Bel Fuse (NASDAQ:BELFB) Upgraded to Strong-Buy by Northland Capmk

Bel Fuse (NASDAQ:BELFB) was upgraded by Northland Capmk from a “hold” rating to a “strong-buy” rating in a report issued on Thursday, Zacks.com reports.

BELFB has been the topic of a number of other research reports. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Needham & Company LLC upped their price target 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 Bel Fuse from a “market perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Thursday.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $63.32 on Thursday. The business has a 50-day moving average of $66.45 and a 200 day moving average of $62.98. 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 stock has a market capitalization of $799.10 million, a price-to-earnings ratio of 10.67 and a beta of 1.41. Bel Fuse has a 12 month low of $39.13 and a 12 month high of $76.09.

Bel Fuse (NASDAQ:BELFB) last announced 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. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The firm had revenue of $133.21 million during the quarter, compared to the consensus estimate of $130.27 million. During the same quarter last year, the firm earned $1.95 earnings per share. As a group, sell-side analysts forecast that Bel Fuse will post 4.52 earnings per share for the current year.

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in shares of Bel Fuse by 130.4% during the fourth quarter. Victory Capital Management Inc. now owns 6,056 shares of the electronics maker’s stock valued at $404,000 after buying an additional 3,428 shares during the last quarter. National Bank of Canada FI bought a new stake in Bel Fuse in the 4th quarter valued at about $78,000. Charles Schwab Investment Management Inc. raised its stake in shares of Bel Fuse by 26.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock valued at $6,658,000 after purchasing an additional 21,047 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Bel Fuse by 73.6% in the 4th quarter. Teacher Retirement System of Texas now owns 13,022 shares of the electronics maker’s stock valued at $869,000 after acquiring an additional 5,521 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Bel Fuse in the 4th quarter worth approximately $275,000. 58.39% of the stock is currently owned by institutional investors.

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.