Bel Fuse Inc. (NASDAQ:BELFB) Receives $196.20 Average Price Target from Brokerages

Bel Fuse Inc. (NASDAQ:BELFB) has earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $196.20.

Several research firms have recently weighed in on BELFB. Zacks Research lowered Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Needham & Company LLC boosted their price target on Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Weiss Ratings cut Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 25th. Northland Securities set a $266.00 price objective on Bel Fuse in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $195.18 on Tuesday. Bel Fuse has a twelve month low of $57.99 and a twelve month high of $248.61. The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. The stock has a market cap of $2.47 billion, a P/E ratio of 39.75, a PEG ratio of 2.04 and a beta of 1.52. The company’s 50-day simple moving average is $209.56 and its 200 day simple moving average is $172.32.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse’s dividend payout ratio is currently 5.70%.

Insider Activity at Bel Fuse

In related news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the transaction, the director owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their position. The SEC filing for this sale provides additional information. 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 made changes to their positions in the business. Janney Montgomery Scott LLC lifted its position in Bel Fuse by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock worth $693,000 after buying an additional 79 shares in the last quarter. PFG Advisors increased its position in Bel Fuse by 1.3% in the 4th quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock valued at $1,129,000 after acquiring an additional 84 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Bel Fuse by 3.3% in the third quarter. Arizona State Retirement System now owns 3,112 shares of the electronics maker’s stock worth $439,000 after acquiring an additional 99 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Bel Fuse by 6.7% during the second quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock worth $156,000 after purchasing an additional 100 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Bel Fuse by 52.5% during the third quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 115 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

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.