Bel Fuse Inc. (NASDAQ:BELFB) Receives $184.80 Consensus Price Target from Analysts

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have earned an average rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $184.80.

Several equities research analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $168.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Northland Securities set a $247.00 target price on Bel Fuse in a research report on Tuesday, February 3rd. Finally, Oppenheimer set a $180.00 price target on Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st.

Insider Buying and Selling

In related news, VP Kenneth Koon Keung Lai sold 564 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the completion of the transaction, the vice president owned 7,755 shares of the company’s stock, valued at approximately $1,100,899.80. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its position in shares of Bel Fuse by 2.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock valued at $693,000 after buying an additional 79 shares in the last quarter. PFG Advisors increased its stake in Bel Fuse by 1.3% during the 4th quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock worth $1,129,000 after acquiring an additional 84 shares during the period. Arizona State Retirement System raised its holdings in Bel Fuse by 3.3% in the 3rd quarter. Arizona State Retirement System now owns 3,112 shares of the electronics maker’s stock valued at $439,000 after acquiring an additional 99 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Bel Fuse by 6.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock valued at $156,000 after acquiring an additional 100 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after acquiring an additional 115 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $232.84 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06. Bel Fuse has a 52 week low of $57.99 and a 52 week high of $248.61. The company’s 50 day moving average price is $192.17 and its two-hundred day moving average price is $161.22. The company has a market capitalization of $2.95 billion, a P/E ratio of 44.78, a price-to-earnings-growth ratio of 2.47 and a beta of 1.55.

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.