Bel Fuse (NASDAQ:BELFB) Price Target Raised to $250.00

Bel Fuse (NASDAQ:BELFB) had its price objective hoisted by Needham & Company LLC from $212.00 to $250.00 in a research note released on Thursday morning, Marketbeat reports. Needham & Company LLC currently has a buy rating on the electronics maker’s stock.

A number of other equities analysts have also issued reports on BELFB. Northland Securities set a $247.00 price target on shares of Bel Fuse in a research report on Tuesday, February 3rd. Robert W. Baird set a $170.00 target price on shares of Bel Fuse in a report on Friday, October 31st. Zacks Research lowered shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Oppenheimer set a $180.00 price target on Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.20.

Bel Fuse Price Performance

Shares of BELFB opened at $235.04 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.75. The company’s fifty day moving average price is $198.04 and its 200-day moving average price is $164.53. Bel Fuse has a 1-year low of $57.99 and a 1-year high of $248.61. The firm has a market capitalization of $2.98 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 2.50 and a beta of 1.56.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds have recently bought and sold shares of BELFB. Price T Rowe Associates Inc. MD grew its holdings in Bel Fuse by 74.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after purchasing an additional 355,563 shares during the period. Fisher Asset Management LLC acquired a new stake in Bel Fuse in the 4th quarter valued at $42,680,000. Wasatch Advisors LP increased its holdings in Bel Fuse by 74.3% in the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock worth $69,631,000 after acquiring an additional 174,969 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Bel Fuse by 45.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after acquiring an additional 161,736 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Bel Fuse by 1,345.9% during the fourth quarter. JPMorgan Chase & Co. now owns 143,361 shares of the electronics maker’s stock valued at $24,318,000 after purchasing an additional 133,446 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

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.