Bel Fuse (NASDAQ:BELFB) Stock Price Expected to Rise, Northland Securities Analyst Says

Bel Fuse (NASDAQ:BELFB - Get Free Report) had its price objective boosted by Northland Securities from $93.00 to $110.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the electronics maker's stock. Northland Securities' price objective points to a potential upside of 9.79% from the company's previous close.

BELFB has been the topic of a number of other reports. Needham & Company LLC dropped their target price on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Craig Hallum initiated coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price on the stock. Oppenheimer set a $125.00 target price on shares of Bel Fuse and gave the company an "outperform" rating in a research note on Wednesday. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Finally, Robert W. Baird initiated coverage on shares of Bel Fuse in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $106.60.

Bel Fuse Stock Up 1.4%

BELFB traded up $1.37 during midday trading on Monday, hitting $100.20. The company had a trading volume of 105,544 shares, compared to its average volume of 87,352. Bel Fuse has a 52 week low of $58.00 and a 52 week high of $100.52. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 1.42 and a beta of 1.51. The stock's 50 day moving average price is $80.09 and its 200 day moving average price is $78.46.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.50. The firm had revenue of $152.24 million during the quarter, compared to analysts' expectations of $147.93 million. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. On average, research analysts anticipate that Bel Fuse will post 4.63 earnings per share for the current fiscal year.

Insider Activity at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the transaction, the vice president owned 12,155 shares of the company's stock, valued at approximately $1,021,384.65. This trade represents a 24.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.37% of the company's stock.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new stake in shares of Bel Fuse in the 1st quarter worth about $19,007,000. Makaira Partners LLC purchased a new stake in shares of Bel Fuse in the 1st quarter worth about $18,415,000. Brown Advisory Inc. bought a new position in shares of Bel Fuse in the 4th quarter worth about $11,807,000. Janus Henderson Group PLC increased its stake in shares of Bel Fuse by 55.4% in 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 in the last quarter. Finally, Portolan Capital Management LLC increased its stake 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 worth $17,193,000 after acquiring an additional 87,612 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.

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.