Bel Fuse (NASDAQ:BELFB) Sets New 12-Month High - Still a Buy?

Key Points

• Bel Fuse Inc.'s stock reached a new 52-week high, trading at $150.84, reflecting an increase from its previous closing price of $144.60.
• Analysts have shown optimism, with price target increases from Robert W. Baird and Oppenheimer, suggesting an average target of $136.80 and a consensus rating of "Buy" for the stock.
• The company announced a boost in its quarterly dividend to $0.07 per share, effective for the upcoming payment date of October 31st, reflecting a commitment to returning value to shareholders.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $151.50 and last traded at $150.84, with a volume of 37276 shares trading hands. The stock had previously closed at $144.60.

Analyst Upgrades and Downgrades

BELFB has been the subject of a number of research reports. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Needham & Company LLC boosted their price target on shares of Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wall Street Zen raised shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Northland Securities boosted their price target on shares of Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Finally, Robert W. Baird boosted their price target on shares of Bel Fuse from $130.00 to $154.00 and gave the company an "outperform" rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to data from MarketBeat, Bel Fuse currently has a consensus rating of "Buy" and a consensus target price of $136.80.

Bel Fuse Stock Up 3.1%

The company has a market cap of $1.85 billion, a PE ratio of 33.27, a PEG ratio of 1.73 and a beta of 1.59. The stock's 50 day moving average price is $130.64 and its 200-day moving average price is $96.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05.

Bel Fuse Increases Dividend

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

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, insider Stephen Dawson sold 1,200 shares of the stock in a transaction on 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 $1,812,653.55. This represents a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the stock in a transaction on 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 $1,312,640. The trade was a 15.63% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its holdings in Bel Fuse by 12.1% in the 2nd quarter. Osaic Holdings Inc. now owns 7,048 shares of the electronics maker's stock worth $688,000 after purchasing an additional 758 shares in the last quarter. Hohimer Wealth Management LLC bought a new position in Bel Fuse in the 2nd quarter worth $250,000. Tower Research Capital LLC TRC raised its holdings in Bel Fuse by 437.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker's stock worth $101,000 after purchasing an additional 845 shares in the last quarter. Wasatch Advisors LP raised its holdings in 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 in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Bel Fuse by 36.9% in the 2nd quarter. Lazard Asset Management LLC now owns 39,089 shares of the electronics maker's stock worth $3,818,000 after purchasing an additional 10,530 shares in 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.