Bel Fuse (BELFB) Projected to Post Earnings on Thursday

Bel Fuse (NASDAQ:BELFB) is expected to release its results after the market closes on Thursday, July 23rd. Analysts expect the company to post earnings of $2.38 per share and revenue of $206.46 million for the quarter.

Bel Fuse Price Performance

NASDAQ:BELFB opened at $275.00 on Thursday. The stock has a market cap of $3.50 billion, a P/E ratio of 62.64, a PEG ratio of 2.74 and a beta of 1.68. Bel Fuse has a one year low of $95.45 and a one year high of $335.29. The company has a fifty day moving average price of $281.52 and a 200 day moving average price of $239.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73.

Bel Fuse Dividend Announcement

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

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new position in shares of Bel Fuse in the 4th quarter worth approximately $33,000. Erste Asset Management GmbH bought a new position in shares of Bel Fuse during the 4th quarter worth approximately $83,000. BNP Paribas Financial Markets lifted its position in shares of Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after buying an additional 375 shares during the period. Tower Research Capital LLC TRC boosted its stake in Bel Fuse by 437.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock valued at $101,000 after buying an additional 845 shares in the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in Bel Fuse in the 3rd quarter valued at $138,000. 58.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BELFB shares. Northland Securities set a $321.00 price objective on shares of Bel Fuse in a report on Monday, May 4th. Oppenheimer reiterated an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Bank of America started coverage on Bel Fuse in a research report on Tuesday. They set a “buy” rating and a $330.00 target price on the stock. Robert W. Baird set a $293.00 price target on Bel Fuse in a research note on Friday, May 1st. Finally, Needham & Company LLC upped their price target on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $321.50.

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.