Bel Fuse (NASDAQ:BELFA) Reaches New 1-Year High - Time to Buy?

Key Points

• Bel Fuse shares hit a new 52‑week high of $227.59 on Friday (last $226.05) with a market cap around $2.84 billion and 50/200‑day moving averages near $198.94/$162.01.
• The company reported a sizable quarterly beat — EPS $1.88 vs. $1.10 expected and revenue $175.94M vs. $172.01M — yet the stock trades at a high valuation (PE 48.3) with a consensus analyst target of $250.
• Significant insider selling was disclosed recently (CEO sold 33,967 shares at about $234; a director sold 4,500 shares at ~$238.75), while Bel Fuse pays a modest quarterly dividend of $0.06 (≈0.1% yield).

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $227.59 and last traded at $226.0520, with a volume of 43333 shares trading hands. The stock had previously closed at $222.50.

Analyst Upgrades and Downgrades

BELFA has been the subject of a number of research reports. Weiss Ratings cut Bel Fuse from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday, February 26th. Robert W. Baird set a $250.00 target price on Bel Fuse in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $250.00.

Bel Fuse Stock Up 0.9%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The firm has a market cap of $2.84 billion, a PE ratio of 48.30 and a beta of 1.25. The stock has a fifty day moving average price of $198.94 and a 200-day moving average price of $162.01.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.78. The firm had revenue of $175.94 million during the quarter, compared to analysts' expectations of $172.01 million. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse's dividend payout ratio is currently 5.16%.

Insider Buying and Selling

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company's stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total value of $7,948,278.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter E. Gilbert sold 4,500 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the transaction, the director owned 15,047 shares of the company's stock, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their position. The SEC filing for this sale provides additional information. 5.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently bought and sold shares of BELFA. Hound Partners LLC acquired a new position in shares of Bel Fuse in the 4th quarter valued at approximately $5,714,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Bel Fuse in the 3rd quarter valued at approximately $1,628,000. Citadel Advisors LLC raised its position in shares of Bel Fuse by 434.9% in the 3rd quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company's stock valued at $1,552,000 after purchasing an additional 10,843 shares in the last quarter. Millennium Management LLC raised its position in shares of Bel Fuse by 314.2% in the 4th quarter. Millennium Management LLC now owns 12,729 shares of the scientific and technical instruments company's stock valued at $1,932,000 after purchasing an additional 9,656 shares in the last quarter. Finally, Nitor Capital Management LLC acquired a new position in shares of Bel Fuse in the 4th quarter valued at approximately $1,063,000. Hedge funds and other institutional investors own 6.01% of the company's stock.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.