Bel Fuse (NASDAQ:BELFB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bel Fuse (NASDAQ:BELFB) from a buy rating to a strong-buy rating in a research report report published on Saturday morning.

Several other brokerages have also recently weighed in on BELFB. Weiss Ratings reissued a “buy (b-)” rating on shares of Bel Fuse in a research note on Wednesday, October 8th. Northland Securities set a $188.00 price target on Bel Fuse in a research note on Friday. Robert W. Baird set a $170.00 price target on Bel Fuse in a research note on Friday. Needham & Company LLC increased their price target on Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Oppenheimer set a $180.00 price target on Bel Fuse and gave the company an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $164.20.

Bel Fuse Price Performance

Shares of BELFB opened at $158.57 on Friday. The stock has a market cap of $2.01 billion, a PE ratio of 30.49, a PEG ratio of 1.86 and a beta of 1.55. The business has a 50-day simple moving average of $145.11 and a two-hundred day simple moving average of $112.44. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. Bel Fuse has a 12-month low of $57.99 and a 12-month high of $160.70.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.2%. Bel Fuse’s dividend payout ratio (DPR) is currently 5.38%.

Institutional Investors Weigh In On Bel Fuse

Large investors have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its stake in 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 during the period. CWM LLC boosted its holdings in Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 228 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Bel Fuse in the second quarter worth approximately $50,000. State of Alaska Department of Revenue bought a new position in Bel Fuse in the third quarter worth approximately $78,000. Finally, BNP Paribas Financial Markets boosted its holdings in Bel Fuse by 60.0% in the second quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after acquiring an additional 375 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.