Bel Fuse (NASDAQ:BELFB) Price Target Raised to $100.00

Bel Fuse (NASDAQ:BELFB) had its price objective hoisted by Needham & Company LLC from $95.00 to $100.00 in a research report released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the electronics maker’s stock.

A number of other brokerages have also recently weighed in on BELFB. StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 29th. Oppenheimer initiated 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. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Bel Fuse has an average rating of “Buy” and an average target price of $100.00.

Bel Fuse Price Performance

BELFB stock opened at $86.07 on Thursday. Bel Fuse has a 52-week low of $45.74 and a 52-week high of $92.61. The stock’s fifty day simple moving average is $81.82 and its 200-day simple moving average is $77.45. The company has a quick ratio of 2.71, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 1.00 and a beta of 1.28.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. During the same quarter last year, the business earned $1.29 EPS. Equities research analysts expect that Bel Fuse will post 5.65 EPS for the current year.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio is presently 8.56%.

Insiders Place Their Bets

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the transaction, the vice president now owns 8,023 shares in the company, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BELFB. Barclays PLC increased its position in shares of Bel Fuse by 319.5% during the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock worth $1,257,000 after acquiring an additional 12,192 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Bel Fuse by 26.5% during the third quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock worth $3,166,000 after acquiring an additional 8,442 shares during the last quarter. Hodges Capital Management Inc. increased its position in shares of Bel Fuse by 38.1% during the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock worth $8,630,000 after acquiring an additional 28,860 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Bel Fuse by 2.2% during the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after acquiring an additional 6,250 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Bel Fuse by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock worth $2,386,000 after acquiring an additional 2,793 shares during 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 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.