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

Bel Fuse Inc. (NASDAQ:BELFB)’s stock price reached a new 52-week high on Monday . The stock traded as high as $214.82 and last traded at $212.3450, with a volume of 95206 shares. The stock had previously closed at $201.19.

Wall Street Analyst Weigh In

Several research firms recently commented on BELFB. Oppenheimer set a $180.00 target price on shares of Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bel Fuse in a research report on Monday, December 29th. Needham & Company LLC lifted their target price on Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Robert W. Baird set a $170.00 price target on Bel Fuse in a research note on Friday, October 31st. Finally, Northland Securities set a $188.00 price objective on Bel Fuse 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.00.

Bel Fuse Stock Performance

The firm has a market capitalization of $2.73 billion, a P/E ratio of 41.46, a P/E/G ratio of 2.14 and a beta of 1.55. The stock has a fifty day simple moving average of $178.55 and a two-hundred day simple moving average of $153.36. 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 Buying and Selling at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 1,936 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $279,229.28. Following the transaction, the vice president owned 8,319 shares of the company’s stock, valued at $1,199,849.37. This represents a 18.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Joseph Berry sold 408 shares of the business’s stock in a transaction dated 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 $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. Over the last three months, insiders have sold 3,027 shares of company stock worth $435,034. 5.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently made changes to their positions in BELFB. Arrowstreet Capital Limited Partnership bought a new position in Bel Fuse in the 3rd quarter valued at about $14,537,000. Thrivent Financial for Lutherans boosted its holdings in Bel Fuse by 66.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock worth $34,584,000 after acquiring an additional 98,178 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Bel Fuse by 28.3% in the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock worth $31,827,000 after acquiring an additional 71,895 shares in the last quarter. Wasatch Advisors LP grew its stake in shares of Bel Fuse by 33.6% in the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after acquiring an additional 71,390 shares in the last quarter. Finally, Portolan Capital Management LLC raised its holdings in shares of Bel Fuse by 97.9% in the third quarter. Portolan Capital Management LLC now owns 123,766 shares of the electronics maker’s stock valued at $17,453,000 after purchasing an additional 61,240 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.