Baird R W Upgrades Bel Fuse (NASDAQ:BELFA) to Strong-Buy

Bel Fuse (NASDAQ:BELFA) was upgraded by investment analysts at Baird R W to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Separately, Craig Hallum set a $115.00 price target on Bel Fuse and gave the company a “buy” rating in a research note on Tuesday, March 25th.

Bel Fuse Stock Performance

Shares of BELFA stock opened at $69.56 on Monday. The company’s 50-day moving average is $65.48 and its 200 day moving average is $78.73. The company has a market capitalization of $881.12 million, a price-to-earnings ratio of 22.51 and a beta of 1.05. Bel Fuse has a one year low of $53.95 and a one year high of $106.93. 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:BELFA) last released its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.99 by $0.29. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The company had revenue of $152.24 million for the quarter, compared to analysts’ expectations of $148.60 million.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Bel Fuse by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock worth $97,000 after buying an additional 223 shares in the last quarter. Barclays PLC lifted its holdings in shares of Bel Fuse by 13.5% in the 4th quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company’s stock worth $237,000 after acquiring an additional 312 shares during the last quarter. Northern Trust Corp raised its position in Bel Fuse by 1.9% in the 4th quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company’s stock worth $1,586,000 after purchasing an additional 323 shares during the period. Bank of America Corp DE lifted its stake in shares of Bel Fuse by 41.8% during the 4th quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company’s stock worth $148,000 after acquiring an additional 486 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock valued at $188,000 after acquiring an additional 767 shares during the last quarter. Hedge funds and other institutional investors own 6.01% 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.