Wall Street Zen Downgrades Bel Fuse (NASDAQ:BELFB) to Buy

Key Points

• Wall Street Zen has downgraded Bel Fuse (NASDAQ:BELFB) from a "strong-buy" to a "buy" rating.
• Multiple analysts have increased their target prices for Bel Fuse, with Aim to reach as high as $175.00 following strong performance metrics.
• Insider selling activity included notable transactions, with Stephen Dawson selling shares worth over $152,000, indicating a 7.76% decrease in his position.

Bel Fuse (NASDAQ:BELFB - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Sunday.

Several other analysts have also recently commented on the company. Northland Securities upped their target price on Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, June 30th. Needham & Company LLC upped their target price on Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a report on Friday, July 25th. Oppenheimer upped their target price on Bel Fuse from $140.00 to $175.00 and gave the company an "outperform" rating in a report on Tuesday, September 16th. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Finally, Robert W. Baird upped their target price on Bel Fuse from $130.00 to $154.00 and gave the company an "outperform" rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $136.80.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $142.84 on Friday. The stock has a market cap of $1.81 billion, a P/E ratio of 35.01, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The stock's 50-day moving average is $134.13 and its 200-day moving average is $98.17. Bel Fuse has a 1-year low of $57.99 and a 1-year high of $152.45.

Insiders Place Their Bets

In other news, insider Stephen Dawson sold 1,200 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the sale, the insider owned 14,265 shares in the company, valued at $1,812,653.55. This represents a 7.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.00, for a total transaction of $243,200.00. Following the completion of the sale, the vice president directly owned 10,255 shares of the company's stock, valued at $1,312,640. The trade was a 15.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Bel Fuse by 1.4% in the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker's stock valued at $68,654,000 after acquiring an additional 12,808 shares in the last quarter. Herald Investment Management Ltd boosted its holdings in shares of Bel Fuse by 25.0% in the 1st quarter. Herald Investment Management Ltd now owns 30,000 shares of the electronics maker's stock worth $2,239,000 after buying an additional 6,000 shares during the last quarter. Koss Olinger Consulting LLC purchased a new position in shares of Bel Fuse in the 1st quarter worth about $639,000. Nuveen LLC purchased a new position in shares of Bel Fuse in the 1st quarter worth about $2,069,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Bel Fuse by 6,826.9% in the 1st quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker's stock worth $347,000 after buying an additional 4,574 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

About Bel Fuse

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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