Bel Fuse (NASDAQ:BELFB - Free Report) had its target price raised by Needham & Company LLC from $95.00 to $100.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a buy rating on the electronics maker's stock.
A number of other equities analysts have also weighed in on the company. Oppenheimer started coverage on Bel Fuse in a research note on Tuesday, December 17th. They set an "outperform" rating and a $105.00 price objective for the company. StockNews.com lowered Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $100.00.
View Our Latest Stock Report on BELFB
Bel Fuse Stock Up 1.8 %
Shares of BELFB traded up $1.56 during midday trading on Thursday, hitting $86.07. 126,449 shares of the company's stock traded hands, compared to its average volume of 88,431. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $92.61. The firm's fifty day moving average is $81.82 and its 200-day moving average is $77.34. The company has a current ratio of 2.92, a quick ratio of 2.71 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($1.10). The firm 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 earned $1.29 EPS. As a group, sell-side analysts anticipate that Bel Fuse will post 5.65 earnings per share for the current year.
Bel Fuse Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse's dividend payout ratio (DPR) is presently 8.56%.
Insider Activity
In other news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the vice president now owns 8,023 shares of the company's stock, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.37% of the company's stock.
Institutional Trading of Bel Fuse
Several institutional investors have recently made changes to their positions in BELFB. BNP Paribas Financial Markets raised its position in Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock valued at $172,000 after purchasing an additional 200 shares during the period. Russell Investments Group Ltd. raised its position in Bel Fuse by 0.6% in the fourth quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker's stock valued at $3,185,000 after purchasing an additional 215 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bel Fuse by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker's stock worth $486,000 after acquiring an additional 234 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Bel Fuse by 6.3% in the fourth quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker's stock worth $348,000 after acquiring an additional 249 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in shares of Bel Fuse by 4.5% in the fourth quarter. Sterling Capital Management LLC now owns 6,891 shares of the electronics maker's stock worth $568,000 after acquiring an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.
About Bel Fuse
(
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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.
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