Bel Fuse (NASDAQ:BELFB) Rating Lowered to “Buy” at 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 report issued on Monday.

BELFB has been the topic of a number of other reports. Zacks Research lowered shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bel Fuse in a research report on Monday, December 29th. Oppenheimer set a $180.00 price target on Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Needham & Company LLC increased their target price on shares of Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Robert W. Baird set a $170.00 price objective on Bel Fuse in a report on Friday, October 31st. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $173.00.

Bel Fuse Price Performance

Shares of BELFB opened at $201.19 on Monday. The business’s 50 day moving average price is $178.55 and its two-hundred day moving average price is $153.36. Bel Fuse has a 52-week low of $57.99 and a 52-week high of $214.32. The firm has a market cap of $2.55 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.14 and a beta of 1.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06.

Insider Activity at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 564 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total value of $80,065.44. Following the transaction, the vice president owned 7,755 shares of the company’s stock, valued at approximately $1,100,899.80. This represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph Berry sold 408 shares of the 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 completion of the transaction, the vice president owned 17,893 shares in the company, valued at $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,027 shares of company stock worth $435,034 in the last 90 days. 5.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Bel Fuse

A number of large investors have recently modified their holdings of BELFB. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Bel Fuse by 11.1% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,879 shares of the electronics maker’s stock worth $658,000 after buying an additional 387 shares during the period. UBS Group AG lifted its stake in shares of Bel Fuse by 215.7% during the 4th quarter. UBS Group AG now owns 46,575 shares of the electronics maker’s stock worth $7,901,000 after purchasing an additional 31,820 shares during the last quarter. NBC Securities Inc. bought a new stake in Bel Fuse during the fourth quarter valued at about $107,000. B. Metzler seel. Sohn & Co. AG purchased a new position in Bel Fuse in the fourth quarter valued at about $843,000. Finally, Round Rock Advisors LLC bought a new position in Bel Fuse in the fourth quarter worth about $309,000. Hedge funds and other institutional investors 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.