Bel Fuse (NASDAQ:BELFB) Reaches New 1-Year High – Here’s What Happened

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 $204.43 and last traded at $201.5950, with a volume of 79468 shares. The stock had previously closed at $200.11.

Analysts Set New Price Targets

Several research analysts have issued reports on BELFB shares. Needham & Company LLC raised their target price on Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a research note on Friday, October 31st. Oppenheimer set a $180.00 price objective on Bel Fuse and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Wall Street Zen cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

Bel Fuse Stock Down 0.7%

The company has a market capitalization of $2.54 billion, a PE ratio of 38.52, a PEG ratio of 2.15 and a beta of 1.56. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $170.99 and its two-hundred day moving average is $148.26.

Insider Activity at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 1,936 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $279,229.28. Following the completion of the transaction, the vice president directly owned 8,319 shares of the company’s stock, valued at approximately $1,199,849.37. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Joseph Berry sold 408 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the sale, the vice president owned 17,893 shares in the company, valued at $2,580,707.39. This represents a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,027 shares of company stock valued at $435,034 in the last 90 days. 5.37% of the stock is currently owned by company insiders.

Institutional Trading of Bel Fuse

A number of institutional investors have recently bought and sold shares of BELFB. 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 valued at $37,000 after acquiring an additional 151 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of 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 acquiring an additional 115 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Bel Fuse during the 2nd quarter worth about $50,000. State of Alaska Department of Revenue bought a new position in Bel Fuse during the 3rd quarter valued at about $78,000. Finally, BNP Paribas Financial Markets grew its holdings in Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 375 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

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.