Bel Fuse (NASDAQ:BELFB) Raised to “Buy” at Wall Street Zen

Bel Fuse (NASDAQ:BELFB) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Other research analysts also recently issued research reports about the stock. Needham & Company LLC upped their price objective on shares of Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Weiss Ratings downgraded shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Northland Securities set a $266.00 price target on shares of Bel Fuse in a research note on Thursday, February 19th. Finally, Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $196.20.

Bel Fuse Price Performance

BELFB stock opened at $191.81 on Friday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 1.95 and a beta of 1.51. The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. Bel Fuse has a 52-week low of $57.99 and a 52-week high of $248.61. The stock’s fifty day simple moving average is $207.92 and its 200-day simple moving average is $171.50.

Insiders Place Their Bets

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the sale, the director directly owned 15,047 shares of the company’s stock, valued at $3,592,471.25. The trade was a 23.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.37% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in Bel Fuse by 365.6% in the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 117 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Bel Fuse during the fourth quarter valued at approximately $33,000. Jones Financial Companies Lllp raised its stake in shares of Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 151 shares during the period. Federated Hermes Inc. lifted its position 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 worth $47,000 after purchasing an additional 115 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Bel Fuse during the third quarter worth $78,000. 58.39% of the stock is owned by institutional investors and hedge funds.

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.