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

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

Several other research firms have also weighed in on BELFB. Needham & Company LLC lifted their price objective on Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Robert W. Baird set a $170.00 price objective on shares of Bel Fuse in a report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Bel Fuse in a research note on Wednesday, October 8th. Oppenheimer set a $180.00 price objective on Bel Fuse and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Zacks Research raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $164.20.

Bel Fuse Trading Up 5.5%

Shares of BELFB opened at $175.69 on Friday. Bel Fuse has a twelve month low of $57.99 and a twelve month high of $178.66. The firm’s 50-day moving average is $155.96 and its two-hundred day moving average is $132.66. The firm has a market capitalization of $2.22 billion, a P/E ratio of 33.79, a PEG ratio of 1.93 and a beta of 1.55. The company has a current ratio of 3.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53.

Insiders Place Their Bets

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 564 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the transaction, the vice president directly owned 7,755 shares in the company, valued at $1,100,899.80. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joseph Berry sold 408 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 $58,845.84. Following the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,027 shares of company stock worth $435,034 over the last quarter. Company 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 modified their holdings of BELFB. Vanguard Group Inc. boosted its holdings in Bel Fuse by 1.4% during the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock worth $68,654,000 after buying an additional 12,808 shares during the last quarter. Bessemer Group Inc. grew its holdings in Bel Fuse by 28.3% during the second quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock valued at $31,827,000 after purchasing an additional 71,895 shares during the period. Geode Capital Management LLC increased its stake in Bel Fuse by 2.6% in the second quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker’s stock valued at $31,451,000 after purchasing an additional 8,243 shares in the last quarter. Wasatch Advisors LP raised its holdings in Bel Fuse by 33.6% in the second quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after purchasing an additional 71,390 shares during the period. Finally, Makaira Partners LLC bought a new position in shares of Bel Fuse during the first quarter worth $18,415,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.