Bel Fuse (NASDAQ:BELFB) Sets New 52-Week High - Still a Buy?

Key Points

• Bel Fuse Inc. achieved a new 52-week high stock price of $152.85, with the last trading price at $150.75 and a volume of 86,406 shares.
• Analysts have upgraded the stock, with a consensus rating of "Buy" and a target price of $138.40, suggesting strong investor confidence.
• The company announced an increase in dividends to $0.07 per share, effective October 31st, signaling positive financial health and commitment to returning value to shareholders.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $152.85 and last traded at $150.75, with a volume of 86406 shares trading hands. The stock had previously closed at $147.07.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BELFB shares. Wall Street Zen upgraded shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Monday, October 6th. Weiss Ratings restated a "buy (b-)" rating on shares of Bel Fuse in a report on Wednesday, October 8th. Oppenheimer upped their price target on Bel Fuse from $140.00 to $175.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 16th. Northland Securities upped their price target on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Finally, Robert W. Baird upped their price target on Bel Fuse from $154.00 to $162.00 and gave the stock an "outperform" rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, Bel Fuse currently has a consensus rating of "Buy" and a consensus price target of $138.40.

Bel Fuse Trading Up 2.5%

The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The business's fifty day moving average is $139.41 and its 200-day moving average is $103.72. The stock has a market capitalization of $1.91 billion, a PE ratio of 36.95, a P/E/G ratio of 1.77 and a beta of 1.55.

Bel Fuse Increases Dividend

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

Insider Buying and Selling

In related news, VP Kenneth Koon Keung Lai sold 1,900 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen Dawson sold 1,200 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the sale, the insider directly owned 14,265 shares of the company's stock, valued at $1,812,653.55. This represents a 7.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by corporate insiders.

Institutional Trading of Bel Fuse

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

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.

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