Bel Fuse (NASDAQ:BELFB) Lowered to “Buy” Rating by Wall Street Zen

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

A number of other equities research analysts have also issued reports on BELFB. Oppenheimer set a $180.00 target price on shares of Bel Fuse and gave the company an “outperform” rating in a research note on Friday, October 31st. Northland Securities set a $188.00 price objective on Bel Fuse in a report on Friday, October 31st. Robert W. Baird set a $170.00 price objective on Bel Fuse in a research report on Friday, October 31st. Needham & Company LLC boosted their target price on Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bel Fuse in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $164.20.

Bel Fuse Stock Performance

Bel Fuse stock opened at $173.12 on Friday. Bel Fuse has a fifty-two week low of $57.99 and a fifty-two week high of $178.66. The firm’s 50 day simple moving average is $153.13 and its 200-day simple moving average is $128.86. 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 company has a market cap of $2.19 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 1.93 and a beta of 1.55.

Insider Activity at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 1,936 shares of the firm’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 transaction of $279,229.28. Following the completion of the transaction, the vice president owned 8,319 shares in the company, valued at $1,199,849.37. This trade represents a 18.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph Berry sold 408 shares of Bel Fuse stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the transaction, the vice president directly owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,027 shares of company stock valued at $435,034. Insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. XTX Topco Ltd purchased a new position in shares of Bel Fuse during the 2nd quarter worth approximately $358,000. Vanguard Group Inc. boosted its position in shares of Bel Fuse by 1.4% during the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock valued at $68,654,000 after purchasing an additional 12,808 shares in the last quarter. Nuveen LLC bought a new stake in shares of Bel Fuse during the first quarter valued at approximately $2,069,000. Russell Investments Group Ltd. grew its stake in Bel Fuse by 31.8% in the first quarter. Russell Investments Group Ltd. now owns 50,886 shares of the electronics maker’s stock worth $3,809,000 after purchasing an additional 12,269 shares during the period. Finally, American Century Companies Inc. raised its holdings in Bel Fuse by 1.5% in the first quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker’s stock worth $26,735,000 after purchasing an additional 5,376 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

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.