Bel Fuse (NASDAQ:BELFB) Upgraded by Wall Street Zen to Strong-Buy Rating

Bel Fuse (NASDAQ:BELFB) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

A number of other research firms have also recently commented on BELFB. Oppenheimer set a $180.00 price target on shares of Bel Fuse and gave the stock an “outperform” rating in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Northland Securities set a $188.00 target price on shares of Bel Fuse in a report on Friday, October 31st. Needham & Company LLC lifted their target price on shares of Bel Fuse from $168.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Bel Fuse Stock Performance

Shares of NASDAQ:BELFB opened at $196.50 on Friday. The firm has a fifty day simple moving average of $171.97 and a two-hundred day simple moving average of $149.27. Bel Fuse has a 52 week low of $57.99 and a 52 week high of $205.99. The stock has a market capitalization of $2.49 billion, a P/E ratio of 37.79, a PEG ratio of 2.09 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.

Insiders Place Their Bets

In other Bel Fuse news, VP Joseph Berry sold 408 shares of the company’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 $58,845.84. Following the completion of the transaction, the vice president owned 17,893 shares in the company, valued at $2,580,707.39. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kenneth Koon Keung Lai sold 564 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the completion of the sale, the vice president directly owned 7,755 shares of the company’s stock, valued at $1,100,899.80. The trade was a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders 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

Several hedge funds have recently modified their holdings of BELFB. Farther Finance Advisors LLC boosted its holdings in Bel Fuse by 365.6% in the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 117 shares in the last quarter. Phocas Financial Corp. purchased a new position in shares of Bel Fuse during the 4th quarter worth approximately $3,917,000. Tema Etfs LLC boosted its stake in shares of Bel Fuse by 70.0% during the fourth quarter. Tema Etfs LLC now owns 89,918 shares of the electronics maker’s stock valued at $15,253,000 after acquiring an additional 37,022 shares during the last quarter. SG Americas Securities LLC grew its stake in Bel Fuse by 6.3% in the 4th quarter. SG Americas Securities LLC now owns 4,676 shares of the electronics maker’s stock worth $793,000 after acquiring an additional 279 shares during the period. Finally, Oliver Luxxe Assets LLC acquired a new position in Bel Fuse in the 4th quarter valued at $1,376,000. 58.39% of the stock is owned by institutional investors and hedge funds.

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.