $1.75. Littelfuse had a net margin of 15.34% and a return on equity of 20.75%. The company had revenue of $623.30 million for the quarter, compared to analysts’ expectations of $573.74 million. During the same quarter in the prior year, the company posted $2.67 earnings per share. Littelfuse’s revenue for the quarter was up 34.4% compared to the same quarter last year. As a group, equities research analysts predict that Littelfuse will post 15.17 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in LFUS. CWM LLC increased its stake in shares of Littelfuse by 361.5% during the first quarter. CWM LLC now owns 120 shares of the technology company’s stock worth $30,000 after buying an additional 94 shares during the period. New Century Advisors LLC purchased a new stake in shares of Littelfuse during the fourth quarter worth approximately $44,000. UMB Bank N A MO purchased a new stake in shares of Littelfuse during the fourth quarter worth approximately $50,000. Parkside Financial Bank & Trust increased its stake in shares of Littelfuse by 74.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 166 shares of the technology company’s stock worth $52,000 after buying an additional 71 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in Littelfuse by 2,055.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 194 shares of the technology company’s stock valued at $61,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 95.22% of the company’s stock.

Littelfuse Company Profile (Get Rating)

Littelfuse, Inc manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.

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