Semanteon Capital Management LP Invests $564,000 in Bel Fuse Inc. $BELFB

Semanteon Capital Management LP purchased a new stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,996 shares of the electronics maker’s stock, valued at approximately $564,000.

Several other institutional investors and hedge funds have also bought and sold shares of BELFB. Jones Financial Companies Lllp grew its position in shares of Bel Fuse by 139.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after buying an additional 151 shares during the last quarter. Federated Hermes Inc. raised its holdings in Bel Fuse by 52.5% in the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 115 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Bel Fuse in the 3rd quarter worth about $78,000. BNP Paribas Financial Markets boosted its stake 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 valued at $98,000 after purchasing an additional 375 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Bel Fuse by 437.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock worth $101,000 after acquiring an additional 845 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a research note on Monday, December 29th. Northland Securities set a $266.00 target price on shares of Bel Fuse in a report on Thursday. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $212.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer set a $180.00 target price on shares of Bel Fuse and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Robert W. Baird set a $170.00 target price on Bel Fuse in a report on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $196.20.

Bel Fuse Stock Up 2.2%

Shares of Bel Fuse stock opened at $235.04 on Friday. The company has a quick ratio of 1.75, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. Bel Fuse Inc. has a twelve month low of $57.99 and a twelve month high of $248.61. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 47.87, a price-to-earnings-growth ratio of 2.50 and a beta of 1.56. The company’s 50 day moving average is $198.04 and its 200 day moving average is $164.53.

Bel Fuse 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.