Littelfuse (LFUS) is Downgraded by Sidoti to Neutral

Littelfuse (LFUS) was Downgraded by Sidoti to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Sidoti advised their investors in a research report released on Nov 21, 2016.

On the company’s financial health, Littelfuse reported $1.87 EPS for the quarter, based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus estimate of $1.87. The company had revenue of $280.30 million for the quarter, compared to analysts expectations of $280.10 million. The company’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS.

Littelfuse opened for trading at $149.02 and hit $152.58 on the upside on Monday, eventually ending the session at $150.99, with a gain of 0.13% or 0.19 points. The heightened volatility saw the trading volume jump to 1,67,831 shares. Company has a market cap of $3,402 M.

In a different news, on Sep 21, 2016, Gordon Hunter (Chairman, President & CEO) sold 8,950 shares at $126.19 per share price. According to the SEC, on Sep 2, 2016, Ian Highley (SVP & GM Semiconductor & CTO) sold 1,313 shares at $127.07 per share price. On Sep 1, 2016, David W Heinzmann (Chief Operating Officer) sold 9,400 shares at $127.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Littelfuse Inc. (Littelfuse) is a supplier of circuit protection products for the electronics automotive and electrical industries. In addition to the portfolio of circuit protection products and solutions the Company and its subsidiaries offer a line of electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems as well as protection relays and power distribution centers. The Company operates in three segments: Electronics Automotive and Electrical. Electronic circuit protection products are used to protect circuits in electronic systems. Its Electronic product offering includes a line of overcurrent and overvoltage solutions as well as sensors. The company’s automotive fuse products include ATO MINI MIDI MEGA Masterfuse JCASE and CablePro. It manufactures and sells a range of Electrical Products including low-voltage and medium-voltage circuit protection products.

Littelfuse

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