Analysts Set Bel Fuse Inc. (NASDAQ:BELFB) Target Price at $216.50

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $307.25.

BELFB has been the subject of several research reports. Weiss Ratings cut shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, February 25th. Northland Securities set a $321.00 price objective on shares of Bel Fuse in a research note on Monday. Oppenheimer reiterated an “outperform” rating and set a $315.00 price objective on shares of Bel Fuse in a research note on Friday. Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Needham & Company LLC increased their price objective on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 30th.

Insider Buying and Selling

In other news, Director Peter E. Gilbert sold 4,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the transaction, the director directly owned 15,047 shares in the company, valued at approximately $3,592,471.25. This trade represents a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. Additional details regarding this sale are available in the official SEC disclosure. 5.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Bel Fuse by 364,600.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 94,822 shares of the electronics maker’s stock valued at $19,253,000 after acquiring an additional 94,796 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in Bel Fuse by 3,600.0% during the first quarter. Hillsdale Investment Management Inc. now owns 1,850 shares of the electronics maker’s stock valued at $366,000 after acquiring an additional 1,800 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Bel Fuse during the first quarter valued at approximately $2,915,000. Fifth Third Bancorp purchased a new stake in Bel Fuse during the first quarter valued at approximately $100,000. Finally, Hsbc Holdings PLC purchased a new stake in Bel Fuse during the first quarter valued at approximately $493,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

Bel Fuse stock opened at $297.17 on Wednesday. The stock has a market cap of $3.76 billion, a price-to-earnings ratio of 67.69, a price-to-earnings-growth ratio of 2.91 and a beta of 1.75. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. Bel Fuse has a 1 year low of $67.50 and a 1 year high of $303.98. The firm has a 50-day moving average of $225.57 and a two-hundred day moving average of $194.96.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.38%.

Bel Fuse Company Profile

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.