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

Bel Fuse (NASDAQ:BELFB) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Monday.

Several other brokerages have also issued reports on BELFB. Northland Securities set a $188.00 price target on Bel Fuse in a research note on Friday, October 31st. Oppenheimer set a $180.00 target price on Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a research report on Friday, October 31st. Needham & Company LLC lifted their price target on shares of Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $184.80.

Bel Fuse Price Performance

BELFB stock opened at $217.25 on Monday. The firm has a 50 day simple moving average of $181.27 and a two-hundred day simple moving average of $154.98. The stock has a market cap of $2.75 billion, a PE ratio of 41.78, a P/E/G ratio of 2.30 and a beta of 1.56. Bel Fuse has a one year low of $57.99 and a one year high of $222.49. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75.

Insider Activity

In other news, VP Joseph Berry sold 408 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the sale, the vice president directly owned 17,893 shares in the company, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $144.23, for a total value of $279,229.28. Following the completion of the sale, the vice president directly owned 8,319 shares in the company, valued at $1,199,849.37. The trade was a 18.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,027 shares of company stock valued at $435,034. Insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently bought and sold shares of the stock. PFG Advisors increased its holdings in Bel Fuse by 1.3% in the 4th quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock worth $1,129,000 after buying an additional 84 shares in the last quarter. Arizona State Retirement System lifted its stake in Bel Fuse by 3.3% during the 3rd quarter. Arizona State Retirement System now owns 3,112 shares of the electronics maker’s stock valued at $439,000 after acquiring an additional 99 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Bel Fuse by 6.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock valued at $156,000 after acquiring an additional 100 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Bel Fuse by 3.0% in the second quarter. Janney Montgomery Scott LLC now owns 3,862 shares of the electronics maker’s stock worth $377,000 after acquiring an additional 113 shares during the period. Finally, Federated Hermes Inc. raised its holdings in shares of Bel Fuse by 52.5% during the third quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 115 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.