Bel Fuse Inc. (NASDAQ:BELFB) Receives $103.60 Consensus PT from Analysts

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been given a consensus rating of “Buy” by the seven ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $106.60.

Several research analysts have recently commented on BELFB shares. Robert W. Baird started coverage on Bel Fuse in a report on Tuesday, June 10th. They set an “outperform” rating and a $88.00 price target on the stock. Northland Securities lifted their price target on Bel Fuse from $93.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, June 30th. Baird R W upgraded Bel Fuse to a “strong-buy” rating in a report on Tuesday, June 10th. Needham & Company LLC reduced their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Finally, Craig Hallum started coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price objective on the stock.

Bel Fuse Stock Performance

BELFB stock opened at $100.20 on Thursday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 1.42 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.83 and a current ratio of 3.31. The firm has a 50-day simple moving average of $80.09 and a two-hundred day simple moving average of $78.49. Bel Fuse has a one year low of $58.00 and a one year high of $100.52.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $147.93 million. On average, equities analysts forecast 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. Investors of record on Tuesday, July 15th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.24%. Bel Fuse’s dividend payout ratio (DPR) is currently 8.14%.

Insider Transactions at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the transaction, the vice president directly owned 12,155 shares of the company’s stock, valued at $1,021,384.65. The trade was a 24.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently made changes to their positions in BELFB. Vanguard Group Inc. boosted its holdings in Bel Fuse by 1.4% in the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock valued at $68,654,000 after purchasing an additional 12,808 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Bel Fuse by 55.4% in the fourth quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock valued at $32,821,000 after purchasing an additional 141,951 shares in the last quarter. American Century Companies Inc. boosted its holdings in Bel Fuse by 1.5% in the first quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker’s stock valued at $26,735,000 after purchasing an additional 5,376 shares in the last quarter. Advisory Research Inc. boosted its holdings in Bel Fuse by 27.4% in the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock valued at $25,850,000 after purchasing an additional 67,460 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Bel Fuse by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker’s stock valued at $24,088,000 after purchasing an additional 2,722 shares in the last quarter. 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 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.