Bel Fuse (NASDAQ:BELFB) Given a $125.00 Price Target at Oppenheimer

Oppenheimer set a $125.00 price target on Bel Fuse (NASDAQ:BELFB) in a report issued on Wednesday, Marketbeat.com reports. The firm currently has an outperform rating on the electronics maker’s stock.

Several other equities research analysts have also commented on the stock. Craig Hallum started coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They set a “buy” rating and a $115.00 price objective on the stock. Needham & Company LLC dropped their target price on shares of Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Baird R W upgraded shares of Bel Fuse to a “strong-buy” rating in a research note on Tuesday, June 10th. Finally, Robert W. Baird initiated coverage on shares of Bel Fuse in a research report on Tuesday, June 10th. They set an “outperform” rating and a $88.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $106.60.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $100.20 on Wednesday. Bel Fuse has a 1 year low of $58.00 and a 1 year high of $100.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. The company’s 50-day moving average is $80.09 and its 200 day moving average is $78.53. The stock has a market capitalization of $1.27 billion, a P/E ratio of 29.13, a P/E/G ratio of 1.42 and a beta of 1.51.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. The company had revenue of $152.24 million for the quarter, compared to analysts’ expectations of $147.93 million. On average, sell-side analysts expect that Bel Fuse will post 4.63 earnings per share for the current year.

Bel Fuse Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. Bel Fuse’s dividend payout ratio (DPR) is 8.14%.

Insiders Place Their Bets

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the transaction, the vice president owned 12,155 shares in the company, valued at $1,021,384.65. This represents a 24.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.37% of the stock is currently owned by company insiders.

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. Bessemer Group Inc. purchased a new stake in Bel Fuse during the first quarter valued at approximately $19,007,000. Makaira Partners LLC purchased a new stake in Bel Fuse during the first quarter valued at approximately $18,415,000. Brown Advisory Inc. purchased a new stake in Bel Fuse during the fourth quarter valued at approximately $11,807,000. Janus Henderson Group PLC increased its holdings in Bel Fuse by 55.4% during the fourth quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock valued at $32,821,000 after buying an additional 141,951 shares during the last quarter. Finally, Portolan Capital Management LLC increased its stake in shares of Bel Fuse by 72.5% in the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock worth $17,193,000 after purchasing an additional 87,612 shares in the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

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.