Analysts Set Bel Fuse Inc. (NASDAQ:BELFB) Target Price at $103.75

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have earned an average rating of “Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $103.75.

A number of analysts have issued reports on the company. Needham & Company LLC raised their price target on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Oppenheimer started coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price for the company. Craig Hallum started coverage on shares of Bel Fuse in a research note on Tuesday. They set a “buy” rating and a $115.00 price target on the stock. Finally, StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th.

Institutional Trading of Bel Fuse

Institutional investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new position in Bel Fuse in the fourth quarter valued at about $148,000. BNP Paribas Financial Markets grew its stake in shares of Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after buying an additional 200 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $240,000. Kovitz Investment Group Partners LLC acquired a new position in Bel Fuse during the 3rd quarter worth approximately $288,000. Finally, Integrated Quantitative Investments LLC purchased a new position in Bel Fuse in the 4th quarter worth approximately $298,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Performance

Shares of NASDAQ BELFB opened at $77.30 on Tuesday. The company has a 50-day simple moving average of $80.25 and a 200-day simple moving average of $79.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The company has a market cap of $969.26 million, a PE ratio of 23.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. Bel Fuse has a 12 month low of $53.74 and a 12 month high of $92.61.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same period in the prior year, the company earned $1.29 EPS. On average, equities analysts anticipate that Bel Fuse will post 4.63 earnings per share for the current year.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.36%. Bel Fuse’s dividend payout ratio (DPR) is 8.56%.

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.