Bel Fuse (NASDAQ:BELFB) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a strong-buy rating in a research report released on Friday.

BELFB has been the topic of a number of other research reports. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Northland Securities raised their target price on Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st.

Bel Fuse Price Performance

Shares of BELFB opened at $78.54 on Friday. The firm has a fifty day simple moving average of $74.03 and a two-hundred day simple moving average of $67.82. The firm has a market cap of $991.17 million, a PE ratio of 13.22 and a beta of 1.34. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. Bel Fuse has a 1-year low of $43.60 and a 1-year high of $85.91.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.97% and a net margin of 11.81%. During the same quarter in the prior year, the business earned $1.95 earnings per share. On average, equities analysts anticipate that Bel Fuse will post 4.52 EPS for the current year.

Hedge Funds Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in the company. Roubaix Capital LLC raised its holdings in Bel Fuse by 16.4% during the third quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker’s stock valued at $5,056,000 after acquiring an additional 9,069 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Bel Fuse by 168.0% during the third quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock worth $2,880,000 after purchasing an additional 22,995 shares in the last quarter. Tectonic Advisors LLC raised its stake in Bel Fuse by 80.7% during the 3rd quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock valued at $1,393,000 after purchasing an additional 7,922 shares during the period. nVerses Capital LLC purchased a new position in Bel Fuse in the 3rd quarter worth approximately $39,000. Finally, One Wealth Advisors LLC bought a new position in Bel Fuse in the 3rd quarter worth approximately $227,000. Hedge funds and other institutional investors 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.