Bel Fuse (NASDAQ:BELFB) Hits New 52-Week High – Time to Buy?

Bel Fuse Inc. (NASDAQ:BELFB)’s share price hit a new 52-week high on Thursday . The company traded as high as $311.67 and last traded at $304.3410, with a volume of 32023 shares. The stock had previously closed at $299.84.

Analyst Ratings Changes

BELFB has been the subject of a number of analyst reports. Northland Securities set a $321.00 price objective on shares of Bel Fuse in a research note on Monday, May 4th. Robert W. Baird set a $293.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Oppenheimer reiterated an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Needham & Company LLC upped their target price 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. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Bel Fuse has an average rating of “Moderate Buy” and an average target price of $319.80.

Bel Fuse Trading Down 0.5%

The company has a market cap of $3.80 billion, a price-to-earnings ratio of 67.97, a PEG ratio of 2.88 and a beta of 1.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. The business’s 50 day moving average price is $267.67 and its 200-day moving average price is $222.65.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is currently 6.38%.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new stake in Bel Fuse during the 3rd quarter worth about $2,739,000. Oliver Luxxe Assets LLC acquired a new stake in Bel Fuse during the 4th quarter valued at $1,376,000. Tema Etfs LLC raised its stake in Bel Fuse by 70.0% in the fourth quarter. Tema Etfs LLC now owns 89,918 shares of the electronics maker’s stock valued at $15,253,000 after purchasing an additional 37,022 shares in the last quarter. Phocas Financial Corp. bought a new position in Bel Fuse in the fourth quarter valued at about $3,917,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in Bel Fuse in the fourth quarter valued at about $843,000. Institutional investors own 58.39% of the company’s stock.

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.