Engineers Gate Manager LP Invests $35.11 Million in Littelfuse, Inc. $LFUS

Engineers Gate Manager LP bought a new stake in Littelfuse, Inc. (NASDAQ:LFUSFree Report) in the second quarter, Holdings Channel reports. The institutional investor bought 77,115 shares of the technology company’s stock, valued at approximately $35,113,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Baird Financial Group Inc. grew its position in Littelfuse by 491.7% during the 2nd quarter. Baird Financial Group Inc. now owns 50,679 shares of the technology company’s stock worth $23,076,000 after acquiring an additional 42,114 shares during the last quarter. Arizona State Retirement System raised its position in Littelfuse by 1.5% in the 2nd quarter. Arizona State Retirement System now owns 6,943 shares of the technology company’s stock valued at $3,161,000 after purchasing an additional 104 shares during the last quarter. Waverly Advisors LLC bought a new position in Littelfuse in the 2nd quarter valued at $238,000. Nykredit A S acquired a new position in Littelfuse in the second quarter worth $350,000. Finally, Corient Private Wealth LP boosted its stake in Littelfuse by 34.4% in the second quarter. Corient Private Wealth LP now owns 12,856 shares of the technology company’s stock worth $5,854,000 after purchasing an additional 3,288 shares in the last quarter. 96.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LFUS has been the subject of a number of research reports. Zacks Research lowered Littelfuse from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Robert W. Baird upped their price target on shares of Littelfuse from $500.00 to $535.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Weiss Ratings upgraded shares of Littelfuse from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 30th. Finally, Needham & Company LLC reissued a “buy” rating and set a $520.00 price objective on shares of Littelfuse in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Littelfuse has a consensus rating of “Moderate Buy” and a consensus price target of $465.83.

Get Our Latest Analysis on Littelfuse

Littelfuse Stock Down 0.2%

NASDAQ:LFUS opened at $421.98 on Thursday. The stock’s fifty day moving average price is $423.34 and its two-hundred day moving average price is $411.33. Littelfuse, Inc. has a 52-week low of $233.36 and a 52-week high of $500.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.00 and a current ratio of 2.76. The company has a market cap of $10.72 billion, a price-to-earnings ratio of -843.94, a P/E/G ratio of 2.23 and a beta of 1.47.

Littelfuse (NASDAQ:LFUSGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $4.19 EPS for the quarter, beating analysts’ consensus estimates of $3.78 by $0.41. The firm had revenue of $738.78 million for the quarter, compared to analyst estimates of $703.38 million. Littelfuse had a positive return on equity of 13.02% and a negative net margin of 0.31%.The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $2.30 EPS. Littelfuse has set its Q3 2026 guidance at 4.850-5.050 EPS. On average, analysts anticipate that Littelfuse, Inc. will post 15.78 EPS for the current year.

Littelfuse Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were issued a $0.80 dividend. This is a positive change from Littelfuse’s previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, August 20th. Littelfuse’s dividend payout ratio (DPR) is -640.00%.

About Littelfuse

(Free Report)

Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.

The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.

See Also

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Institutional Ownership by Quarter for Littelfuse (NASDAQ:LFUS)

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