Littelfuse (LFUS) is Initiated by CL King to Buy, Price Target at $174

Littelfuse (LFUS) was Initiated by CL King to “Buy” and the brokerage firm has set the Price Target at $174. CL King advised their investors in a research report released on Dec 1, 2016.

Many Wall Street Analysts have commented on Littelfuse. Littelfuse was Downgraded by Sidoti to ” Neutral” 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 closed down -1.42 points or -0.95% at $148.68 with 2,51,574 shares getting traded on Tuesday. Post opening the session at $150.42, the shares hit an intraday low of $148.25 and an intraday high of $151.12 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Nov 30, 2016, Michael P Rutz (Sr. VP Global Operations) sold 969 shares at $153.07 per share price. According to the SEC, on Nov 29, 2016, Ronald L Schubel (director) sold 1,456 shares at $152.00 per share price. On Nov 29, 2016, T J Chung (director) sold 2,862 shares at $150.00 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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