Bel Fuse (NASDAQ:BELFB) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Bel Fuse (NASDAQ:BELFB) had its price objective hoisted by research analysts at Needham & Company LLC from $95.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price objective suggests a potential upside of 16.18% from the company’s current price.

BELFB has been the subject of a number of other research reports. StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 29th. Oppenheimer started coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price for the company. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $100.00.

Bel Fuse Stock Up 1.8 %

Bel Fuse stock opened at $86.07 on Thursday. The company has a quick ratio of 2.71, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. Bel Fuse has a 12-month low of $45.74 and a 12-month 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 market capitalization of $1.08 billion, a PE ratio of 26.32, a PEG ratio of 0.96 and a beta of 1.28.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same quarter last year, the firm posted $1.29 EPS. As a group, sell-side analysts predict that Bel Fuse will post 5.65 EPS for the current fiscal year.

Insider Activity at Bel Fuse

In other news, VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the sale, the vice president now directly owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently modified their holdings of BELFB. Brown Advisory Inc. purchased a new stake in shares of Bel Fuse in the fourth quarter worth about $11,807,000. Janus Henderson Group PLC increased its position in shares of Bel Fuse by 55.4% in the fourth quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock worth $32,821,000 after purchasing an additional 141,951 shares during the last quarter. Portolan Capital Management LLC increased its position in shares of Bel Fuse by 72.5% in the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock worth $17,193,000 after purchasing an additional 87,612 shares during the last quarter. Potrero Capital Research LLC increased its position in shares of Bel Fuse by 107.1% in the fourth quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock worth $12,039,000 after purchasing an additional 75,483 shares during the last quarter. Finally, Advisory Research Inc. increased its position in shares of Bel Fuse by 27.4% in the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock worth $25,850,000 after purchasing an additional 67,460 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.