Littelfuse, Inc. (NASDAQ:LFUS) Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC boosted its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS - Free Report) by 43.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,647 shares of the technology company's stock after acquiring an additional 1,707 shares during the quarter. Tributary Capital Management LLC's holdings in Littelfuse were worth $1,331,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Verition Fund Management LLC purchased a new position in shares of Littelfuse during the 3rd quarter valued at approximately $14,480,000. Jennison Associates LLC increased its holdings in Littelfuse by 38.4% in the third quarter. Jennison Associates LLC now owns 181,141 shares of the technology company's stock valued at $48,048,000 after buying an additional 50,304 shares in the last quarter. Harvey Partners LLC raised its position in shares of Littelfuse by 39.5% in the third quarter. Harvey Partners LLC now owns 132,500 shares of the technology company's stock worth $35,146,000 after acquiring an additional 37,500 shares during the period. State Street Corp grew its position in shares of Littelfuse by 3.4% during the 3rd quarter. State Street Corp now owns 747,082 shares of the technology company's stock valued at $198,164,000 after acquiring an additional 24,571 shares during the period. Finally, Thematics Asset Management increased its stake in shares of Littelfuse by 37.0% in the 3rd quarter. Thematics Asset Management now owns 87,000 shares of the technology company's stock valued at $23,077,000 after purchasing an additional 23,500 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Littelfuse Price Performance

Shares of NASDAQ LFUS traded down $1.69 during mid-day trading on Friday, reaching $235.01. The company's stock had a trading volume of 114,236 shares, compared to its average volume of 89,210. The stock has a 50-day moving average of $240.17 and a two-hundred day moving average of $251.31. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.52 and a current ratio of 3.55. The stock has a market capitalization of $5.83 billion, a P/E ratio of 30.21, a P/E/G ratio of 1.93 and a beta of 1.26. Littelfuse, Inc. has a 1-year low of $222.91 and a 1-year high of $275.58.

Littelfuse (NASDAQ:LFUS - Get Free Report) last released its earnings results on Tuesday, October 29th. The technology company reported $2.71 earnings per share for the quarter, topping analysts' consensus estimates of $2.09 by $0.62. The business had revenue of $567.39 million for the quarter, compared to analyst estimates of $557.38 million. Littelfuse had a net margin of 8.88% and a return on equity of 8.49%. The business's revenue was down 6.5% on a year-over-year basis. During the same period last year, the company posted $2.97 EPS. On average, equities research analysts anticipate that Littelfuse, Inc. will post 8.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LFUS. StockNews.com raised Littelfuse from a "hold" rating to a "buy" rating in a report on Friday, October 18th. Oppenheimer raised shares of Littelfuse from a "market perform" rating to an "outperform" rating and set a $310.00 price target for the company in a report on Thursday, October 17th. Finally, Benchmark reaffirmed a "hold" rating on shares of Littelfuse in a report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $285.00.

Insider Buying and Selling at Littelfuse

In other news, CAO Jeffrey G. Gorski sold 700 shares of Littelfuse stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $249.02, for a total transaction of $174,314.00. Following the sale, the chief accounting officer now owns 3,105 shares of the company's stock, valued at approximately $773,207.10. The trade was a 18.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by company insiders.

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.