Bel Fuse (NASDAQ:BELFB) Stock Rating Upgraded by Wall Street Zen

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

BELFB has been the topic of a number of other reports. Needham & Company LLC raised their target price on Bel Fuse from $168.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Oppenheimer set a $180.00 price target on Bel Fuse and gave the stock an “outperform” rating in a research note on Friday, October 31st. Northland Securities set a $188.00 target price on shares of Bel Fuse in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Bel Fuse in a research report on Monday, December 29th. Finally, Robert W. Baird set a $170.00 price target on Bel Fuse in a research note on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bel Fuse currently has an average rating of “Moderate Buy” and a consensus price target of $173.00.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $196.50 on Friday. The firm has a market capitalization of $2.49 billion, a P/E ratio of 37.79, a P/E/G ratio of 2.09 and a beta of 1.56. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75. Bel Fuse has a 12 month low of $57.99 and a 12 month high of $205.99. The company’s fifty day moving average price is $171.97 and its two-hundred day moving average price is $149.27.

Insider Activity at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 1,936 shares of the company’s stock in a transaction 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 sale, the vice president owned 8,319 shares in the company, valued at approximately $1,199,849.37. This represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Joseph Berry sold 408 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the sale, the vice president owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This trade represents a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,027 shares of company stock worth $435,034. Corporate insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its position in Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Bel Fuse by 139.8% in the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 151 shares during the period. Federated Hermes Inc. raised its position in shares of Bel Fuse by 52.5% in the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after acquiring an additional 115 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Bel Fuse during the second quarter worth about $50,000. Finally, State of Alaska Department of Revenue purchased a new stake in Bel Fuse during the 3rd quarter valued at about $78,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

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.