Needham & Company LLC Issues Pessimistic Forecast for Bel Fuse (NASDAQ:BELFB) Stock Price

Bel Fuse (NASDAQ:BELFB - Get Free Report) had its price objective cut by Needham & Company LLC from $100.00 to $95.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the electronics maker's stock. Needham & Company LLC's price objective suggests a potential upside of 44.44% from the company's previous close.

Other equities analysts have also issued research reports about the stock. Craig Hallum started coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target on the stock. StockNews.com downgraded shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $102.50.

Bel Fuse Stock Down 3.7 %

Shares of NASDAQ:BELFB traded down $2.51 during midday trading on Monday, hitting $65.77. The stock had a trading volume of 110,487 shares, compared to its average volume of 79,560. The business's 50-day simple moving average is $73.87 and its 200-day simple moving average is $78.48. Bel Fuse has a 12 month low of $57.20 and a 12 month high of $92.61. The company has a market cap of $824.69 million, a P/E ratio of 20.11, a PEG ratio of 1.24 and a beta of 1.12. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.50. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The company had revenue of $152.24 million during the quarter, compared to the consensus estimate of $147.93 million. On average, sell-side analysts forecast that Bel Fuse will post 4.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently bought and sold shares of the business. Bessemer Group Inc. purchased a new position in shares of Bel Fuse in the 1st quarter worth $19,007,000. Brown Advisory Inc. purchased a new stake in shares of Bel Fuse during the fourth quarter valued at $11,807,000. Janus Henderson Group PLC lifted its position in Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock worth $32,821,000 after acquiring an additional 141,951 shares during the period. Portolan Capital Management LLC lifted its holdings in shares of Bel Fuse by 72.5% in the 4th quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker's stock valued at $17,193,000 after buying an additional 87,612 shares during the period. Finally, Potrero Capital Research LLC lifted its holdings in shares of Bel Fuse by 107.1% in the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker's stock valued at $12,039,000 after buying an additional 75,483 shares during the period. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Company Profile

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.