Bel Fuse (NASDAQ:BELFB) Upgraded by Northland Securities to “Outperform”

Bel Fuse (NASDAQ:BELFB) was upgraded by Northland Securities from a “market perform” rating to an “outperform” rating in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a $80.00 target price on the electronics maker’s stock. Northland Securities’ price objective suggests a potential upside of 23.48% from the company’s current price.

BELFB has been the topic of a number of other research reports. StockNews.com raised Bel Fuse from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC lifted their price target on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Bel Fuse Price Performance

Bel Fuse stock opened at $64.79 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The business has a 50 day simple moving average of $66.44 and a 200-day simple moving average of $62.96. Bel Fuse has a 12 month low of $39.13 and a 12 month high of $76.09. The stock has a market capitalization of $817.65 million, a PE ratio of 10.91 and a beta of 1.41.

Bel Fuse (NASDAQ:BELFB) last released its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58. The company had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same quarter last year, the business earned $1.95 EPS. Equities analysts predict that Bel Fuse will post 4.52 earnings per share for the current year.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. Renaissance Technologies LLC lifted its position in shares of Bel Fuse by 1.3% in the second quarter. Renaissance Technologies LLC now owns 309,851 shares of the electronics maker’s stock valued at $20,215,000 after acquiring an additional 4,027 shares in the last quarter. American Century Companies Inc. raised its stake in Bel Fuse by 11.6% in the 2nd quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker’s stock valued at $18,024,000 after purchasing an additional 28,649 shares during the last quarter. GW&K Investment Management LLC purchased a new position in Bel Fuse in the 4th quarter valued at about $12,537,000. Thrivent Financial for Lutherans boosted its stake in shares of Bel Fuse by 277.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock worth $10,927,000 after purchasing an additional 123,092 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Bel Fuse by 26.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock worth $6,658,000 after buying an additional 21,047 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.