Bel Fuse Inc. (NASDAQ:BELFB) Receives $319.80 Average Price Target from Brokerages

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have been assigned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and eight have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $321.50.

BELFB has been the topic of a number of research reports. B. Riley Financial started coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Bel Fuse in a research note on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price target for the company. Bank of America started coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating and a $330.00 price objective for the company. Needham & Company LLC upped their target price on Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Robert W. Baird set a $293.00 target price on Bel Fuse in a report on Friday, May 1st.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently added to or reduced their stakes in BELFB. Price T Rowe Associates Inc. MD boosted its holdings in shares of Bel Fuse by 74.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after buying an additional 355,563 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Bel Fuse by 22.7% during the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock worth $150,587,000 after acquiring an additional 140,804 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Bel Fuse by 45.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after acquiring an additional 161,736 shares in the last quarter. Wasatch Advisors LP grew its holdings in Bel Fuse by 2.2% in the second quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker’s stock worth $162,994,000 after purchasing an additional 10,705 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Bel Fuse by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock worth $45,460,000 after purchasing an additional 2,803 shares during the period. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

BELFB opened at $270.56 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. Bel Fuse has a 52-week low of $99.88 and a 52-week high of $335.29. The stock has a market capitalization of $3.44 billion, a PE ratio of 61.63, a price-to-earnings-growth ratio of 2.81 and a beta of 1.68. The stock’s 50 day moving average price is $280.50 and its 200-day moving average price is $240.67.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s payout ratio is currently 6.38%.

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.