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Littelfuse Inc LFUS Stock Quote

| Rating as of

NASDAQ:LFUS

Morningstar‘s Stock Analysis LFUS

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

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5-Star Price

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Economic Moat

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Capital Allocation

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Littelfuse’s Strong 2022 Continues and Shares Are at a Bargain

Analyst Note

| William Kerwin |

We maintain our $318 fair value estimate for narrow-moat Littelfuse after reporting good third-quarter results. Littelfuse is broadly still enjoying strong demand across its end markets, and supply constraints are slowly alleviating. We anticipate that demand will wane further into 2023, but we believe Littelfuse is well positioned to navigate a softer environment with sticky, vital products. Long term, we remain confident in trends toward high-voltage electric vehicles and renewable energy infrastructure to drive demand and end market outperformance for Littelfuse. We think the current share price ignores this long-term opportunity and overweights the firm’s semiconductor exposure. We see meaningful upside for investors.

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Key Statistics LFUS

Company Profile LFUS

Business Description

Littelfuse is a primary provider of circuit protection products (such as fuses and relays) into the transportation, industrial, telecommunications, and consumer electronics end markets. The firm is also increasing its power semiconductor business, where it predominantly serves industrial end markets and is breaking into electric vehicle charging infrastructure. Littelfuse has 17,000 global employees.

Contact
8755 West Higgins Road, Suite 500
Chicago, IL, 60631
T +1 773 628-1000
Industry Electronic Components
Most Recent Earnings Sep 30, 2022
Fiscal Year End Jan 1, 2023
Employees 17,000