Silvercrest Asset Management Group buys $141,879,851 stake in Littelfuse (LFUS)

Littelfuse (LFUS) : Silvercrest Asset Management Group scooped up 76,589 additional shares in Littelfuse during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,203,902 shares of Littelfuse which is valued at $141,879,851.Littelfuse makes up approximately 1.72% of Silvercrest Asset Management Group’s portfolio.

Other Hedge Funds, Including , Cubist Systematic Strategies sold out all of its stake in LFUS during the most recent quarter. The investment firm sold 1,945 shares of LFUS which is valued $229,218.Glenmede Trust Co Na reduced its stake in LFUS by selling 59,362 shares or 24.26% in the most recent quarter. The Hedge Fund company now holds 185,360 shares of LFUS which is valued at $21,950,331. Littelfuse makes up approx 0.13% of Glenmede Trust Co Na’s portfolio. Nichols Asset Management sold out all of its stake in LFUS during the most recent quarter. The investment firm sold 97,494 shares of LFUS which is valued $11,545,239.

Littelfuse closed down -0.08 points or -0.06% at $126.72 with 1,19,336 shares getting traded on Thursday. Post opening the session at $127.34, the shares hit an intraday low of $126.06 and an intraday high of $128.1 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Littelfuse reported $1.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.42. The company had revenue of $271.90 million for the quarter, compared to analysts expectations of $270.90 million. The company’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS.

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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