JPMorgan Chase & Co. Begins Coverage on Bel Fuse (NASDAQ:BELFB)

Research analysts at JPMorgan Chase & Co. initiated coverage on shares of Bel Fuse (NASDAQ:BELFB) in a research report issued on Wednesday. The firm set an “overweight” rating and a $370.00 price target on the electronics maker’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 34.04% from the company’s previous close.

Other analysts have also recently issued reports about the stock. Northland Securities set a $321.00 target price on shares of Bel Fuse in a research note on Monday, May 4th. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Oppenheimer reiterated an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Needham & Company LLC lifted 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. Finally, Robert W. Baird set a $293.00 price objective on shares of Bel Fuse in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $319.80.

Bel Fuse Price Performance

Shares of BELFB opened at $276.04 on Wednesday. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 62.88, a price-to-earnings-growth ratio of 2.81 and a beta of 1.70. Bel Fuse has a twelve month low of $78.35 and a twelve month high of $308.27. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average of $256.72 and a two-hundred day moving average of $216.42.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors have recently made changes to their positions in BELFB. Price T Rowe Associates Inc. MD increased its holdings in shares of Bel Fuse by 74.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after purchasing an additional 355,563 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of Bel Fuse during the 4th quarter valued at approximately $42,680,000. Wasatch Advisors LP increased its holdings in shares of Bel Fuse by 74.3% during the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after purchasing an additional 174,969 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Bel Fuse by 45.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after purchasing an additional 161,736 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Bel Fuse by 22.7% during the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after purchasing an additional 140,804 shares in the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

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.