Analysts Set Bel Fuse Inc. (NASDAQ:BELFB) Target Price at $196.20

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $196.20.

A number of research analysts have recently weighed in on BELFB shares. Northland Securities set a $266.00 price objective on Bel Fuse in a research report on Thursday, February 19th. Weiss Ratings lowered shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Zacks Research cut shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Needham & Company LLC lifted their price target on shares of Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Finally, Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday.

Insiders Place Their Bets

In other news, Director Peter E. Gilbert sold 4,500 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director directly owned 15,047 shares in the company, valued at $3,592,471.25. The trade was a 23.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BELFB. XTX Topco Ltd purchased a new stake in Bel Fuse in the 2nd quarter worth $358,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Bel Fuse during the third quarter valued at about $492,000. Inspire Investing LLC bought a new stake in shares of Bel Fuse in the third quarter worth about $990,000. Sierra Summit Advisors LLC bought a new stake in shares of Bel Fuse in the second quarter worth about $906,000. Finally, SG Capital Management LLC purchased a new stake in shares of Bel Fuse in the second quarter worth about $2,074,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Price Performance

NASDAQ BELFB opened at $205.11 on Tuesday. The business’s fifty day moving average is $210.65 and its 200 day moving average is $173.69. Bel Fuse has a fifty-two week low of $57.99 and a fifty-two week high of $248.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The company has a market capitalization of $2.60 billion, a PE ratio of 41.77, a price-to-earnings-growth ratio of 2.01 and a beta of 1.51.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.28 annualized dividend and a yield of 0.1%. Bel Fuse’s dividend payout ratio is currently 5.70%.

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.