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LFUS $239.98

LFUS target price
239.98
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0
Littelfuse, Inc.
Type
Public
Traded as NASDAQ: LFUS
S&P 400 component
Industry Electronics, Automotive, Electrical and Silicon
Founded 1927
Founder Edward V. Sundt
Headquarters Chicago, Illinois, United States
Key people
CEO David W. Heinzmann
Products Fuses, Gas discharge tubes, Varistors, Thyristors, ESD suppressors, semiconductors, protection relays, sensors
Revenue IncreaseUS$1.1 billion (2016)
Net income
IncreaseUS$104.5 million (2016)
Number of employees
12.000 (09/2017)
Website http://www.littelfuse.com/

Littelfuse, Inc is a multinational electronic manufacturing company based in Chicago, Illinois. The company primarily produces circuit protection products but also manufactures a variety of electronic switches and automotive sensors. Founded in 1927, Littelfuse, the worldwide leader in circuit protection, offers the industry’s broadest and deepest portfolio of circuit protection products and solutions. Littelfuse devices protect products in virtually every market that uses electrical energy, from consumer electronics to automobiles to industrial equipment. In addition to its Chicago, Illinois, world headquarters, Littelfuse has more than 40 sales, distribution, manufacturing and engineering facilities in the Americas, Europe and Asia.

Littelfuse is the developer of AutoFuse, the first blade-type automotive fuse.

Edward V. Sundt founded Littelfuse in 1927 in Chicago Illinois as Littelfuse Laboratories. Prior to founding Littelfuse, Sundt had worked for General Electric and Stewart-Warner, where he found diagnostic equipment frequently experienced electrical failure. Sundt developed Littelfuse’s first product, a small protective fuse, to regulate current in diagnostic equipment and prevent electrical failure. Littelfuse was incorporated and renamed Littelfuse, Inc. in 1938.

Littelfuse became a public company in 1962. The company retained founder Edward V. Sundt as the chairman of its board. In 1963, Littelfuse moved its headquarters from Chicago to Des Plaines, Illinois. Sundt retired in 1965 and was succeeded by Thomas Blake. Tracor purchased the company in 1968. Blake was made president of Littelfuse, which operated as a wholly owned subsidiary of Tracor.

The company expanded its manufacturing base in the 1970s with new factories opening in Watseka, Illinois and Piedras Negras, Mexico. In 1974, the company also introduced Littelites, electronic indicator lights used in industrial and office machinery, household appliances and computers.

In 1976, Littelfuse developed Autofuse, which was the first blade-type fuse used in automobiles. The Autofuse brand was counterfeited heavily and in 1983 the company obtained an exclusionary order from the United States International Trade Commission, which barred the importation of counterfeit blade-type fuses.

In 1987, Westmark Systems purchased Tracor and its Littelfuse subsidiary in leveraged buyout. Tracor filed for bankruptcy in 1991 and spun off Littelfuse.

Littelfuse reincorporated in November 1991 with Howard Witt as its president and CEO. Witt had worked for Littelfuse since 1979 and had been president and CEO of Littelfuse since February 1990, when the company was still owned by Tracor. In 1991, Littelfuse offered its second IPO in company history. The company’s profits rose throughout the 1990s and the company expanded its operations in Europe and Asia. Littelfuse also expanded into South America with a distribution and engineering center in São Paulo, Brazil.

Gordon Hunter replaced Witt as president and CEO of Littelfuse at the end of 2004. In 2008, Littelfuse restructured its manufacturing operations, closing 16 small manufacturing plants and opening 6 new, larger plants. The company moved its headquarters from Des Plaines, Illinois to Chicago, Illinois the same year.

The company was recognized as Product of the Year by Specifying Engineer in 2010, 2011, 2012 and 2013. Arrow Electronics recognized Littelfuse with an award for Supplier Excellence in 2011. The company received TTI Supplier's Excellence Award in 2010, 2011, 2012 and 2013. Littelfuse received the Chicago Innovation Award in 2012. In 2013, the company received Processing Magazine’s Breakthrough Product of the Year. Littelfuse was recognized as one of the Best Places to Work in Illinois in 2012, 2013 and 2014.

The company announced in November 2016 that COO Dave Heinzmann would succeed Hunter as president and CEO in January 2017.

Littelfuse designs and manufactures circuit protection products for the electronics, automotive and electrical industries. The company operates between three business unit segments: Electronics, Industrial, and Automotive. Products include: fuses and protectors, suppressors, gas discharge tubes, electronic switches, solenoids, battery management devices, and protective relays.

With the acquisition of Hamlin, Inc. in 2013, Littelfuse expanded its product offering to include sensors for the automotive, industrial and consumer industries.

