Bel Fuse (NASDAQ:BELFB) Upgraded at StockNews.com

StockNews.com upgraded shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a strong-buy rating in a research note released on Tuesday morning.

Several other research firms have also recently commented on BELFB. Northland Securities increased their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Oppenheimer began coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. Finally, Needham & Company LLC increased their price objective on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $98.33.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $80.91 on Tuesday. The company has a market capitalization of $1.02 billion, a PE ratio of 18.56, a PEG ratio of 0.97 and a beta of 1.30. The business has a fifty day moving average price of $81.18 and a 200-day moving average price of $75.43. Bel Fuse has a 1-year low of $45.74 and a 1-year high of $92.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by corporate insiders.

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently modified their holdings of BELFB. SG Americas Securities LLC lifted its holdings in Bel Fuse by 45.0% in the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock worth $305,000 after purchasing an additional 1,146 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Bel Fuse by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock worth $2,386,000 after buying an additional 2,793 shares in the last quarter. Barclays PLC boosted its position in shares of Bel Fuse by 319.5% during the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock worth $1,257,000 after acquiring an additional 12,192 shares during the last quarter. Geode Capital Management LLC grew its stake in Bel Fuse by 2.2% during the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after acquiring an additional 6,250 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its holdings in Bel Fuse by 47.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker’s stock valued at $5,950,000 after acquiring an additional 24,490 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

About Bel Fuse

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.