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

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

Several other equities analysts also recently commented on BELFB. Weiss Ratings downgraded Bel Fuse from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. increased their target price on Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Needham & Company LLC lifted their target price on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Robert W. Baird set a $293.00 price target on Bel Fuse in a report on Friday, May 1st. Finally, Zacks Research upgraded Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $324.00.

Bel Fuse Stock Performance

Bel Fuse stock opened at $291.59 on Friday. Bel Fuse has a 12-month low of $124.42 and a 12-month high of $335.29. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 70.43, a P/E/G ratio of 3.09 and a beta of 1.72. The firm has a 50 day moving average of $281.77 and a 200 day moving average of $250.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in shares of Bel Fuse by 74.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after buying an additional 355,563 shares in the last quarter. Fisher Asset Management LLC purchased a new position in Bel Fuse in the fourth quarter worth about $42,680,000. Wasatch Advisors LP increased its stake in Bel Fuse by 74.3% during the fourth quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock worth $69,631,000 after acquiring an additional 174,969 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Bel Fuse by 45.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock worth $88,039,000 after acquiring an additional 161,736 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in Bel Fuse by 22.7% during the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after purchasing an additional 140,804 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

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.