Littelfuse, Inc. (NASDAQ:LFUS) – Equities researchers at Oppenheimer Holdings boosted their Q2 2017 earnings per share (EPS) estimates for shares of Littelfuse in a report released on Tuesday. Oppenheimer Holdings analyst C. Glynn now anticipates that the technology company will post earnings of $2.10 per share for the quarter, up from their previous forecast of $1.90. Oppenheimer Holdings also issued estimates for Littelfuse’s Q3 2017 earnings at $1.93 EPS, FY2017 earnings at $7.40 EPS and FY2018 earnings at $8.25 EPS.
Littelfuse (NASDAQ:LFUS) last issued its quarterly earnings results on Wednesday, May 3rd. The technology company reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.05. The company had revenue of $285.44 million during the quarter, compared to the consensus estimate of $284.95 million. Littelfuse had a return on equity of 18.47% and a net margin of 11.06%. Littelfuse’s revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS.
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Other equities analysts have also issued research reports about the stock. BidaskClub raised shares of Littelfuse from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Zacks Investment Research lowered shares of Littelfuse from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Robert W. Baird reaffirmed a “positive” rating and issued a $195.00 price objective (up previously from $187.00) on shares of Littelfuse in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Littelfuse has a consensus rating of “Buy” and a consensus target price of $190.50.
Shares of Littelfuse (NASDAQ LFUS) opened at 184.40 on Thursday. The firm has a market capitalization of $4.18 billion, a P/E ratio of 33.89 and a beta of 0.94. The stock’s 50 day moving average price is $167.37 and its 200-day moving average price is $160.81. Littelfuse has a 12-month low of $114.76 and a 12-month high of $188.19.
Littelfuse announced that its board has initiated a share repurchase program on Wednesday, May 3rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other Littelfuse news, SVP Dieter Roeder sold 8,490 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $163.06, for a total value of $1,384,379.40. Following the completion of the sale, the senior vice president now owns 7,143 shares in the company, valued at approximately $1,164,737.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Cole sold 150 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $169.23, for a total transaction of $25,384.50. Following the completion of the sale, the senior vice president now owns 3,985 shares of the company’s stock, valued at approximately $674,381.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,781 shares of company stock valued at $3,079,622. Insiders own 1.80% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Oakbrook Investments LLC bought a new stake in Littelfuse during the second quarter worth about $276,000. US Bancorp DE increased its stake in Littelfuse by 4.4% in the second quarter. US Bancorp DE now owns 4,009 shares of the technology company’s stock worth $662,000 after buying an additional 168 shares during the last quarter. State Treasurer State of Michigan increased its stake in Littelfuse by 2.2% in the second quarter. State Treasurer State of Michigan now owns 9,400 shares of the technology company’s stock worth $1,551,000 after buying an additional 200 shares during the last quarter. Aperio Group LLC increased its stake in Littelfuse by 3.5% in the second quarter. Aperio Group LLC now owns 6,105 shares of the technology company’s stock worth $1,007,000 after buying an additional 206 shares during the last quarter. Finally, Rockefeller Financial Services Inc. increased its stake in Littelfuse by 2.5% in the second quarter. Rockefeller Financial Services Inc. now owns 151,685 shares of the technology company’s stock worth $25,028,000 after buying an additional 3,679 shares during the last quarter. Institutional investors own 95.90% of the company’s stock.
Littelfuse Company Profile
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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