Littelfuse has acquired multiple companies since 1999, including:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-24 Future report Set alerts
Q2 2022 2022-08-02 4.26 4.26
Q1 2022 2022-05-03 4.99 4.99
Q4 2021 2022-02-01 3.16 3.16
Q3 2021 2021-10-26 3.95 3.95
Q2 2021 2021-07-28 3.41 3.41
Q1 2021 2021-04-28 2.67 2.67
Q4 2020 2021-02-03 2.23 2.23
Q3 2020 2020-10-28 0.00 0.00
Q2 2020 2020-07-29 0.71 -0.37

Ratings

2016-05-08 Reiterated Rating Robert W. Baird Buy
2016-03-29 Boost Price Target Oppenheimer Outperform $124.00 to $138.00
2016-03-29 Boost Price Target Oppenheimer Holdings Inc. Outperform $124.00 to $138.00
2016-02-03 Boost Price Target Oppenheimer Outperform $112.00 to $124.00
2016-02-02 Initiated Coverage Oppenheimer Buy
2015-09-18 Reiterated Rating Oppenheimer Outperform $112.00
2015-05-27 Reiterated Rating Oppenheimer Outperform $112.00
2015-04-30 Boost Price Target Oppenheimer Outperform $107.00 to $112.00
2015-01-16 Upgrade Longbow Research Neutral to Buy $116.00
2014-09-12 Upgrade Oppenheimer Market Perform to Outperform $107.00
2014-04-11 Boost Price Target Robert W. Baird $94.00 to $99.00
2013-10-08 Initiated Coverage Barrington Research Market Perform
2013-10-04 Initiated Oppenheimer Perform $83
2013-10-03 Initiated Coverage Oppenheimer Market Perform $83.00
2011-11-17 Initiated Stifel Nicolaus Hold
2011-11-08 Downgrade Barrington Research Outperform to Mkt Perform
2010-04-12 Reiterated Barrington Research Outperform $42 to $50
2010-02-10 Upgrade Barrington Research Mkt Perform to Outperform $42
2009-12-14 Upgrade Robert W. Baird Neutral to Outperform $27 to $35
2008-10-30 Downgrade Longbow Buy to Neutral
2008-09-29 Downgrade Barrington Research Outperform to Mkt Perform
2008-09-25 Reiterated Longbow Buy $41.50 to $40
2008-07-31 Reiterated Longbow Buy $43.50 to $41.50
2008-06-03 Downgrade William Blair Outperform to Mkt Perform
2007-08-02 Upgrade Robert W. Baird Neutral to Outperform $38 to $42
2007-07-31 Reiterated Barrington Research Outperform $47 to $44
2007-02-21 Reiterated Barrington Research Outperform $39 to $45
2007-02-12 Reiterated Barrington Research Outperform $39 to $45
2016-05-08 Reiterated Rating Robert W. Baird Buy
2016-03-29 Boost Price Target Oppenheimer Outperform $124.00 to $138.00
2016-03-29 Boost Price Target Oppenheimer Holdings Inc. Outperform $124.00 to $138.00
2016-02-03 Boost Price Target Oppenheimer Outperform $112.00 to $124.00
2016-02-02 Initiated Coverage Oppenheimer Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
ZOMMER NATHAN 2.02%  (453914) IXYS / LFUS /
GRILLO ANTHONY 0.22%  (49081) LFUS /
HEINZMANN DAVID W Chief Operating Officer 0.18%  (40347) LFUS / PULS /
Stafford Ryan K Sr. VP, Ch. Legal & HR Officer 0.12%  (27574) LFUS /
MAJOR JOHN E 0.11%  (25341) LFUS / LII / ORBC / PULS / RESN /
SCHUBEL RONALD L 0.11%  (24298) LFUS /
HUNTER GORDON Chairman, President & CEO 0.10%  (21774) CTS / LFUS / RBCN / VECO /
NOGLOWS WILLIAM P 0.09%  (20944) CCMP / LFUS /
CHUNG T J 0.08%  (18128) LFUS /
FRANKLIN PHILIP G V.P. Operations Support & CFO 0.05%  (11888) LFUS / TRNC / TTMI /
Sethna Meenal Sr. VP - Finance 0.05%  (11052) LFUS /
FERBERT H DALSEN V.P. & G.M. Electrical Div. 0.05%  (10234) LFUS /
Rutz Michael P VP Suppl Chain & Op. Excell. 0.03%  (5863) LFUS /
Daniel F Stanek V.P. & G.M. Custom Products 0.02%  (5604) LFUS /
Deepak Nayar V.P. & G.M. Electronics Div. 0.02%  (4998) LFUS /
Highley Ian VP & GM Semiconductor Products 0.02%  (4701) LFUS /
Cole Matthew SVP & GM - Industrial 0.02%  (4505) LFUS /
Roeder Dieter V.P. & G.M. Automotive Div. 0.02%  (4403) LFUS /
FU CARY T 0.02%  (4112) BHE / LFUS / TDC /
Gorski Jeffrey G Corp Controller & CAO 0.02%  (3825) LFUS / RRD /
MUCHONEY MARY S Corporate Secretary 0.01%  (3336) LFUS /