Bel Fuse Inc. (NASDAQ:BELFB) Receives $216.50 Average Target Price from Brokerages

Bel Fuse Inc. (NASDAQ:BELFB) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $216.50.

A number of equities research analysts have weighed in on BELFB shares. Weiss Ratings cut shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Needham & Company LLC upped their price objective on shares of Bel Fuse from $212.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Northland Securities set a $266.00 price objective on shares of Bel Fuse in a report on Thursday, February 19th. Finally, Zacks Research cut shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $206.90 on Friday. The stock has a market capitalization of $2.62 billion, a P/E ratio of 42.14, a P/E/G ratio of 2.08 and a beta of 1.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71. Bel Fuse has a 1 year low of $57.99 and a 1 year high of $248.61. The company’s 50-day moving average is $214.76 and its 200 day moving average is $180.55.

Bel Fuse Dividend Announcement

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

Insider Transactions at Bel Fuse

In other Bel Fuse news, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction dated 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 sale, the director owned 15,047 shares in the company, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. 5.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BELFB. Price T Rowe Associates Inc. MD lifted its stake in shares of Bel Fuse by 74.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after buying an additional 355,563 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Bel Fuse in the fourth quarter worth approximately $42,680,000. Wasatch Advisors LP lifted its stake in shares of Bel Fuse by 74.3% in the fourth quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock worth $69,631,000 after buying an additional 174,969 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Bel Fuse by 45.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after buying an additional 161,736 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Bel Fuse by 1,345.9% in the fourth quarter. JPMorgan Chase & Co. now owns 143,361 shares of the electronics maker’s stock worth $24,318,000 after buying an additional 133,446 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

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.