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

Wall Street Zen upgraded shares of Bel Fuse (NASDAQ:BELFB) from a hold rating to a buy rating in a report issued on Saturday morning.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. raised their target price on Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Robert W. Baird set a $293.00 price target on Bel Fuse in a research note on Friday, May 1st. Bank of America initiated coverage on Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating and a $330.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $315.00 price objective on shares of Bel Fuse in a research note on Friday, May 1st. Finally, B. Riley Financial assumed coverage on Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating on the stock. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $324.00.

Bel Fuse Stock Performance

BELFB stock opened at $284.21 on Friday. The company has a market capitalization of $3.62 billion, a P/E ratio of 68.65, a PEG ratio of 3.09 and a beta of 1.72. The company has a fifty day moving average price of $282.05 and a 200-day moving average price of $250.86. Bel Fuse has a 52-week low of $124.42 and a 52-week high of $335.29.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.76%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its stake in Bel Fuse by 74.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after purchasing an additional 355,563 shares during the period. Janus Henderson Group PLC lifted its stake in Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after buying an additional 140,804 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Bel Fuse by 45.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after buying an additional 161,736 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Bel Fuse by 2.2% during the 2nd quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker’s stock worth $162,994,000 after buying an additional 10,705 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Bel Fuse by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock worth $45,460,000 after buying an additional 2,803 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Company Profile

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.