Bel Fuse Inc. (NASDAQ:BELFB) Given Average Rating of “Buy” by Brokerages

Bel Fuse Inc. (NASDAQ:BELFB) has been assigned a consensus rating of “Buy” from the five ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $103.75.

A number of equities research analysts have issued reports on the stock. Needham & Company LLC increased their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Craig Hallum began coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price objective on the stock. Finally, Oppenheimer began coverage on Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price on the stock.

Institutional Trading of Bel Fuse

Several hedge funds have recently modified their holdings of the business. Barclays PLC grew its holdings in Bel Fuse by 319.5% in the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock valued at $1,257,000 after purchasing an additional 12,192 shares during the last quarter. Hodges Capital Management Inc. grew its position in shares of Bel Fuse by 38.1% in the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock valued at $8,630,000 after purchasing an additional 28,860 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after purchasing an additional 6,250 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Bel Fuse during the 4th quarter worth approximately $371,000. Finally, JPMorgan Chase & Co. lifted its stake in Bel Fuse by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock valued at $2,386,000 after buying an additional 2,793 shares in the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

Bel Fuse stock opened at $74.20 on Tuesday. The stock has a market cap of $930.39 million, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The firm has a 50 day simple moving average of $80.13 and a 200-day simple moving average of $79.88. Bel Fuse has a 1-year low of $53.74 and a 1-year high of $92.61.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The company had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. During the same quarter last year, the business posted $1.29 EPS. On average, analysts expect that Bel Fuse will post 4.63 EPS for the current year.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.07 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.38%. Bel Fuse’s dividend payout ratio (DPR) is currently 8.56%.

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.