Bel Fuse (NASDAQ:BELFB) Hits New 1-Year High – What’s Next?

by · The Cerbat Gem

Shares of Bel Fuse Inc. (NASDAQ:BELFBGet Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $227.32 and last traded at $226.1350, with a volume of 20732 shares traded. The stock had previously closed at $220.78.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BELFB. Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bel Fuse in a research note on Monday, December 29th. Northland Securities set a $247.00 price target on shares of Bel Fuse in a research note on Tuesday, February 3rd. Oppenheimer set a $180.00 price target on shares of Bel Fuse and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Wall Street Zen downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Monday, February 2nd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $184.80.

View Our Latest Report on Bel Fuse

Bel Fuse Stock Performance

The company has a market cap of $2.90 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 2.35 and a beta of 1.55. The firm’s 50 day simple moving average is $184.89 and its 200-day simple moving average is $157.25. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06.

Insider Activity

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 564 shares of the stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the completion of the sale, the vice president owned 7,755 shares in the company, valued at approximately $1,100,899.80. This represents a 6.78% 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 Joseph Berry sold 408 shares of the business’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 value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,027 shares of company stock valued at $435,034. 5.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. PFG Advisors grew its stake in Bel Fuse by 1.3% during the 4th quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock worth $1,129,000 after purchasing an additional 84 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Bel Fuse by 3.3% in the 3rd quarter. Arizona State Retirement System now owns 3,112 shares of the electronics maker’s stock valued at $439,000 after buying an additional 99 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Bel Fuse by 6.7% during the second quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock worth $156,000 after buying an additional 100 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Bel Fuse by 3.0% during the second quarter. Janney Montgomery Scott LLC now owns 3,862 shares of the electronics maker’s stock worth $377,000 after buying an additional 113 shares during the period. Finally, Federated Hermes Inc. raised 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 valued at $47,000 after acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

(Get Free Report)

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.

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