Analysts Set Bel Fuse Inc. (NASDAQ:BELFB) PT at $103.75

Bel Fuse Inc. (NASDAQ:BELFB) has earned an average rating of “Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $103.75.

A number of equities analysts have commented on BELFB shares. Needham & Company LLC lifted their price target on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Craig Hallum started coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They issued a “buy” rating and a $115.00 target price on the stock. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Oppenheimer initiated coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $74.86 on Tuesday. The stock has a market capitalization of $938.67 million, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The company has a fifty day moving average of $80.03 and a 200-day moving average of $80.03. Bel Fuse has a 52-week low of $53.74 and a 52-week high of $92.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results 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 business had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same quarter in the previous year, the company earned $1.29 earnings per share. Equities research analysts expect that Bel Fuse will post 4.63 EPS for the current year.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.37%. Bel Fuse’s dividend payout ratio is presently 8.56%.

Institutional Trading of Bel Fuse

Several large investors have recently added to or reduced their stakes in BELFB. KLP Kapitalforvaltning AS purchased a new position in shares of Bel Fuse during the 4th quarter worth approximately $148,000. BNP Paribas Financial Markets boosted its position in shares of Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares in the last quarter. ProShare Advisors LLC purchased a new stake in Bel Fuse in the fourth quarter worth $240,000. Kovitz Investment Group Partners LLC bought a new position in Bel Fuse in the third quarter worth $288,000. Finally, Integrated Quantitative Investments LLC bought a new position in Bel Fuse in the fourth quarter worth $298,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

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.