Bel Fuse (NASDAQ:BELFB) Sets New 12-Month High – Still a Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFB) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $210.17 and last traded at $210.75, with a volume of 69882 shares. The stock had previously closed at $205.17.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Wall Street Zen raised Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Needham & Company LLC upped their price target on Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Northland Securities set a $188.00 price target on shares of Bel Fuse in a research note on Friday, October 31st. Finally, Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.00.

Bel Fuse Stock Up 1.3%

The firm has a market capitalization of $2.66 billion, a P/E ratio of 40.47, a PEG ratio of 2.24 and a beta of 1.56. The firm’s 50 day moving average is $175.83 and its two-hundred day moving average is $151.50. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75.

Insider Activity

In related news, VP Kenneth Koon Keung Lai sold 564 shares of Bel Fuse stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total transaction of $80,065.44. Following the completion of the transaction, the vice president owned 7,755 shares in the company, valued at approximately $1,100,899.80. This trade represents a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Joseph Berry sold 408 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the completion of the sale, the vice president directly owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,027 shares of company stock valued at $435,034 over the last quarter. 5.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Jones Financial Companies Lllp increased its position in Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 151 shares during the period. Federated Hermes Inc. raised its stake in Bel Fuse by 52.5% in the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 115 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Bel Fuse in the 2nd quarter valued at about $50,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Bel Fuse during the 3rd quarter worth approximately $78,000. 58.39% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

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.