Zacks Research Downgrades Bel Fuse (NASDAQ:BELFB) to Strong Sell

Bel Fuse (NASDAQ:BELFB) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Several other research analysts have also issued reports on BELFB. Needham & Company LLC upped their target price on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Oppenheimer reiterated an “outperform” rating and set a $315.00 price objective on shares of Bel Fuse in a research note on Friday, May 1st. Northland Securities set a $321.00 price objective on shares of Bel Fuse in a report on Monday, May 4th. Finally, Wall Street Zen lowered Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $319.80.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $251.53 on Monday. Bel Fuse has a 12-month low of $95.45 and a 12-month high of $335.29. The business’s fifty day simple moving average is $281.56 and its 200-day simple moving average is $235.34. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.20 billion, a PE ratio of 57.30, a PEG ratio of 2.73 and a beta of 1.68.

Institutional Trading of Bel Fuse

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