Bel Fuse Inc. (NASDAQ:BELFB) Receives $113.60 Consensus PT from Analysts

Bel Fuse Inc. (NASDAQ:BELFB) has received an average recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Five 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 ratings on the stock in the last year is $113.60.

BELFB has been the subject of several recent research reports. Baird R W raised Bel Fuse to a “strong-buy” rating in a research report on Tuesday, June 10th. Oppenheimer set a $125.00 price target on Bel Fuse and gave the stock an “outperform” rating in a research report on Wednesday, July 2nd. Needham & Company LLC boosted their price target on Bel Fuse from $116.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Robert W. Baird initiated coverage on Bel Fuse in a research report on Tuesday, June 10th. They issued an “outperform” rating and a $88.00 price target for the company. Finally, Northland Securities boosted their price target on Bel Fuse from $93.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, June 30th.

Bel Fuse Price Performance

Shares of BELFB stock opened at $125.91 on Monday. Bel Fuse has a 52-week low of $57.99 and a 52-week high of $131.68. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 3.05. The firm has a market capitalization of $1.60 billion, a P/E ratio of 30.86, a P/E/G ratio of 1.79 and a beta of 1.51. The stock has a 50 day moving average price of $92.55 and a 200 day moving average price of $81.69.

Insider Activity at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the sale, the vice president owned 12,155 shares of the company’s stock, valued at approximately $1,021,384.65. This trade represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its position in shares of Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after buying an additional 228 shares during the period. Ameritas Advisory Services LLC purchased a new position in Bel Fuse in the second quarter valued at $50,000. KLP Kapitalforvaltning AS purchased a new position in Bel Fuse in the fourth quarter valued at $148,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bel Fuse by 40.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker’s stock valued at $222,000 after purchasing an additional 854 shares during the period. Finally, Aristides Capital LLC purchased a new position in Bel Fuse in the first quarter valued at $225,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.