Bel Fuse (NASDAQ:BELFB - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.
A number of other research firms also recently issued reports on BELFB. JPMorgan Chase & Co. boosted their target price on shares of Bel Fuse from $370.00 to $380.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Citigroup began coverage on Bel Fuse in a research note on Monday, July 13th. They set a "buy" rating for the company. Zacks Research raised Bel Fuse from a "strong sell" rating to a "hold" rating in a report on Tuesday. Oppenheimer restated an "outperform" rating and issued a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Finally, Needham & Company LLC raised 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. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bel Fuse has an average rating of "Moderate Buy" and an average target price of $324.00.
Check Out Our Latest Analysis on BELFB
Bel Fuse Trading Up 0.8%
Shares of NASDAQ BELFB opened at $291.59 on Friday. The company has a 50 day simple moving average of $281.77 and a two-hundred day simple moving average of $249.92. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 70.43, a PEG ratio of 3.07 and a beta of 1.72. Bel Fuse has a 12 month low of $124.42 and a 12 month high of $335.29.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker's stock worth $25,000 after acquiring an additional 117 shares in the last quarter. State of Wyoming acquired a new stake in shares of Bel Fuse during the 1st quarter valued at about $30,000. Kemnay Advisory Services Inc. purchased a new position in shares of Bel Fuse in the 4th quarter valued at about $33,000. KBC Group NV purchased a new position in shares of Bel Fuse in the 1st quarter valued at about $38,000. Finally, Signature Equity Partners LLC acquired a new position in Bel Fuse in the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 58.39% of the company's stock.
About Bel Fuse
(
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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.
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