Bel Fuse (BELFB) Projected to Post Earnings on Wednesday

Bel Fuse (NASDAQ:BELFB) will likely be posting its results after the market closes on Wednesday, October 29th. Analysts expect Bel Fuse to post earnings of $1.68 per share and revenue of $171.6880 million for the quarter.

Bel Fuse Trading Up 1.4%

NASDAQ BELFB opened at $157.00 on Monday. Bel Fuse has a one year low of $57.99 and a one year high of $159.75. The company has a 50-day simple moving average of $142.31 and a 200-day simple moving average of $108.58. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. The firm has a market capitalization of $1.99 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.55.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Needham & Company LLC lifted their price target on shares of Bel Fuse from $116.00 to $130.00 and gave the company a “buy” rating in a report on Friday, July 25th. Oppenheimer lifted their price objective on shares of Bel Fuse from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 16th. Robert W. Baird lifted their price objective on shares of Bel Fuse from $154.00 to $162.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Wall Street Zen downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Bel Fuse in a research report on Friday. One analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $138.40.

Insider Transactions at Bel Fuse

In related news, insider Stephen Dawson sold 1,200 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $127.07, for a total transaction of $152,484.00. Following the completion of the sale, the insider owned 14,265 shares in the company, valued at $1,812,653.55. This trade represents a 7.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.00, for a total transaction of $243,200.00. Following the sale, the vice president owned 10,255 shares of the company’s stock, valued at $1,312,640. This trade represents a 15.63% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

Hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC boosted its stake in shares of Bel Fuse by 36.9% in the 2nd quarter. Lazard Asset Management LLC now owns 39,089 shares of the electronics maker’s stock valued at $3,818,000 after purchasing an additional 10,530 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Bel Fuse by 185.8% in the 2nd quarter. Bank of America Corp DE now owns 22,055 shares of the electronics maker’s stock valued at $2,155,000 after purchasing an additional 14,339 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Bel Fuse by 2.5% in the 2nd quarter. Rhumbline Advisers now owns 15,972 shares of the electronics maker’s stock valued at $1,560,000 after purchasing an additional 383 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bel Fuse by 1.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock valued at $971,000 after purchasing an additional 116 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of Bel Fuse by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 7,048 shares of the electronics maker’s stock valued at $688,000 after purchasing an additional 758 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.