Oppenheimer set a $125.00 price target on Bel Fuse (NASDAQ:BELFB - Free Report) in a report published on Wednesday, MarketBeat reports. The brokerage currently has an outperform rating on the electronics maker's stock.
Several other analysts also recently issued reports on BELFB. Craig Hallum assumed coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They set a "buy" rating and a $115.00 target price on the stock. Baird R W raised Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Needham & Company LLC decreased their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Robert W. Baird started coverage on Bel Fuse in a report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 target price on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Bel Fuse currently has an average rating of "Buy" and an average price target of $106.60.
Read Our Latest Stock Report on Bel Fuse
Bel Fuse Price Performance
Shares of NASDAQ:BELFB traded up $1.37 on Wednesday, reaching $100.20. 105,544 shares of the company traded hands, compared to its average volume of 87,352. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. The stock has a market capitalization of $1.27 billion, a PE ratio of 29.13, a P/E/G ratio of 1.42 and a beta of 1.51. The company's 50 day moving average is $80.09 and its 200-day moving average is $78.49. Bel Fuse has a fifty-two week low of $58.00 and a fifty-two week high of $100.52.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its earnings results on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, beating the consensus estimate of $0.85 by $0.50. Bel Fuse had a return on equity of 12.38% and a net margin of 7.69%. The business had revenue of $152.24 million during the quarter, compared to the consensus estimate of $147.93 million. As a group, analysts anticipate that Bel Fuse will post 4.63 earnings per share for the current fiscal year.
Bel Fuse Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. Bel Fuse's dividend payout ratio is 8.14%.
Insider Activity at Bel Fuse
In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the sale, the vice president directly owned 12,155 shares in the company, valued at $1,021,384.65. The trade was a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.37% of the company's stock.
Institutional Investors Weigh In On Bel Fuse
A number of large investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 228 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse in the 4th quarter valued at approximately $148,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bel Fuse by 40.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock valued at $222,000 after buying an additional 854 shares during the last quarter. Aristides Capital LLC bought a new position in Bel Fuse in the 1st quarter worth approximately $225,000. Finally, ProShare Advisors LLC acquired a new position in shares of Bel Fuse during the fourth quarter worth approximately $240,000. Institutional investors own 58.39% of the company's stock.
About Bel Fuse
(
Get Free Report)
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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