Bel Fuse (NASDAQ:BELFB) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFB)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $215.50 and traded as high as $280.01. Bel Fuse shares last traded at $279.13, with a volume of 352,115 shares traded.

Analysts Set New Price Targets

BELFB has been the subject of several recent research reports. Needham & Company LLC boosted their price objective on Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Robert W. Baird set a $293.00 price objective on Bel Fuse in a report on Friday, May 1st. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Oppenheimer reissued an “outperform” rating and set a $315.00 price objective on shares of Bel Fuse in a report on Friday, May 1st. Finally, Northland Securities set a $321.00 price objective on Bel Fuse in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Bel Fuse presently has an average rating of “Moderate Buy” and an average target price of $307.25.

Bel Fuse Price Performance

The stock has a market cap of $3.55 billion, a P/E ratio of 63.58, a PEG ratio of 2.64 and a beta of 1.70. The company has a 50 day simple moving average of $255.27 and a 200 day simple moving average of $215.50. 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 issued 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 is presently 6.38%.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Bel Fuse by 20.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after buying an additional 48 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Bel Fuse by 1.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,782 shares of the electronics maker’s stock valued at $947,000 after buying an additional 50 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Bel Fuse by 2.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock valued at $693,000 after acquiring an additional 79 shares during the period. PFG Advisors raised its stake in Bel Fuse by 1.3% in the 4th quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock valued at $1,129,000 after acquiring an additional 84 shares during the period. Finally, Bank of America Corp DE raised its stake in Bel Fuse by 0.9% in the 1st quarter. Bank of America Corp DE now owns 10,348 shares of the electronics maker’s stock valued at $2,049,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds 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.