Bel Fuse (NASDAQ:BELFB) Price Target Lowered to $95.00 at Needham & Company LLC

Bel Fuse (NASDAQ:BELFB) had its price target lowered by Needham & Company LLC from $100.00 to $95.00 in a research note published on Monday,Benzinga reports. Needham & Company LLC currently has a buy rating on the electronics maker’s stock.

BELFB has been the topic of a number of other research reports. Craig Hallum assumed coverage on Bel Fuse in a research report on Tuesday, March 25th. They set a “buy” rating and a $115.00 price target on the stock. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $102.50.

Bel Fuse Trading Down 4.0 %

Shares of BELFB stock opened at $68.36 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. Bel Fuse has a 52-week low of $57.12 and a 52-week high of $92.61. The company has a market capitalization of $857.17 million, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The business’s fifty day moving average is $74.19 and its 200 day moving average is $78.55.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.50. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The business had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. On average, equities research analysts anticipate that Bel Fuse will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.35%. Bel Fuse’s dividend payout ratio is currently 8.14%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its stake in shares of Bel Fuse by 4.5% in the first quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker’s stock worth $330,000 after purchasing an additional 189 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Bel Fuse in the first quarter worth about $404,000. Bessemer Group Inc. bought a new stake in shares of Bel Fuse in the first quarter worth about $19,007,000. GAMMA Investing LLC grew its stake in shares of Bel Fuse by 6,826.9% in the first quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker’s stock worth $347,000 after purchasing an additional 4,574 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Bel Fuse in the fourth quarter worth about $4,552,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

About Bel Fuse

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.