Bel Fuse Inc. (NASDAQ:BELFB) Receives $164.20 Consensus Target Price from Analysts
by Jessica Moore · The Cerbat GemShares of Bel Fuse Inc. (NASDAQ:BELFB – Get Free Report) have been given an average rating of “Buy” by the eight analysts that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $164.20.
A number of research analysts have recently commented on the company. Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 21st. Robert W. Baird set a $170.00 price target on Bel Fuse in a report on Friday, October 31st. Zacks Research upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Northland Securities set a $188.00 price objective on shares of Bel Fuse in a research report on Friday, October 31st. Finally, Needham & Company LLC upped their target price on shares of Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 30th.
View Our Latest Report on Bel Fuse
Insider Activity
In other Bel Fuse news, VP Joseph Berry sold 408 shares of Bel Fuse 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 of the company’s stock, valued at $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Kenneth Koon Keung Lai sold 564 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,100,899.80. This represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,027 shares of company stock valued at $435,034 over the last three months. Company insiders own 5.37% of the company’s stock.
Institutional Trading of Bel Fuse
Several institutional investors and hedge funds have recently bought and sold shares of BELFB. Jones Financial Companies Lllp boosted its stake in shares of Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after buying an additional 151 shares during the period. Federated Hermes Inc. raised its stake in Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after acquiring an additional 115 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Bel Fuse during the 2nd quarter worth approximately $50,000. State of Alaska Department of Revenue purchased a new position in shares of Bel Fuse in the 3rd quarter valued at approximately $78,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Bel Fuse in the 3rd quarter valued at approximately $138,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.
Bel Fuse Stock Performance
NASDAQ:BELFB opened at $169.63 on Thursday. Bel Fuse has a 12 month low of $57.99 and a 12 month high of $179.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75. The firm has a market capitalization of $2.15 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 1.90 and a beta of 1.55. The business’s fifty day moving average price is $160.24 and its 200 day moving average price is $137.96.
Bel Fuse Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. Bel Fuse’s dividend payout ratio (DPR) is presently 5.38%.
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.
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