Bel Fuse (NASDAQ:BELFB) Upgraded to Strong-Buy at Wall Street Zen

Key Points

• Bel Fuse has been upgraded to a "strong-buy" rating by Wall Street Zen, indicating increased confidence from analysts.
• Several other firms have raised their price targets for Bel Fuse, with Oppenheimer setting a new target of $175.00.
• Currently, approximately 58.39% of Bel Fuse's stock is owned by institutional investors, highlighting significant institutional interest in the company.

Bel Fuse (NASDAQ:BELFB - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report released on Saturday.

Several other research firms have also recently commented on BELFB. Oppenheimer upped their price target on Bel Fuse from $140.00 to $175.00 and gave the company an "outperform" rating in a report on Tuesday, September 16th. Northland Securities upped their price target on Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, June 30th. Robert W. Baird upped their price target on Bel Fuse from $130.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, September 3rd. Needham & Company LLC upped their price target on Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Baird R W raised Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $136.80.

Bel Fuse Stock Performance

NASDAQ:BELFB traded up $2.83 during mid-day trading on Friday, hitting $149.34. 4,425 shares of the company's stock traded hands, compared to its average volume of 117,452. The firm has a 50 day moving average of $130.64 and a two-hundred day moving average of $96.47. Bel Fuse has a 12 month low of $57.99 and a 12 month high of $152.45. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 1.73 and a beta of 1.59. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63.

Insiders Place Their Bets

In other news, insider Stephen Dawson sold 1,200 shares of Bel Fuse stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the sale, the insider directly owned 14,265 shares of the company's stock, valued at approximately $1,812,653.55. This trade represents a 7.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of Bel Fuse stock in a transaction on Friday, August 1st. The shares were sold at an average price of $128.00, for a total value of $243,200.00. Following the completion of the sale, the vice president directly owned 10,255 shares of the company's stock, valued at $1,312,640. This trade represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.37% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Bel Fuse by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker's stock worth $68,654,000 after purchasing an additional 12,808 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Bel Fuse by 1.5% in the 1st quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker's stock worth $26,735,000 after purchasing an additional 5,376 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Bel Fuse by 28.3% in the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker's stock worth $31,827,000 after purchasing an additional 71,895 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Bel Fuse by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker's stock worth $31,451,000 after purchasing an additional 8,243 shares during the last quarter. Finally, Wasatch Advisors LP boosted its position in shares of Bel Fuse by 33.6% in the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker's stock worth $27,745,000 after purchasing an additional 71,390 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

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.