Bel Fuse (NASDAQ:BELFB – Get Free Report) had its price target boosted by research analysts at Northland Securities from $80.00 to $95.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the electronics maker’s stock. Northland Securities’ price target points to a potential upside of 18.01% from the stock’s current price.
Several other analysts also recently weighed in on the company. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. Needham & Company LLC boosted their price objective on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, StockNews.com raised Bel Fuse from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.
Check Out Our Latest Report on BELFB
Bel Fuse Trading Up 2.5 %
Bel Fuse (NASDAQ:BELFB – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58. The business 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 company posted $1.95 earnings per share. On average, equities research analysts predict that Bel Fuse will post 4.52 earnings per share for the current year.
Hedge Funds Weigh In On Bel Fuse
Large investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in Bel Fuse in the 4th quarter worth about $1,061,000. Russell Investments Group Ltd. purchased a new stake in Bel Fuse during the 1st quarter worth approximately $1,532,000. Hussman Strategic Advisors Inc. purchased a new stake in Bel Fuse during the 1st quarter worth approximately $760,000. Truvestments Capital LLC purchased a new stake in Bel Fuse during the 1st quarter worth approximately $407,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Bel Fuse by 1,036.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,288 shares of the electronics maker’s stock worth $922,000 after buying an additional 13,943 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 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.
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