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

Key Points

• Bel Fuse has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, indicating increased investor confidence in the company's stock.
• Multiple research firms have raised their price targets for Bel Fuse, with Oppenheimer setting a new target at $175.00, reflecting positive growth expectations.
• Institutional investors currently hold 58.39% of Bel Fuse's stock, showing significant support from large financial entities.

Bel Fuse (NASDAQ:BELFB - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Monday.

Several other research firms also recently weighed in on BELFB. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Robert W. Baird boosted their price target on shares of Bel Fuse from $130.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 3rd. Northland Securities boosted their price target on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th. Oppenheimer boosted their price target on shares of Bel Fuse from $140.00 to $175.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 16th. Finally, Needham & Company LLC boosted their price target on shares of Bel Fuse from $116.00 to $130.00 and gave the stock a "buy" rating in a research report 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 company has an average rating of "Buy" and a consensus target price of $136.80.

Bel Fuse Stock Performance

BELFB stock opened at $138.97 on Monday. The company has a market capitalization of $1.76 billion, a P/E ratio of 34.06, a PEG ratio of 1.69 and a beta of 1.55. The company has a 50-day simple moving average of $137.45 and a 200 day simple moving average of $100.63. Bel Fuse has a fifty-two week low of $57.99 and a fifty-two week high of $152.45. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63.

Insider Activity

In other Bel Fuse news, 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 transaction of $152,484.00. Following the sale, the insider owned 14,265 shares in the company, valued at approximately $1,812,653.55. The trade was 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 the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the sale, the vice president owned 10,255 shares in the company, valued at approximately $1,312,640. The trade was 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 insiders.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently bought and sold shares of BELFB. Millennium Management LLC purchased a new position in Bel Fuse during the 4th quarter valued at about $305,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Bel Fuse by 26.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker's stock valued at $1,670,000 after acquiring an additional 4,204 shares in the last quarter. GAMMA Investing LLC grew its stake in Bel Fuse by 6,826.9% during the 1st quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker's stock valued at $347,000 after acquiring an additional 4,574 shares in the last quarter. Bessemer Group Inc. purchased a new position in Bel Fuse during the 1st quarter valued at about $19,007,000. Finally, Teacher Retirement System of Texas purchased a new position in Bel Fuse during the 1st quarter valued at about $404,000. Hedge funds and other institutional investors 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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