Bel Fuse (NASDAQ:BELFB) Price Target Raised to $212.00

Bel Fuse (NASDAQ:BELFB) had its target price upped by Needham & Company LLC from $168.00 to $212.00 in a research report report published on Wednesday, MarketBeat Ratings reports. They currently have a buy rating on the electronics maker’s stock.

A number of other research analysts also recently commented on the stock. Wall Street Zen raised shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 21st. Robert W. Baird set a $170.00 price objective on shares of Bel Fuse in a research note on Friday, October 31st. Zacks Research lowered Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Oppenheimer set a $180.00 target price on Bel Fuse and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Northland Securities set a $188.00 target price on Bel Fuse in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $173.00.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $200.11 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. Bel Fuse has a 52 week low of $57.99 and a 52 week high of $202.49. The firm’s 50 day moving average is $167.31 and its two-hundred day moving average is $145.43. The firm has a market capitalization of $2.53 billion, a P/E ratio of 38.48, a P/E/G ratio of 2.09 and a beta of 1.56.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date is Thursday, January 15th. Bel Fuse’s payout ratio is 5.38%.

Insider Activity at Bel Fuse

In other Bel Fuse news, VP Joseph Berry sold 408 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the sale, the vice president directly owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kenneth Koon Keung Lai sold 564 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the completion of the transaction, the vice president owned 7,755 shares in the company, valued at $1,100,899.80. This trade represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,027 shares of company stock valued at $435,034. 5.37% of the stock is owned by company insiders.

Institutional Trading of Bel Fuse

Several hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its position in shares of Bel Fuse by 139.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after buying an additional 151 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Bel Fuse by 52.5% in the third quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 115 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Bel Fuse during the 2nd quarter worth approximately $50,000. State of Alaska Department of Revenue acquired a new position in shares of Bel Fuse during the 3rd quarter worth approximately $78,000. Finally, NewEdge Advisors LLC acquired a new position in shares of Bel Fuse during the 3rd quarter worth approximately $138,000. 58.39% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.