Nichols Asset Management Lowers stake in Littelfuse (LFUS)

Littelfuse (LFUS) : Nichols Asset Management reduced its stake in Littelfuse by 0.82% during the most recent quarter end. The investment management company now holds a total of 97,494 shares of Littelfuse which is valued at $11,713,904 after selling 810 shares in Littelfuse , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Littelfuse makes up approximately 2.53% of Nichols Asset Management’s portfolio.

Littelfuse closed down -0.05 points or -0.04% at $120.96 with 45,383 shares getting traded on Wednesday. Post opening the session at $120.6, the shares hit an intraday low of $118.9 and an intraday high of $121.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Independent Portfolio Consultants boosted its stake in LFUS in the latest quarter, The investment management firm added 7,310 additional shares and now holds a total of 12,275 shares of Littelfuse which is valued at $1,480,856. Littelfuse makes up approx 0.41% of Independent Portfolio Consultants’s portfolio. Creative Planning sold out all of its stake in LFUS during the most recent quarter. The investment firm sold 77 shares of LFUS which is valued $9,101.

On the company’s financial health, Littelfuse reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 2, 2016. Analyst had a consensus of $1.17. The company had revenue of $220.02 million for the quarter, compared to analysts expectations of $214.73 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Many Wall Street Analysts have commented on Littelfuse. Company shares were Reiterated by Oppenheimer on Feb 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 124 from a previous price target of $112 .Company shares were Reiterated by Oppenheimer on Feb 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 124 from a previous price target of $112 .

Littelfuse Inc. (Littelfuse) is a supplier of circuit protection products for the electronics automotive and electrical industries. In addition to the portfolio of circuit protection products and solutions the Company and its subsidiaries offer a line of electromechanical and electronic switch and control devices for commercial and specialty vehicles and sensors for automobile safety systems as well as protection relays and power distribution centers. The Company operates in three segments: Electronics Automotive and Electrical. Electronic circuit protection products are used to protect circuits in electronic systems. Its Electronic product offering includes a line of overcurrent and overvoltage solutions as well as sensors. The company’s automotive fuse products include ATO MINI MIDI MEGA Masterfuse JCASE and CablePro. It manufactures and sells a range of Electrical Products including low-voltage and medium-voltage circuit protection products.

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