Bel Fuse (NASDAQ:BELFB) Rating Increased to Strong-Buy 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 report issued on Sunday.

Other equities research analysts have also issued reports about the company. Needham & Company LLC lifted their price target on Bel Fuse from $168.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Oppenheimer set a $180.00 target price on shares of Bel Fuse and gave the company an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a research note on Monday, December 29th. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a report on Friday, October 31st. Finally, Zacks Research cut shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $196.50 on Friday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 37.79, a P/E/G ratio of 2.09 and a beta of 1.56. Bel Fuse has a 1 year low of $57.99 and a 1 year high of $205.99. The company has a current ratio of 3.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $171.97 and a 200 day simple moving average of $149.60.

Insider Activity

In other news, VP Kenneth Koon Keung Lai sold 564 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total transaction of $80,065.44. Following the sale, the vice president owned 7,755 shares of the company’s stock, valued at $1,100,899.80. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Joseph Berry sold 408 shares of Bel Fuse stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the transaction, the vice president owned 17,893 shares in the company, valued at $2,580,707.39. This trade represents a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,027 shares of company stock valued at $435,034 over the last 90 days. Corporate insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 117 shares during the last quarter. Jones Financial Companies Lllp lifted its position 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 purchasing an additional 151 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of 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 in the last quarter. Ameritas Advisory Services LLC acquired a new position in Bel Fuse during the second quarter worth $50,000. Finally, State of Alaska Department of Revenue bought a new position in Bel Fuse in the third quarter valued at $78,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.