Bel Fuse (NASDAQ:BELFB) Upgraded to Strong-Buy at Wall Street Zen

Bel Fuse (NASDAQ:BELFB) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also recently issued research reports about the company. Northland Securities set a $188.00 target price on Bel Fuse in a research note on Friday. Oppenheimer set a $180.00 target price on Bel Fuse and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings reissued 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 Bel Fuse from $130.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Robert W. Baird set a $170.00 target price on Bel Fuse in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Buy” and a consensus price target of $164.20.

Bel Fuse Price Performance

NASDAQ:BELFB opened at $153.99 on Friday. Bel Fuse has a one year low of $57.99 and a one year high of $159.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. The stock has a market cap of $1.95 billion, a PE ratio of 29.61, a P/E/G ratio of 1.86 and a beta of 1.55. The stock has a 50 day moving average price of $144.68 and a 200 day moving average price of $111.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BELFB. CWM LLC boosted its holdings in 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 purchasing an additional 228 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Bel Fuse during the 2nd quarter worth about $50,000. State of Alaska Department of Revenue purchased a new stake in Bel Fuse during the 3rd quarter worth about $78,000. BNP Paribas Financial Markets lifted its holdings in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after buying an additional 375 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Bel Fuse by 437.8% during 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 during the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.