Bel Fuse (NASDAQ:BELFB) Upgraded to “Buy” at StockNews.com

Bel Fuse (NASDAQ:BELFB) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research analysts have also weighed in on BELFB. Northland Securities lowered shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective on the stock. in a report on Thursday, May 2nd. Needham & Company LLC cut their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Monday, April 29th.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $65.24 on Friday. The stock has a market cap of $823.33 million, a price-to-earnings ratio of 10.98 and a beta of 1.39. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $74.75. The company’s 50-day moving average price is $64.04 and its 200 day moving average price is $62.82. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.22. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The company had revenue of $128.09 million for the quarter, compared to analysts’ expectations of $128.47 million. As a group, research analysts forecast that Bel Fuse will post 4.39 earnings per share for the current fiscal year.

Institutional Trading of Bel Fuse

Hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new position in Bel Fuse in the fourth quarter worth $1,061,000. International Assets Investment Management LLC acquired a new position in Bel Fuse in the fourth quarter worth $6,041,000. Charles Schwab Investment Management Inc. boosted its holdings in Bel Fuse by 26.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock worth $6,658,000 after purchasing an additional 21,047 shares during the period. GW&K Investment Management LLC acquired a new position in Bel Fuse in the fourth quarter worth $12,537,000. Finally, Victory Capital Management Inc. boosted its holdings in Bel Fuse by 130.4% in the fourth quarter. Victory Capital Management Inc. now owns 6,056 shares of the electronics maker’s stock worth $404,000 after purchasing an additional 3,428 shares during the period. 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.