Bel Fuse Inc. (NASDAQ:BELFB) Receives $103.75 Average Target Price from Analysts

Bel Fuse Inc. (NASDAQ:BELFB) has earned a consensus rating of “Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $103.75.

BELFB has been the topic of several recent research reports. Oppenheimer started coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective on the stock. Craig Hallum started coverage on shares of Bel Fuse in a research note on Tuesday. They set a “buy” rating and a $115.00 price target on the stock. Needham & Company LLC raised their price objective on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

Hedge Funds Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Advisory Inc. purchased a new stake in shares of Bel Fuse in the fourth quarter valued at about $11,807,000. Janus Henderson Group PLC raised its position in shares of Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock worth $32,821,000 after purchasing an additional 141,951 shares during the last quarter. Portolan Capital Management LLC lifted its stake in Bel Fuse by 72.5% in the 4th quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock valued at $17,193,000 after buying an additional 87,612 shares in the last quarter. Potrero Capital Research LLC grew its holdings in Bel Fuse by 107.1% during the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock valued at $12,039,000 after buying an additional 75,483 shares during the last quarter. Finally, Advisory Research Inc. increased its position in Bel Fuse by 27.4% during the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock worth $25,850,000 after buying an additional 67,460 shares in the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $77.30 on Tuesday. The firm’s fifty day simple moving average is $80.25 and its 200-day simple moving average is $79.71. Bel Fuse has a 12 month low of $53.74 and a 12 month high of $92.61. The stock has a market capitalization of $969.26 million, a price-to-earnings ratio of 23.64, a PEG 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.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The business had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. During the same quarter in the prior year, the firm posted $1.29 earnings per share. As a group, equities analysts forecast that Bel Fuse will post 4.63 earnings per share 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 issued a $0.07 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.36%. Bel Fuse’s dividend payout ratio (DPR) is presently 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.