Vulcan Value Partners LLC Sells 16,851 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

Vulcan Value Partners LLC trimmed its position in Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,093 shares of the technology company's stock after selling 16,851 shares during the quarter. Littelfuse makes up approximately 0.8% of Vulcan Value Partners LLC's portfolio, making the stock its 24th biggest holding. Vulcan Value Partners LLC owned approximately 0.81% of Littelfuse worth $47,152,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Littelfuse by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 312,535 shares of the technology company's stock valued at $73,649,000 after purchasing an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in Littelfuse by 5.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock valued at $225,000 after purchasing an additional 50 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Littelfuse in the fourth quarter valued at approximately $5,892,000. Bank of New York Mellon Corp raised its stake in Littelfuse by 7.4% in the fourth 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 in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Littelfuse by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock valued at $121,048,000 after purchasing an additional 2,056 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Trading Up 1.7 %

Shares of Littelfuse stock traded up $2.98 on Monday, hitting $179.04. The stock had a trading volume of 211,258 shares, compared to its average volume of 153,952. 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, Inc. has a one year low of $142.10 and a one year high of $275.58. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.24 and a beta of 1.30. The stock's 50-day simple moving average is $194.98 and its two-hundred day simple moving average is $226.64.

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

Analyst Ratings Changes

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

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.