Semanteon Capital Management LP Buys Shares of 3,996 Bel Fuse Inc. $BELFB

Semanteon Capital Management LP acquired a new position in Bel Fuse Inc. (NASDAQ:BELFB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,996 shares of the electronics maker’s stock, valued at approximately $564,000.

Several other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp increased its stake in shares of Bel Fuse by 139.8% in the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 151 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after buying an additional 115 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Bel Fuse during the 3rd quarter valued at approximately $78,000. BNP Paribas Financial Markets boosted its holdings in Bel Fuse by 60.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after buying an additional 375 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in Bel Fuse by 437.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock valued at $101,000 after buying an additional 845 shares in the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BELFB shares. Zacks Research downgraded Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a research report on Monday, December 29th. Robert W. Baird set a $170.00 price target on Bel Fuse in a report on Friday, October 31st. Oppenheimer set a $180.00 price target on Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Needham & Company LLC raised their target price on shares of Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $196.20.

Bel Fuse Stock Up 2.2%

BELFB opened at $235.04 on Friday. Bel Fuse Inc. has a 12 month low of $57.99 and a 12 month high of $248.61. The company has a current ratio of 3.02, a quick ratio of 1.75 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $198.04 and its 200-day moving average price is $164.53. The company has a market cap of $2.98 billion, a P/E ratio of 47.87, a P/E/G ratio of 2.50 and a beta of 1.56.

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.