Bel Fuse (NASDAQ:BELFB) Price Target Raised to $154.00

Key Points

• Investment analysts at Robert W. Baird raised their price target for Bel Fuse from $130.00 to $154.00, indicating a potential upside of 13.26% from the current price.
• Bel Fuse currently holds a consensus rating of "Buy", with two investment analysts rating it as a Strong Buy and five as a Buy.
• Insider selling activity revealed that VP Kenneth Koon Keung Lai sold 4,000 shares, reducing his position by 24.76%, while insider Stephen Dawson sold 1,200 shares, decreasing his ownership by 7.76%.

Bel Fuse (NASDAQ:BELFB - Free Report) had its price target hoisted by Robert W. Baird from $130.00 to $154.00 in a research note published on Wednesday,Benzinga reports. They currently have an outperform rating on the electronics maker's stock.

A number of other research analysts have also recently weighed in on the stock. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Wall Street Zen cut shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Needham & Company LLC boosted their target price on shares of Bel Fuse from $116.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. 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, July 2nd. Finally, Northland Securities boosted their target price on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $126.80.

Bel Fuse Stock Performance

BELFB traded up $0.82 on Wednesday, reaching $143.88. The stock had a trading volume of 171,971 shares, compared to its average volume of 129,200. Bel Fuse has a 12-month low of $57.99 and a 12-month high of $145.79. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The business's 50-day moving average price is $120.66 and its two-hundred day moving average price is $91.57. The company has a market cap of $1.82 billion, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 1.86 and a beta of 1.59.

Bel Fuse Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.28 annualized dividend and a yield of 0.2%. This is a boost from Bel Fuse's previous quarterly dividend of $0.06. Bel Fuse's dividend payout ratio is currently 6.86%.

Insider Activity

In related news, insider Stephen Dawson sold 1,200 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $127.07, for a total transaction of $152,484.00. Following the completion of the sale, the insider owned 14,265 shares of the company's stock, valued at approximately $1,812,653.55. This represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $128.00, for a total transaction of $243,200.00. Following the sale, the vice president directly owned 10,255 shares of the company's stock, valued at approximately $1,312,640. This represents a 15.63% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,100 shares of company stock valued at $731,804. 5.37% of the stock is owned by corporate insiders.

Institutional Trading of Bel Fuse

Several large investors have recently bought and sold shares of BELFB. Canada Pension Plan Investment Board lifted its holdings in Bel Fuse by 6.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker's stock worth $156,000 after buying an additional 100 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Bel Fuse by 3.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,862 shares of the electronics maker's stock worth $377,000 after buying an additional 113 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Bel Fuse by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker's stock worth $971,000 after buying an additional 116 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Bel Fuse by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker's stock worth $330,000 after buying an additional 189 shares in the last quarter. Finally, PFG Advisors lifted its holdings in Bel Fuse by 3.3% during the 2nd quarter. PFG Advisors now owns 6,281 shares of the electronics maker's stock worth $614,000 after buying an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.

About Bel Fuse

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.