Brokerages Set Bel Fuse Inc. (NASDAQ:BELFB) Target Price at $103.60

Shares of Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) have been assigned an average recommendation of "Buy" from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $106.60.

Several equities research analysts have recently issued reports on BELFB shares. Oppenheimer set a $125.00 target price on shares of Bel Fuse and gave the stock an "outperform" rating in a research note on Wednesday. Needham & Company LLC reduced their price target on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Robert W. Baird initiated coverage on shares of Bel Fuse in a research report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price target for the company. Finally, Northland Securities upped their price target on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th.

Bel Fuse Stock Performance

NASDAQ:BELFB traded up $1.37 during mid-day trading on Thursday, hitting $100.20. The company's stock had a trading volume of 105,544 shares, compared to its average volume of 87,352. Bel Fuse has a 1 year low of $58.00 and a 1 year high of $100.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 1.42 and a beta of 1.51. The business's fifty day moving average is $80.09 and its two-hundred day moving average is $78.46.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, beating the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. The company had revenue of $152.24 million for the quarter, compared to analyst estimates of $147.93 million. Analysts anticipate that Bel Fuse will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's payout ratio is presently 8.14%.

Insider Activity at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the sale, the vice president owned 12,155 shares of the company's stock, valued at $1,021,384.65. The trade was a 24.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.37% of the company's stock.

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently modified their holdings of the business. CWM LLC grew its stake in shares of Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after acquiring an additional 228 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Bel Fuse during the fourth quarter worth $148,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Bel Fuse by 40.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock worth $222,000 after purchasing an additional 854 shares in the last quarter. Aristides Capital LLC acquired a new position in shares of Bel Fuse during the first quarter worth $225,000. Finally, ProShare Advisors LLC acquired a new position in shares of Bel Fuse during the fourth quarter worth $240,000. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.