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Investing.com - Benchmark maintained its Hold rating on Littelfuse Inc (NASDAQ:LFUS) following the company’s second-quarter results, which showed solid performance across multiple segments. The stock has gained over 14% in the past week and is currently trading near its 52-week high of $275.56, according to InvestingPro data.
The electronics manufacturer delivered strong quarterly results with notable quarter-over-quarter growth in its Industrial and Transportation segments. The Electronics segment also showed positive growth, driven by strength in passives and protection products, though power semiconductors continued to show weakness. With an EBITDA of $418.28 million and a gross profit margin of 36.5%, the company maintains solid operational efficiency.
Littelfuse demonstrated improved volume leverage that contributed to meaningful operating margin and Adjusted EBITDA improvements. The company’s operational initiatives have begun to yield positive results, according to Benchmark’s analysis.
Bookings exiting the quarter reached their highest level since 2022, with a book-to-bill ratio above 1, suggesting more durable underlying demand trends. While channel replenishment likely provided a partial tailwind, shipments appear to be aligned with end consumption, indicating a stable to improving demand environment.
Despite these encouraging signs, Benchmark remains cautious about the sustainability of current demand trends, citing "multiple false starts" in the past. The research firm indicated it would need to see another quarter of improvement before taking a more constructive stance on the stock. InvestingPro analysis suggests the stock may be overvalued at current levels, with a P/E ratio of 59.9x and RSI indicating overbought conditions. Subscribers can access 12 additional ProTips and comprehensive financial analysis in the Pro Research Report.
In other recent news, Littelfuse Inc. reported impressive financial results for the second quarter of 2025. The company’s earnings per share (EPS) reached $2.85, surpassing the forecasted $2.33, which represents a 22.32% surprise. Revenue also exceeded expectations, coming in at $613 million compared to the anticipated $576.65 million. In light of these strong results, Oppenheimer has raised its price target for Littelfuse to $325 from $275, maintaining an Outperform rating. Analyst Christopher Glynn from Oppenheimer noted a "broadening recovery" across multiple segments of the company. These developments indicate a positive trajectory for Littelfuse in the current quarter.
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