T. Rowe Price Investment Management Inc. Acquires 55,835 Shares of Littelfuse, Inc. (NASDAQ:LFUS)

T. Rowe Price Investment Management Inc. boosted its position in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 763,396 shares of the technology company's stock after purchasing an additional 55,835 shares during the period. T. Rowe Price Investment Management Inc. owned 3.08% of Littelfuse worth $179,895,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in shares of 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 purchasing an additional 8,588 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Littelfuse by 5.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 953 shares of the technology company's stock worth $225,000 after purchasing an additional 50 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Littelfuse in the 4th quarter valued at approximately $5,892,000. Bank of New York Mellon Corp raised its stake in shares of 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 acquiring an additional 18,013 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Littelfuse by 0.4% in the 4th quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company's stock valued at $121,048,000 after acquiring an additional 2,056 shares in the last quarter. 96.14% of the stock is owned by hedge funds and other institutional investors.

Littelfuse Stock Performance

Shares of NASDAQ:LFUS traded down $1.62 during trading on Tuesday, hitting $177.42. 51,162 shares of the stock were exchanged, compared to its average volume of 153,586. The company's fifty day simple moving average is $194.98 and its 200-day simple moving average is $226.64. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.62 and a current ratio of 3.61. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 2.24 and a beta of 1.30. Littelfuse, Inc. has a 1-year low of $142.10 and a 1-year high of $275.58.

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 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 last year, the business posted $2.02 EPS. Sell-side analysts expect that Littelfuse, Inc. will post 9.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LFUS. Robert W. Baird reissued a "neutral" rating and issued a $182.00 price objective (down from $225.00) on shares of Littelfuse in a research note on Tuesday, April 15th. StockNews.com downgraded Littelfuse from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Benchmark reissued a "hold" rating on shares of Littelfuse in a research note on Thursday, April 10th. Finally, Baird R W downgraded Littelfuse from a "strong-buy" rating to a "hold" rating 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 stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $258.00.

Littelfuse Company 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.