Analysts Set Bel Fuse Inc. (NASDAQ:BELFB) Price Target at $103.75

Shares of Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) have been given a consensus rating of "Buy" by the five brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $103.75.

BELFB has been the topic of several research reports. StockNews.com cut Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Craig Hallum initiated coverage on Bel Fuse in a report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price objective for the company. Finally, Needham & Company LLC boosted their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, February 20th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new stake in shares of Bel Fuse during the first quarter worth about $19,007,000. GAMMA Investing LLC boosted its holdings in Bel Fuse by 6,826.9% in the 1st quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker's stock worth $347,000 after buying an additional 4,574 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Bel Fuse in the fourth quarter valued at about $4,552,000. Mackenzie Financial Corp purchased a new position in Bel Fuse in the 4th quarter worth approximately $517,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Bel Fuse by 26.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker's stock worth $1,670,000 after buying an additional 4,204 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.

Bel Fuse Trading Up 2.2 %

Shares of BELFB stock traded up $1.47 during mid-day trading on Friday, reaching $69.41. The stock had a trading volume of 77,461 shares, compared to its average volume of 79,957. The firm has a market capitalization of $870.27 million, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The stock's 50-day moving average price is $74.92 and its two-hundred day moving average price is $78.82. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. Bel Fuse has a 52-week low of $57.00 and a 52-week high of $92.61.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10). The business had revenue of $149.86 million during the quarter, compared to analysts' expectations of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same quarter last year, the business posted $1.29 EPS. Equities analysts expect that Bel Fuse will post 4.63 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 annualized dividend and a yield of 0.40%. Bel Fuse's dividend payout ratio is currently 8.56%.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.