Bel Fuse (NASDAQ:BELFB) Shares Down 7.5% – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFB)’s share price fell 7.5% on Monday . The company traded as low as $254.42 and last traded at $252.35. 29,728 shares were traded during trading, a decline of 87% from the average session volume of 234,070 shares. The stock had previously closed at $272.80.

Analyst Ratings Changes

BELFB has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on Bel Fuse in a research report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price objective on the stock. Zacks Research downgraded Bel Fuse from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. B. Riley Financial began coverage on Bel Fuse in a research note on Tuesday, July 14th. They issued a “buy” rating for the company. Oppenheimer reiterated an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a report on Friday, May 1st. Finally, Needham & Company LLC boosted their price target on Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Bel Fuse presently has an average rating of “Moderate Buy” and an average price target of $321.50.

Bel Fuse Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The stock has a 50-day moving average price of $280.66 and a 200-day moving average price of $245.49. The firm has a market capitalization of $3.19 billion, a PE ratio of 57.17, a price-to-earnings-growth ratio of 2.80 and a beta of 1.68.

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently made changes to their positions in the business. Tema ETFs LLC increased its stake in shares of Bel Fuse by 52.2% in the second quarter. Tema ETFs LLC now owns 202,849 shares of the electronics maker’s stock worth $67,557,000 after buying an additional 69,531 shares during the last quarter. Wasatch Advisors LP grew its holdings in Bel Fuse by 2.2% during the 2nd quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker’s stock worth $162,994,000 after acquiring an additional 10,705 shares in the last quarter. Argent Capital Management LLC bought a new stake in shares of Bel Fuse in the 1st quarter worth about $558,000. Bank of America Corp DE increased its position in shares of 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 worth $2,049,000 after purchasing an additional 89 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Bel Fuse by 22.7% in the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after purchasing an additional 140,804 shares in the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

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.