Bel Fuse Inc. (NASDAQ:BELFB) Stock Has Consensus Price Target of $320.67 According to Brokerages

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $320.67.

A number of equities research analysts recently issued reports on the company. Weiss Ratings downgraded Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, November 4th. Wall Street Zen upgraded Bel Fuse from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. boosted their target price on Bel Fuse from $330.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Northland Securities set a $326.00 target price on Bel Fuse in a research note on Friday, July 31st. Finally, Zacks Research raised Bel Fuse from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 14th.

Insiders Place Their Bets

In other news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $235.15, for a total value of $235,150.00. Following the completion of the sale, the director owned 7,434 shares of the company’s stock, valued at approximately $1,748,105.10. This represents a 11.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.37% of the stock is owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently added to or reduced their stakes in BELFB. State of Wyoming bought a new stake in shares of Bel Fuse in the first quarter worth about $30,000. KBC Group NV purchased a new position in Bel Fuse during the 1st quarter valued at about $38,000. Signature Equity Partners LLC bought a new position in Bel Fuse during the 1st quarter valued at approximately $39,000. PNC Financial Services Group Inc. raised its position in Bel Fuse by 20.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 48 shares during the last quarter. Finally, Signaturefd LLC raised its position in Bel Fuse by 243.7% during the 3rd quarter. Signaturefd LLC now owns 299 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

NASDAQ BELFB traded down $8.00 on Friday, hitting $225.49. 128,169 shares of the stock traded hands, compared to its average volume of 215,026. The business’s fifty day moving average is $233.88 and its two-hundred day moving average is $248.90. Bel Fuse has a 12 month low of $133.71 and a 12 month high of $335.29. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 53.69, a PEG ratio of 1.73 and a beta of 1.70.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Wednesday, October 28th. The electronics maker reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.89). Bel Fuse had a return on equity of 8.53% and a net margin of 7.34%. The business had revenue of $220.51 million for the quarter, compared to the consensus estimate of $215.74 million. Analysts expect that Bel Fuse will post 7.05 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.1%. Bel Fuse’s payout ratio is 6.67%.

Bel Fuse Company Profile

Bel Fuse Inc. designs, manufactures and markets products that power, protect and connect electronic circuits. Its offerings include power supplies and converters, circuit protection components, magnetic components, connectors, cable assemblies and networking products. The company’s products serve customers in industries including telecommunications, networking, computing, industrial equipment, aerospace, defense and transportation. Bel Fuse sells products worldwide and operates across North America, Europe and Asia.