Bel Fuse (BELFB) to Release Quarterly Earnings on Tuesday

Bel Fuse (NASDAQ:BELFB) will likely be releasing its results after the market closes on Tuesday, February 17th. Analysts expect Bel Fuse to post earnings of $1.68 per share and revenue of $172.0070 million for the quarter.

Bel Fuse Stock Performance

Shares of Bel Fuse stock opened at $229.32 on Tuesday. Bel Fuse has a one year low of $57.99 and a one year high of $230.37. The company has a market capitalization of $2.90 billion, a PE ratio of 44.10, a P/E/G ratio of 2.35 and a beta of 1.55. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06. The company has a 50-day simple moving average of $186.38 and a two-hundred day simple moving average of $158.14.

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 564 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total transaction of $80,065.44. Following the sale, the vice president directly owned 7,755 shares of the company’s stock, valued at approximately $1,100,899.80. This trade represents a 6.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph Berry sold 408 shares of Bel Fuse 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 transaction, the vice president owned 17,893 shares of the company’s stock, valued at $2,580,707.39. The trade was a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,027 shares of company stock worth $435,034. 5.37% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently bought and sold shares of BELFB. Canada Pension Plan Investment Board grew its stake in shares of Bel Fuse by 6.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock worth $156,000 after purchasing an additional 100 shares during the period. JPMorgan Chase & Co. grew its position in Bel Fuse by 1.2% during the second quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock valued at $971,000 after buying an additional 116 shares during the period. Verition Fund Management LLC increased its holdings in Bel Fuse by 5.2% in the third quarter. Verition Fund Management LLC now owns 4,058 shares of the electronics maker’s stock valued at $572,000 after buying an additional 200 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Bel Fuse by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock valued at $459,000 after buying an additional 240 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Bel Fuse by 9.3% in the second quarter. The Manufacturers Life Insurance Company now owns 3,953 shares of the electronics maker’s stock worth $386,000 after acquiring an additional 337 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

BELFB has been the subject of a number of recent analyst reports. Northland Securities set a $247.00 price objective on Bel Fuse in a research report on Tuesday, February 3rd. Wall Street Zen lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 2nd. Needham & Company LLC raised their price target on shares of Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Zacks Research lowered shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Oppenheimer set a $180.00 target price on Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $184.80.

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.