Bel Fuse Inc. (NASDAQ:BELFB) Stock Has Consensus Price Target of $315.67 According to Analysts

Key Points

• Analysts maintain a Moderate Buy consensus on Bel Fuse, with six buy ratings and two holds among eight analysts. The average 12-month price target is $315.67, above the reported share price of $212.40.
• Bel Fuse shares have traded between $129.94 and $335.29 over the past year and carry a market capitalization of approximately $3.07 billion. The stock’s valuation includes a P/E ratio of 51.30 and a beta of 1.67.
• The company declared a quarterly dividend of $0.07 per share, equivalent to an annualized $0.28 payout and a 0.1% yield. Insiders sold 1,893 shares worth about $476,949 over the past 90 days, while institutional investors own 58.39% of the stock.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $315.67.

A number of equities research analysts have weighed in on BELFB shares. Northland Securities set a $326.00 price objective on Bel Fuse in a research note on Friday, July 31st. Zacks Research upgraded Bel Fuse from a "strong sell" rating to a "hold" rating in a research note on Wednesday, October 14th. B. Riley Financial assumed coverage on Bel Fuse in a report on Tuesday, July 14th. They issued a "buy" rating for the company. Wall Street Zen raised Bel Fuse from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded Bel Fuse from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 13th.

Bel Fuse Stock Performance

Shares of NASDAQ:BELFB opened at $212.40 on Wednesday. Bel Fuse has a 1 year low of $129.94 and a 1 year high of $335.29. The stock has a market capitalization of $3.07 billion, a P/E ratio of 51.30, a PEG ratio of 2.31 and a beta of 1.67. The stock has a 50-day simple moving average of $248.25 and a 200-day simple moving average of $263.37.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $0.07 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse's dividend payout ratio is 6.76%.

Insider Activity at Bel Fuse

In other news, Director Vincent Vellucci sold 1,000 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $235.15, for a total value of $235,150.00. Following the sale, the director directly owned 7,434 shares of the company's stock, valued at approximately $1,748,105.10. This trade represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of Bel Fuse stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total value of $146,060.00. Following the sale, the director directly owned 750 shares in the company, valued at $219,090. The trade was a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,893 shares of company stock valued at $476,949. Corporate insiders own 5.37% of the company's stock.

Institutional Trading of Bel Fuse

Hedge funds have recently bought and sold shares of the stock. Janus Henderson Group PLC raised its stake in Bel Fuse by 22.7% in the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker's stock worth $150,587,000 after purchasing an additional 140,804 shares in the last quarter. Wasatch Advisors LP lifted its holdings in shares of Bel Fuse by 2.2% in the second quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker's stock worth $162,994,000 after acquiring an additional 10,705 shares during the last quarter. Congress Asset Management Co. acquired a new position in shares of Bel Fuse during the third quarter worth $63,101,000. Dimensional Fund Advisors LP raised its holdings in Bel Fuse by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 256,833 shares of the electronics maker's stock valued at $50,851,000 after buying an additional 1,992 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of Bel Fuse by 49.4% in the second quarter. Tidal Investments LLC now owns 211,805 shares of the electronics maker's stock worth $70,540,000 after purchasing an additional 70,014 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company's portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.

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