Bel Fuse Inc. (NASDAQ:BELFB) Stock Has Consensus Target Price of $320.67 According to Brokerages

Key Points

• Analysts are moderately bullish: Bel Fuse has a consensus “Moderate Buy” rating, with six of eight analysts recommending a buy and an average 12-month price target of $320.67. JPMorgan raised its target to $360.
• Quarterly earnings fell short of expectations: Bel Fuse reported $1.83 in earnings per share, below the $2.72 consensus, while revenue of $220.51 million exceeded estimates of $215.74 million.
• Shares traded at $225.49 after falling $8 during Friday’s trading. The company also declared a quarterly dividend of $0.07 per share, equivalent to a 0.1% annual yield.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eight research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $320.67.

BELFB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on Bel Fuse from $330.00 to $360.00 and gave the company an "overweight" rating in a research note on Friday, October 30th. Wall Street Zen raised shares of Bel Fuse from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Needham & Company LLC began coverage on shares of Bel Fuse in a report on Friday, October 30th. They issued a "buy" rating and a $300.00 price objective on the stock. Northland Securities set a $326.00 price objective on shares of Bel Fuse in a research report on Friday, July 31st. Finally, Weiss Ratings downgraded shares of Bel Fuse from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, November 4th.

Bel Fuse Stock Performance

NASDAQ:BELFB traded down $8.00 during mid-day trading on Friday, hitting $225.49. The stock had a trading volume of 128,169 shares, compared to its average volume of 215,026. Bel Fuse has a twelve month low of $133.71 and a twelve month high of $335.29. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 53.69, a PEG ratio of 1.73 and a beta of 1.70. The company's 50 day simple moving average is $233.88 and its 200 day simple moving average is $248.90.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $2.72 by ($0.89). The business had revenue of $220.51 million for the quarter, compared to the consensus estimate of $215.74 million. Bel Fuse had a return on equity of 8.53% and a net margin of 7.34%. As a group, equities analysts forecast that Bel Fuse will post 7.05 earnings per share for the current year.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.1%. Bel Fuse's dividend payout ratio (DPR) is presently 6.67%.

Insider Activity

In related news, Director Vincent Vellucci sold 1,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $235.15, for a total transaction of $235,150.00. Following the sale, the director owned 7,434 shares of the company's stock, valued at $1,748,105.10. This represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.37% of the stock is currently owned by insiders.

Institutional Trading of Bel Fuse

Hedge funds and other institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its holdings in shares of Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker's stock valued at $150,587,000 after acquiring an additional 140,804 shares in the last quarter. Wasatch Advisors LP lifted its holdings in Bel Fuse by 2.2% during 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 period. Congress Asset Management Co. purchased a new position in Bel Fuse in the third quarter worth $63,101,000. Dimensional Fund Advisors LP boosted its position in Bel Fuse by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 256,833 shares of the electronics maker's stock worth $50,851,000 after purchasing an additional 1,992 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in Bel Fuse by 21.7% in the third quarter. Fisher Asset Management LLC now owns 232,260 shares of the electronics maker's stock worth $56,699,000 after purchasing an additional 41,484 shares during the last quarter. Institutional investors own 58.39% of the company's stock.

Bel Fuse Company Profile

Bel Fuse Inc. designs, manufactures and markets products that power, protect and connect electronic circuits. Its offerings include power supplies and converters, circuit protection components, magnetic components, connectors, cable assemblies and networking products. The company's products serve customers in industries including telecommunications, networking, computing, industrial equipment, aerospace, defense and transportation. Bel Fuse sells products worldwide and operates across North America, Europe and Asia.

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