Guggenheim Capital LLC Sells 16,960 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Guggenheim Capital LLC reduced its stake in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 84.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,169 shares of the technology company's stock after selling 16,960 shares during the period. Guggenheim Capital LLC's holdings in Littelfuse were worth $747,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Littelfuse by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock worth $73,649,000 after buying an additional 8,588 shares during the period. Atria Wealth Solutions Inc. increased its position in Littelfuse by 5.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after acquiring an additional 50 shares during the period. Proficio Capital Partners LLC acquired a new stake in Littelfuse in the 4th quarter worth about $5,892,000. Bank of New York Mellon Corp boosted its holdings in Littelfuse by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 260,102 shares of the technology company's stock valued at $61,293,000 after purchasing an additional 18,013 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Littelfuse by 0.4% during the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock worth $121,048,000 after purchasing an additional 2,056 shares in the last quarter. 96.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of analyst reports. Robert W. Baird reiterated a "neutral" rating and issued a $182.00 price target (down from $225.00) on shares of Littelfuse in a research report on Tuesday, April 15th. Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 15th. StockNews.com cut Littelfuse from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $258.00.

Littelfuse Price Performance

Shares of Littelfuse stock traded down $1.94 during midday trading on Tuesday, hitting $177.11. 162,546 shares of the company traded hands, compared to its average volume of 154,170. The firm's fifty day moving average price is $194.98 and its 200-day moving average price is $226.64. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 39.36, a PEG ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a 12 month low of $142.10 and a 12 month high of $275.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61.

Littelfuse (NASDAQ:LFUS - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The technology company reported $2.04 EPS for the quarter, meeting analysts' consensus estimates 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 business posted $2.02 earnings per share. As a group, sell-side analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current year.

About Littelfuse

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.