Bel Fuse (NASDAQ:BELFB – Get Free Report) had its price objective hoisted by Northland Securities from $80.00 to $95.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the electronics maker’s stock. Northland Securities’ price target indicates a potential upside of 18.01% from the company’s previous close.
Several other brokerages have also commented on BELFB. StockNews.com raised Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Finally, 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 report on Friday, July 26th.
Read Our Latest Stock Report on BELFB
Bel Fuse Stock Performance
Bel Fuse (NASDAQ:BELFB – Get Free Report) last released its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58. The business had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. During the same quarter last year, the firm posted $1.95 earnings per share. On average, equities analysts expect that Bel Fuse will post 4.52 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Beach Investment Counsel Inc. PA bought a new position in Bel Fuse during the 2nd quarter worth $25,000. Isthmus Partners LLC bought a new position in Bel Fuse during the second quarter valued at $39,000. Comerica Bank raised its position in shares of Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after buying an additional 510 shares in the last quarter. New York State Teachers Retirement System raised its position in Bel Fuse by 373.5% during the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 747 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new position in shares of Bel Fuse during the fourth quarter valued at about $143,000. 58.39% of the stock is owned by institutional investors and hedge funds.
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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