Bel Fuse (NASDAQ:BELFB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a strong-buy rating in a research note published on Sunday.

Several other equities analysts have also issued reports on BELFB. Northland Securities set a $188.00 price target on Bel Fuse in a research report on Friday, October 31st. Needham & Company LLC lifted their target price on shares of Bel Fuse from $130.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Bel Fuse in a report on Wednesday, October 8th. Finally, Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, Bel Fuse has a consensus rating of “Buy” and a consensus price target of $164.20.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $177.23 on Friday. The company’s fifty day moving average is $157.14 and its 200 day moving average is $134.48. Bel Fuse has a 52 week low of $57.99 and a 52 week high of $179.41. The stock has a market cap of $2.24 billion, a PE ratio of 34.08, a PEG ratio of 1.91 and a beta of 1.55. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. Bel Fuse’s payout ratio is currently 5.38%.

Insider Transactions at Bel Fuse

In other Bel Fuse news, VP Joseph Berry sold 408 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $58,845.84. Following the transaction, the vice president owned 17,893 shares in the company, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $144.23, for a total value of $279,229.28. Following the completion of the transaction, the vice president directly owned 8,319 shares of the company’s stock, valued at $1,199,849.37. This represents a 18.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 3,027 shares of company stock valued at $435,034. 5.37% of the stock is owned by insiders.

Institutional Trading of Bel Fuse

Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in shares of Bel Fuse by 139.8% in the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 151 shares during the period. Federated Hermes Inc. boosted its holdings in Bel Fuse by 52.5% in the third quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 115 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Bel Fuse in the 2nd quarter worth approximately $50,000. State of Alaska Department of Revenue purchased a new stake in Bel Fuse during the 3rd quarter valued at $78,000. Finally, BNP Paribas Financial Markets raised its stake in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after buying an additional 375 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.