Bel Fuse (NASDAQ:BELFB) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Bel Fuse (NASDAQ:BELFB) had its price objective hoisted by Needham & Company LLC from $95.00 to $100.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a buy rating on the electronics maker’s stock.

A number of other brokerages have also commented on BELFB. StockNews.com lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 29th. Oppenheimer initiated coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bel Fuse has a consensus rating of “Buy” and a consensus target price of $100.00.

Bel Fuse Stock Performance

Shares of BELFB opened at $84.51 on Thursday. The company has a market capitalization of $1.06 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. Bel Fuse has a one year low of $45.74 and a one year high of $92.61. The company’s fifty day moving average price is $81.81 and its 200 day moving average price is $77.17.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.41% and a net margin of 7.66%. The business had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. As a group, analysts expect that Bel Fuse will post 5.65 earnings per share for the current year.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 annualized dividend and a yield of 0.33%. Bel Fuse’s dividend payout ratio (DPR) is 8.56%.

Insiders Place Their Bets

In other news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in shares of Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 200 shares during the period. Russell Investments Group Ltd. increased its position in shares of Bel Fuse by 0.6% during the 4th quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker’s stock worth $3,185,000 after purchasing an additional 215 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Bel Fuse by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker’s stock worth $486,000 after purchasing an additional 234 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Bel Fuse by 6.3% during the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 249 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in Bel Fuse by 4.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,891 shares of the electronics maker’s stock valued at $568,000 after buying an additional 295 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.