Bel Fuse (NASDAQ:BELFB) Given New $95.00 Price Target at Needham & Company LLC

Bel Fuse (NASDAQ:BELFB) had its price target decreased by Needham & Company LLC from $100.00 to $95.00 in a report published on Monday,Benzinga reports. Needham & Company LLC currently has a buy rating on the electronics maker’s stock.

BELFB has been the subject of a number of other reports. Craig Hallum began coverage on Bel Fuse in a research note on Tuesday, March 25th. They set a “buy” rating and a $115.00 price target for the company. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $102.50.

Bel Fuse Trading Down 3.7 %

BELFB stock opened at $65.77 on Monday. Bel Fuse has a twelve month low of $57.20 and a twelve month high of $92.61. The stock has a market capitalization of $824.69 million, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The firm’s fifty day simple moving average is $73.46 and its two-hundred day simple moving average is $78.39.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, beating the consensus estimate of $0.85 by $0.50. The company had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. As a group, analysts anticipate that Bel Fuse will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse’s dividend payout ratio is 8.14%.

Institutional Investors Weigh In On Bel Fuse

Large investors have recently modified their holdings of the business. Bessemer Group Inc. bought a new stake in Bel Fuse during the 1st quarter valued at $19,007,000. Brown Advisory Inc. bought a new position in shares of Bel Fuse in the 4th quarter worth $11,807,000. Janus Henderson Group PLC lifted its stake in shares of Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock worth $32,821,000 after purchasing an additional 141,951 shares during the last quarter. Portolan Capital Management LLC boosted its position in Bel Fuse by 72.5% during the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock valued at $17,193,000 after purchasing an additional 87,612 shares in the last quarter. Finally, Potrero Capital Research LLC grew its stake in Bel Fuse by 107.1% in the fourth quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock valued at $12,039,000 after purchasing an additional 75,483 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.