JPMorgan Chase & Co. Issues Positive Forecast for Bel Fuse (NASDAQ:BELFB) Stock Price

Bel Fuse (NASDAQ:BELFB) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $370.00 to $380.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 38.19% from the company’s current price.

BELFB has been the subject of several other research reports. Zacks Research cut shares of Bel Fuse from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. B. Riley Financial started coverage on Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating for the company. Northland Securities set a $326.00 price objective on Bel Fuse in a report on Friday. Oppenheimer restated an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Finally, Bank of America initiated coverage on Bel Fuse in a report on Tuesday, July 14th. They set a “buy” rating and a $330.00 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $324.00.

Bel Fuse Stock Performance

NASDAQ BELFB traded up $21.57 on Friday, hitting $274.99. 152,909 shares of the company’s stock traded hands, compared to its average volume of 239,442. The firm’s 50-day moving average price is $280.28 and its two-hundred day moving average price is $246.39. The firm has a market capitalization of $3.50 billion, a PE ratio of 66.29, a P/E/G ratio of 2.51 and a beta of 1.68. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. Bel Fuse has a 1-year low of $123.14 and a 1-year high of $335.29.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BELFB. Price T Rowe Associates Inc. MD raised its position 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 acquiring an additional 355,563 shares during the period. Janus Henderson Group PLC grew its position in shares of Bel Fuse by 22.7% during the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after acquiring an additional 140,804 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 valued at $88,039,000 after purchasing an additional 161,736 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Bel Fuse by 2.2% in the 2nd quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker’s stock valued at $162,994,000 after purchasing an additional 10,705 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Bel Fuse by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock worth $45,460,000 after purchasing an additional 2,803 shares during the period. Hedge funds and other 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.