Bel Fuse Inc. (NASDAQ:BELFB) Receives Average Rating of “Buy” from Brokerages

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $113.60.

A number of research analysts have recently commented on BELFB shares. Wall Street Zen upgraded shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Northland Securities upped their target price on Bel Fuse from $93.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, June 30th. Oppenheimer set a $125.00 price target on Bel Fuse and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Baird R W upgraded shares of Bel Fuse to a “strong-buy” rating in a research report on Tuesday, June 10th. Finally, Needham & Company LLC lifted their target price on shares of Bel Fuse from $116.00 to $130.00 and gave the company a “buy” rating in a research report on Friday.

Insiders Place Their Bets

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $84.03, for a total transaction of $336,120.00. Following the completion of the transaction, the vice president owned 12,155 shares of the company’s stock, valued at $1,021,384.65. This trade represents a 24.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. CWM LLC raised its holdings in shares of Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 228 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Bel Fuse in the 2nd quarter worth approximately $50,000. KLP Kapitalforvaltning AS purchased a new stake in Bel Fuse during the 4th quarter valued at $148,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Bel Fuse by 40.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker’s stock valued at $222,000 after buying an additional 854 shares during the period. Finally, Aristides Capital LLC purchased a new position in shares of Bel Fuse in the 1st quarter worth $225,000. 58.39% of the stock is owned by institutional investors.

Bel Fuse Trading Up 16.4%

Shares of Bel Fuse stock opened at $119.84 on Monday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 29.37, a P/E/G ratio of 1.70 and a beta of 1.51. Bel Fuse has a 52-week low of $57.99 and a 52-week high of $122.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 3.05. The stock’s 50-day simple moving average is $89.36 and its 200 day simple moving average is $80.69.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.50. The business had revenue of $152.24 million during the quarter, compared to analyst estimates of $147.93 million. Bel Fuse had a net margin of 8.59% and a return on equity of 14.12%. As a group, research analysts anticipate that Bel Fuse will post 4.63 EPS for the current year.

Bel Fuse Company Profile

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.