Bel Fuse (NASDAQ:BELFB) Reaches New 12-Month High – Should You Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFB) hit a new 52-week high during trading on Friday . The stock traded as high as $314.65 and last traded at $310.64, with a volume of 914854 shares trading hands. The stock had previously closed at $310.32.

Analyst Ratings Changes

BELFB has been the subject of several recent analyst reports. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Needham & Company LLC raised their price target on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Robert W. Baird set a $293.00 price objective on Bel Fuse in a research report on Friday, May 1st. Wall Street Zen downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Northland Securities set a $321.00 target price on Bel Fuse in a report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $319.80.

Bel Fuse Stock Performance

The company has a market cap of $3.95 billion, a PE ratio of 70.76, a PEG ratio of 3.05 and a beta of 1.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The business has a 50-day moving average of $277.28 and a 200 day moving average of $229.08.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s dividend payout ratio is currently 6.38%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC raised 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 purchasing an additional 117 shares during the period. State of Wyoming bought a new stake in Bel Fuse during the first quarter valued at about $30,000. KBC Group NV bought a new stake in Bel Fuse during the first quarter valued at about $38,000. Kemnay Advisory Services Inc. purchased a new stake in Bel Fuse in the fourth quarter worth about $33,000. Finally, Signature Equity Partners LLC purchased a new stake in Bel Fuse in the first quarter worth about $39,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

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.