Analysts Set Bel Fuse Inc. (NASDAQ:BELFB) PT at $138.40

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been given a consensus rating of “Buy” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $138.40.

A number of brokerages have weighed in on BELFB. Oppenheimer increased their target price on shares of Bel Fuse from $140.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bel Fuse in a research note on Wednesday, October 8th. Needham & Company LLC raised their target price on shares of Bel Fuse from $116.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Northland Securities lifted their target price on Bel Fuse from $93.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, June 30th. Finally, Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 6th.

Insider Buying and Selling at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 1,900 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $128.00, for a total transaction of $243,200.00. Following the completion of the transaction, the vice president owned 10,255 shares in the company, valued at approximately $1,312,640. This represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Dawson sold 1,200 shares of Bel Fuse stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following the sale, the insider directly owned 14,265 shares in the company, valued at approximately $1,812,653.55. This trade represents a 7.76% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

Institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 228 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Bel Fuse during the 2nd quarter valued at $50,000. BNP Paribas Financial Markets increased its position in shares of Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 375 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Bel Fuse by 437.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock worth $101,000 after buying an additional 845 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Bel Fuse by 6.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock valued at $156,000 after buying an additional 100 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

BELFB stock opened at $145.02 on Friday. The stock’s 50 day simple moving average is $139.10 and its 200 day simple moving average is $103.41. Bel Fuse has a 12-month low of $57.99 and a 12-month high of $152.45. The firm has a market cap of $1.84 billion, a P/E ratio of 35.54, a P/E/G ratio of 1.68 and a beta of 1.55. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63.

Bel Fuse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, October 15th. This is a positive change from Bel Fuse’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. Bel Fuse’s dividend payout ratio (DPR) is 6.86%.

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.