Bel Fuse (NASDAQ:BELFB) Given New $100.00 Price Target at Needham & Company LLC

Bel Fuse (NASDAQ:BELFB) had its price objective raised by Needham & Company LLC from $95.00 to $100.00 in a research note released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the electronics maker’s stock.

A number of other equities research analysts have also recently weighed in on the stock. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 29th. Oppenheimer began coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $100.00.

Bel Fuse Stock Performance

BELFB stock opened at $84.51 on Thursday. The stock’s fifty day moving average is $81.81 and its two-hundred day moving average is $77.17. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 0.97 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. Bel Fuse has a 1 year low of $45.74 and a 1 year high of $92.61.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.41%. The firm had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. During the same quarter in the prior year, the business earned $1.29 earnings per share. On average, research analysts predict that Bel Fuse will post 5.65 EPS for the current year.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. Bel Fuse’s dividend payout ratio (DPR) is 8.56%.

Insider Activity at Bel Fuse

In related news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the vice president now owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

A number of large investors have recently made changes to their positions in BELFB. Barclays PLC increased its stake in Bel Fuse by 319.5% in the 3rd quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock valued at $1,257,000 after buying an additional 12,192 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Bel Fuse by 26.5% in the 3rd quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock valued at $3,166,000 after purchasing an additional 8,442 shares during the last quarter. Hodges Capital Management Inc. raised its holdings in Bel Fuse by 38.1% during the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock valued at $8,630,000 after buying an additional 28,860 shares in the last quarter. Geode Capital Management LLC raised its holdings in Bel Fuse by 2.2% during the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after buying an additional 6,250 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Bel Fuse by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock worth $2,386,000 after buying an additional 2,793 shares during the last quarter. Institutional investors and hedge funds 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.