Earnest Partners LLC Reduces Holdings in Littelfuse, Inc. (NASDAQ:LFUS)

Earnest Partners LLC lowered its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 427,456 shares of the technology company's stock after selling 3,583 shares during the period. Earnest Partners LLC owned about 1.72% of Littelfuse worth $100,730,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in Littelfuse by 3.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 10,799 shares of the technology company's stock worth $2,545,000 after buying an additional 393 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Littelfuse during the fourth quarter worth approximately $620,000. Lord Abbett & CO. LLC increased its holdings in shares of Littelfuse by 2.0% in the 4th quarter. Lord Abbett & CO. LLC now owns 197,541 shares of the technology company's stock valued at $46,551,000 after acquiring an additional 3,822 shares during the period. Alpine Peaks Capital LP raised its position in Littelfuse by 88.7% in the 4th quarter. Alpine Peaks Capital LP now owns 15,850 shares of the technology company's stock valued at $3,735,000 after purchasing an additional 7,450 shares during the last quarter. Finally, Voya Investment Management LLC boosted its stake in Littelfuse by 0.3% during the 4th quarter. Voya Investment Management LLC now owns 177,343 shares of the technology company's stock worth $41,791,000 after purchasing an additional 485 shares during the period. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Price Performance

Shares of NASDAQ:LFUS opened at $176.06 on Friday. Littelfuse, Inc. has a 52 week low of $142.10 and a 52 week high of $275.58. The company has a 50-day moving average price of $196.50 and a 200 day moving average price of $227.37. The company has a market cap of $4.35 billion, a P/E ratio of 39.12, a PEG ratio of 2.24 and a beta of 1.30. The company has a quick ratio of 2.62, a current ratio of 3.61 and a debt-to-equity ratio of 0.32.

Littelfuse (NASDAQ:LFUS - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting the consensus estimate of $2.04. Littelfuse had a return on equity of 8.55% and a net margin of 5.16%. During the same period in the previous year, the company posted $2.02 earnings per share. Research analysts predict that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

Analyst Ratings Changes

LFUS has been the subject of a number of research reports. Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Thursday, April 10th. Robert W. Baird reaffirmed a "neutral" rating and set a $182.00 price objective (down from $225.00) on shares of Littelfuse in a research note on Tuesday, April 15th. Baird R W cut Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, StockNews.com lowered Littelfuse from a "buy" rating to a "hold" rating in a report on Thursday, March 27th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $258.00.

Littelfuse Profile

Littelfuse, Inc designs, manufactures, and sells electronic components, modules, and subassemblies in the Americas, Asia-Pacific, and Europe. The company operates through Electronic, Transportation, and Industrial segments. The Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, electromechanical switches and interconnect solutions, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors.

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