Bel Fuse (NASDAQ:BELFB) Stock Rating Lowered by Wall Street Zen

Key Points

• Bel Fuse's stock rating was downgraded from a "strong-buy" to a "buy" by Wall Street Zen, reflecting a cautious outlook from analysts.
• Various analysts have increased their price targets for Bel Fuse, with estimates now ranging from $110.00 to $175.00, suggesting positive sentiment on the stock's future performance.
• Insiders, including VP Kenneth Koon Keung Lai, sold significant shares recently, indicating possible profit-taking after the stock's rise, as seen with a 15.63% decrease in positions.

Bel Fuse (NASDAQ:BELFB - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued research reports about the stock. Northland Securities increased their price target 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. Robert W. Baird increased their price target on shares of Bel Fuse from $154.00 to $162.00 and gave the stock an "outperform" rating in a research note on Friday, October 10th. Oppenheimer increased their price target on shares of Bel Fuse from $140.00 to $175.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 16th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Bel Fuse in a research note on Wednesday, October 8th. Finally, Needham & Company LLC increased their price target 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. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $138.40.

Bel Fuse Trading Down 1.9%

NASDAQ BELFB opened at $146.11 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The firm's fifty day moving average price is $140.40 and its 200 day moving average price is $105.05. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55. Bel Fuse has a 12 month low of $57.99 and a 12 month high of $152.85.

Insider Buying and Selling at Bel Fuse

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

Institutional Trading of Bel Fuse

Hedge funds have recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 228 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Bel Fuse in the second quarter valued at about $50,000. BNP Paribas Financial Markets lifted its stake in shares of Bel Fuse by 60.0% in the second quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker's stock valued at $98,000 after purchasing an additional 375 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Bel Fuse by 437.8% in the second quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker's stock valued at $101,000 after purchasing an additional 845 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Bel Fuse by 6.7% in the second quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker's stock valued at $156,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds 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.

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