Littelfuse, Inc. (NASDAQ:LFUS) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its stake in shares of Littelfuse, Inc. (NASDAQ:LFUS) by 84.3% during the 4th quarter, according to the company in its most recent filing 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 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Littelfuse by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 2,807,162 shares of the technology company’s stock worth $661,508,000 after purchasing an additional 40,423 shares during the period. Neuberger Berman Group LLC lifted its holdings in Littelfuse by 1.2% in the fourth quarter. Neuberger Berman Group LLC now owns 1,047,025 shares of the technology company’s stock valued at $246,732,000 after acquiring an additional 11,958 shares during the last quarter. Norges Bank purchased a new position in Littelfuse in the fourth quarter worth approximately $131,579,000. Victory Capital Management Inc. grew its position in Littelfuse by 0.4% in the fourth quarter. Victory Capital Management Inc. now owns 513,679 shares of the technology company’s stock worth $121,048,000 after acquiring an additional 2,056 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Littelfuse by 13.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 315,741 shares of the technology company’s stock worth $74,405,000 after acquiring an additional 37,583 shares during the last quarter. 96.14% of the stock is currently owned by hedge funds and other institutional investors.

Littelfuse Stock Up 8.4 %

Shares of LFUS opened at $176.58 on Friday. 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 stock has a market capitalization of $4.36 billion, a PE ratio of 39.24, a P/E/G ratio of 2.24 and a beta of 1.30. The company’s 50-day simple moving average is $198.01 and its 200-day simple moving average is $228.14. Littelfuse, Inc. has a 1 year low of $142.10 and a 1 year high of $275.58.

Littelfuse (NASDAQ:LFUS) last issued 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 net margin of 5.16% and a return on equity of 8.55%. During the same period in the previous year, the firm posted $2.02 earnings per share. Analysts forecast that Littelfuse, Inc. will post 9.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LFUS. Robert W. Baird reiterated a “neutral” rating and set a $182.00 price target (down from $225.00) on shares of Littelfuse in a report on Tuesday, April 15th. StockNews.com cut shares of Littelfuse from a “buy” rating to a “hold” rating in a research report 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 cut shares of Littelfuse from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. 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, Littelfuse presently has an average rating of “Hold” and an average 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.