Bel Fuse (NASDAQ:BELFB) Now Covered by Craig Hallum

Craig Hallum initiated coverage on shares of Bel Fuse (NASDAQ:BELFB) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $115.00 price target on the electronics maker’s stock. Craig Hallum’s price target points to a potential upside of 49.02% from the stock’s current price.

A number of other analysts also recently issued reports on BELFB. Needham & Company LLC increased their price target on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Oppenheimer started coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price on the stock. Finally, StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $103.75.

Bel Fuse Stock Performance

Shares of NASDAQ BELFB opened at $77.17 on Tuesday. The stock has a market cap of $967.63 million, a price-to-earnings ratio of 23.60, a PEG ratio of 1.24 and a beta of 1.12. The company has a 50 day simple moving average of $80.37 and a two-hundred day simple moving average of $79.64. Bel Fuse has a 12 month low of $53.74 and a 12 month high of $92.61. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). The company had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same period last year, the firm earned $1.29 EPS. As a group, analysts predict that Bel Fuse will post 4.63 earnings per share for the current year.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently bought and sold shares of the company. Barclays PLC grew its holdings in shares of Bel Fuse by 319.5% during the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock worth $1,257,000 after buying an additional 12,192 shares in the last quarter. Hodges Capital Management Inc. boosted its position in Bel Fuse by 38.1% during the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker’s stock worth $8,630,000 after acquiring an additional 28,860 shares during the last quarter. Geode Capital Management LLC grew its stake in Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after acquiring an additional 6,250 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Bel Fuse by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker’s stock valued at $2,386,000 after acquiring an additional 2,793 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Bel Fuse by 6.3% in the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 249 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

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.