Littelfuse, Inc. has made a significant move towards expanding its power semiconductor capabilities with the acquisition of a 200mm wafer fab in Dortmund, Germany. The company has entered into a definitive purchase agreement with Elmos Semiconductor SE, valuing the fab at approximately €93 million. This strategic acquisition is expected to be finalized early in fiscal year 2025.
The purchase price for the fab will be divided into two payments. Approximately €37 million will be paid after regulatory approvals, with the remaining €56 million to be paid at closing. Littelfuse is confident that this investment will not have a significant impact on its financial results for fiscal year 2023 or 2024.
The acquisition of the Dortmund fab is a crucial component of Littelfuse’s long-term growth strategy in the power semiconductor market. By expanding its manufacturing capabilities, the company aims to strengthen its position and meet the growing demand for power semiconductors. This strategic move will enable Littelfuse to better serve its customers and drive innovation in the industry.
Littelfuse, Inc.
LFUS
Strong Buy
Updated on: 01/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
LFUS Stock Performance on June 28, 2023: Positive Growth and Stable Trading for LFUS Stock in the Electronic Production Equipment Industry
LFUS Stock Performance on June 28, 2023:
LFUS stock started the day with an opening price of $275.33. Throughout the trading day, LFUS stock fluctuated within a range of $273.10 to $282.46. The trading volume for LFUS on this day was 66,359, which is lower than the average volume of the past three months.
LFUS has a market capitalization of $6.7 billion. LFUS has shown positive growth in the past year, with a growth rate of 30.84%. However, the company’s earnings growth for this year has experienced a decline of 20.33%. Analysts predict a positive earnings growth rate of 12.00% for the next five years. The company’s revenue growth for the previous year was 20.86%.
The price-to-earnings (P/E) ratio for LFUS is 20.4. The price-to-sales ratio is 2.19. The price-to-book ratio is 3.03.
LFUS was relatively stable compared to other stocks on June 28, 2023. LPLLG Display Co Ltd had no change in stock price, while AEIS experienced a 3.16% increase. VICR saw a 1.60% increase in stock price.
LFUS is scheduled to report its earnings on July 26, 2023. Analysts forecast an earnings per share (EPS) of $3.30 for this quarter. LFUS reported an annual revenue of $2.5 billion and an annual profit of $373.3 million in the previous year. The net profit margin for LFUS stands at 14.85%.
LFUS operates in the Electronic Technology sector and specifically in the Electronic Production Equipment industry. The company is headquartered in Chicago, Illinois.
Littelfuse Inc (LFUS) Stock Shows Stable Performance on June 28, 2023: Analysts Predict 1.52% Increase
LFUS stock had a relatively stable performance on June 28, 2023, according to data from CNN Money. The 12-month price forecasts provided by 5 analysts for Littelfuse Inc had a median target of $285.00, with a high estimate of $330.00 and a low estimate of $265.00. The median estimate of $285.00 represents a 1.52% increase from the last price of $280.74. The current consensus among 8 polled investment analysts is to hold stock in Littelfuse Inc. In terms of financial performance, Littelfuse Inc reported earnings per share of $3.30 for the current quarter and sales of $619.1 million for the current quarter. Investors can look forward to the upcoming reporting date of July 26, when Littelfuse Inc will release its financial results for the quarter. Overall, the performance of LFUS stock on June 28, 2023, suggests that investors are optimistic about the future prospects of Littelfuse Inc. However, it is important for investors to conduct their own research and consider their individual investment goals before making any investment decisions.
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