Littelfuse (LFUS) Rose in Q1 on Positive Sentiments

Mairs & Power, an investment advisor, released “Mairs & Power Small Cap Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund was up 0.83% compared to a 2.57% return for the S&P Small Cap 600 TR benchmark and the Morningstar U.S. Fund Small Blend’s 3.17% return. In addition, please check the fund’s top five holdings to know its best picks in 2023.

Mairs & Power Small Cap Fund highlighted stocks like Littelfuse, Inc. (NASDAQ:LFUS) in the first quarter 2023 investor letter. Headquartered in Chicago, Illinois, Littelfuse, Inc. (NASDAQ:LFUS) is a circuit protection, power control, and sensing products manufacturer. On June 13, 2023, Littelfuse, Inc. (NASDAQ:LFUS) stock closed at $272.31 per share. One-month return of Littelfuse, Inc. (NASDAQ:LFUS) was 5.02%, and its shares gained 8.06% of their value over the last 52 weeks. Littelfuse, Inc. (NASDAQ:LFUS) has a market capitalization of $6.848 billion.

Mairs & Power Small Cap Fund made the following comment about Littelfuse, Inc. (NASDAQ:LFUS) in its first quarter 2023 investor letter:

“Littelfuse, Inc. (NASDAQ:LFUS) in Technology, a manufacturer of electric circuit management and protection products rebounded with improved sentiment around the company’s end markets of automotive and industrial, where increased electrification is taking place.”

Semiconductor

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Littelfuse, Inc. (NASDAQ:LFUS) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Littelfuse, Inc. (NASDAQ:LFUS) at the end of first quarter 2023 which was 27 in the previous quarter.

We discussed Littelfuse, Inc. (NASDAQ:LFUS) in another article and shared Vulcan Value Partners’ views on the company. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.