Needham & Company LLC Issues Positive Forecast for Bel Fuse (NASDAQ:BELFB) Stock Price

Bel Fuse (NASDAQ:BELFB) had its price objective raised by Needham & Company LLC from $212.00 to $250.00 in a report published on Thursday, MarketBeat reports. They currently have a buy rating on the electronics maker’s stock.

A number of other equities research analysts have also recently issued reports on BELFB. Northland Securities set a $247.00 price objective on shares of Bel Fuse in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bel Fuse in a research report on Monday, December 29th. Zacks Research downgraded Bel Fuse from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Wall Street Zen downgraded Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 2nd. Finally, Oppenheimer set a $180.00 target price on Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.20.

Bel Fuse Trading Up 4.0%

NASDAQ:BELFB opened at $230.06 on Thursday. The company has a market capitalization of $2.91 billion, a P/E ratio of 46.86, a P/E/G ratio of 2.35 and a beta of 1.56. The stock’s 50 day moving average price is $196.80 and its 200 day moving average price is $163.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.75 and a current ratio of 3.02. Bel Fuse has a 52 week low of $57.99 and a 52 week high of $248.61.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. boosted its position in shares of Bel Fuse by 45.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after acquiring an additional 161,736 shares during the period. Voloridge Investment Management LLC raised its stake in Bel Fuse by 28.8% during the 4th quarter. Voloridge Investment Management LLC now owns 40,583 shares of the electronics maker’s stock valued at $6,884,000 after purchasing an additional 9,085 shares during the last quarter. SummitTX Capital L.P. bought a new stake in Bel Fuse in the 4th quarter valued at $684,000. Janus Henderson Group PLC grew its position in Bel Fuse by 19.2% in the 4th quarter. Janus Henderson Group PLC now owns 619,337 shares of the electronics maker’s stock worth $105,016,000 after purchasing an additional 99,834 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in shares of Bel Fuse during the 4th quarter worth about $628,000. 58.39% of the stock is owned by institutional investors.

About Bel Fuse

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.