Bel Fuse Inc. $BELFB Stock Holdings Lifted by Tema ETFs LLC

Tema ETFs LLC grew its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 52.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 202,849 shares of the electronics maker’s stock after purchasing an additional 69,531 shares during the quarter. Bel Fuse makes up 2.2% of Tema ETFs LLC’s portfolio, making the stock its 6th biggest position. Tema ETFs LLC’s holdings in Bel Fuse were worth $67,557,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Bel Fuse by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock valued at $459,000 after buying an additional 240 shares during the period. JPMorgan Chase & Co. raised its stake in Bel Fuse by 1.2% in the second quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock worth $971,000 after buying an additional 116 shares in the last quarter. Rhumbline Advisers lifted its holdings in Bel Fuse by 2.5% during the second quarter. Rhumbline Advisers now owns 15,972 shares of the electronics maker’s stock worth $1,560,000 after buying an additional 383 shares during the period. Sei Investments Co. bought a new stake in Bel Fuse during the 2nd quarter valued at $312,000. Finally, The Manufacturers Life Insurance Company boosted its position in Bel Fuse by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,953 shares of the electronics maker’s stock valued at $386,000 after acquiring an additional 337 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BELFB shares. Weiss Ratings downgraded Bel Fuse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 29th. Oppenheimer restated an “outperform” rating and set a $315.00 price objective on shares of Bel Fuse in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on Bel Fuse from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Wall Street Zen upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research raised shares of Bel Fuse from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and a consensus price target of $324.00.

Bel Fuse Trading Up 2.1%

NASDAQ BELFB opened at $290.10 on Wednesday. The firm’s fifty day simple moving average is $282.47 and its two-hundred day simple moving average is $251.48. Bel Fuse Inc. has a 12-month low of $124.42 and a 12-month high of $335.29. The firm has a market capitalization of $3.69 billion, a P/E ratio of 70.07, a P/E/G ratio of 3.01 and a beta of 1.72.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 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 presently 6.76%.

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.