Bel Fuse (NASDAQ:BELFB - Get Free Report) has been assigned a $125.00 target price by investment analysts at Oppenheimer in a report issued on Wednesday, Marketbeat.com reports. The firm presently has an "outperform" rating on the electronics maker's stock. Oppenheimer's target price points to a potential upside of 26.48% from the company's previous close.
A number of other brokerages have also recently commented on BELFB. 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 target on 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 began coverage on Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price target on the stock. Finally, Robert W. Baird began coverage on Bel Fuse in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price target 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $103.60.
View Our Latest Analysis on BELFB
Bel Fuse Price Performance
Shares of NASDAQ BELFB traded up $3.31 during trading hours on Wednesday, reaching $98.83. 161,515 shares of the stock traded hands, compared to its average volume of 86,868. The company has a market capitalization of $1.25 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 1.36 and a beta of 1.51. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.76. Bel Fuse has a 52-week low of $58.00 and a 52-week high of $99.79. The company's 50-day simple moving average is $78.91 and its two-hundred day simple moving average is $78.38.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.50. The company had revenue of $152.24 million for the quarter, compared to analysts' expectations of $147.93 million. Bel Fuse had a return on equity of 12.38% and a net margin of 7.69%. Equities research analysts forecast that Bel Fuse will post 4.63 EPS for the current year.
Insider Buying and Selling at Bel Fuse
In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the sale, the vice president directly owned 12,155 shares in the company, valued at approximately $1,021,384.65. This trade represents a 24.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.37% of the company's stock.
Institutional Investors Weigh In On Bel Fuse
Several hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Bel Fuse by 4.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker's stock valued at $459,000 after purchasing an additional 240 shares in the last quarter. Bosun Asset Management LLC boosted its position in shares of Bel Fuse by 6.4% during the first quarter. Bosun Asset Management LLC now owns 21,442 shares of the electronics maker's stock valued at $1,605,000 after purchasing an additional 1,289 shares in the last quarter. Apis Capital Advisors LLC boosted its position in shares of Bel Fuse by 67.2% during the first quarter. Apis Capital Advisors LLC now owns 21,400 shares of the electronics maker's stock valued at $1,602,000 after purchasing an additional 8,600 shares in the last quarter. Expect Equity LLC boosted its holdings in Bel Fuse by 6.8% in the first quarter. Expect Equity LLC now owns 33,211 shares of the electronics maker's stock worth $2,486,000 after acquiring an additional 2,120 shares in the last quarter. Finally, State of Wyoming boosted its holdings in Bel Fuse by 189.9% in the first quarter. State of Wyoming now owns 4,114 shares of the electronics maker's stock worth $308,000 after acquiring an additional 2,695 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors.
Bel Fuse Company Profile
(
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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