Bel Fuse Inc. (NASDAQ:BELFB) Receives Average Recommendation of “Moderate Buy” from Analysts

Bel Fuse Inc. (NASDAQ:BELFB) has been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $319.80.

A number of equities analysts recently commented on the company. Needham & Company LLC increased their price target on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. assumed coverage on Bel Fuse in a research note on Wednesday, June 10th. They set an “overweight” rating and a $370.00 price target for the company. Oppenheimer reissued an “outperform” rating and set a $315.00 price target on shares of Bel Fuse in a research note on Friday, May 1st. Finally, Northland Securities set a $321.00 price target on Bel Fuse in a research note on Monday, May 4th.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $304.33 on Thursday. The stock has a 50 day moving average of $272.14 and a 200 day moving average of $225.66. Bel Fuse has a 12 month low of $89.58 and a 12 month high of $311.67. The firm has a market cap of $3.87 billion, a PE ratio of 69.32, a PEG ratio of 2.91 and a beta of 1.70. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.38%.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently modified their holdings of BELFB. Price T Rowe Associates Inc. MD lifted its stake in shares of Bel Fuse by 74.3% in the 4th 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 last quarter. Fisher Asset Management LLC bought a new stake in shares of Bel Fuse in the 4th quarter valued at approximately $42,680,000. Wasatch Advisors LP lifted its stake in shares of Bel Fuse by 74.3% in the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after purchasing an additional 174,969 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Bel Fuse by 45.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after purchasing an additional 161,736 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Bel Fuse by 22.7% in the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after purchasing an additional 140,804 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

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.