Baird Financial Group Inc. Buys 42,114 Shares of Littelfuse, Inc. $LFUS

Baird Financial Group Inc. increased its stake in Littelfuse, Inc. (NASDAQ:LFUS) by 491.7% in the 2nd quarter, Holdings Channel reports. The fund owned 50,679 shares of the technology company’s stock after buying an additional 42,114 shares during the quarter. Baird Financial Group Inc.’s holdings in Littelfuse were worth $23,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LFUS. HighTower Advisors LLC boosted its stake in Littelfuse by 554.6% in the fourth quarter. HighTower Advisors LLC now owns 23,744 shares of the technology company’s stock worth $6,005,000 after buying an additional 20,117 shares in the last quarter. Summit Creek Advisors LLC increased its stake in shares of Littelfuse by 8.7% in the fourth quarter. Summit Creek Advisors LLC now owns 70,714 shares of the technology company’s stock worth $17,885,000 after buying an additional 5,678 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Littelfuse in the fourth quarter valued at about $822,000. Gator Capital Management LLC bought a new position in shares of Littelfuse during the fourth quarter valued at about $2,198,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Littelfuse during the fourth quarter valued at about $2,990,000. Institutional investors own 96.14% of the company’s stock.

Littelfuse Trading Up 4.6%

Shares of NASDAQ:LFUS opened at $432.30 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.76 and a quick ratio of 2.00. Littelfuse, Inc. has a 1 year low of $233.36 and a 1 year high of $500.57. The company has a market cap of $10.98 billion, a P/E ratio of -864.58, a PEG ratio of 2.18 and a beta of 1.47. The stock’s fifty day moving average price is $423.52 and its 200-day moving average price is $411.77.

Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported $4.19 EPS for the quarter, topping the consensus estimate of $3.78 by $0.41. The company had revenue of $738.78 million during the quarter, compared to the consensus estimate of $703.38 million. Littelfuse had a positive return on equity of 13.02% and a negative net margin of 0.31%.Littelfuse’s revenue for the quarter was up 20.4% on a year-over-year basis. 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. Sell-side analysts expect that Littelfuse, Inc. will post 15.78 earnings per share for the current year.

Littelfuse Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 20th. Littelfuse’s dividend payout ratio is currently -640.00%.

Wall Street Analyst Weigh In

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

Littelfuse Profile

Littelfuse, Inc (NASDAQ: LFUS) is an industrial technology company that develops and manufactures products designed to protect, control and sense electrical energy. Its portfolio includes circuit protection devices such as fuses and resettable protection products, as well as power semiconductor components, switches, relays, sensors and related power-control technologies.

The company serves customers across the automotive, industrial, commercial, consumer electronics, telecommunications, energy and transportation markets.