Bel Fuse (NASDAQ:BELFB) Hits New 1-Year High – Time to Buy?

Bel Fuse Inc. (NASDAQ:BELFB) reached a new 52-week high during trading on Monday . The stock traded as high as $161.66 and last traded at $163.9650, with a volume of 213576 shares trading hands. The stock had previously closed at $160.16.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the stock an “outperform” rating in a research note on Friday, October 31st. Zacks Research raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Wall Street Zen raised Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Needham & Company LLC upped their price target on Bel Fuse from $130.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bel Fuse in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, Bel Fuse presently has an average rating of “Buy” and a consensus target price of $164.20.

Bel Fuse Price Performance

The company has a market cap of $2.06 billion, a P/E ratio of 31.30, a PEG ratio of 1.86 and a beta of 1.59. The firm’s 50-day moving average is $146.71 and its two-hundred day moving average is $114.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72.

Bel Fuse Announces Dividend

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

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Bel Fuse by 1.4% in the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock worth $68,654,000 after buying an additional 12,808 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Bel Fuse by 1.5% during the first quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker’s stock valued at $26,735,000 after buying an additional 5,376 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Bel Fuse by 28.3% during the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock worth $31,827,000 after acquiring an additional 71,895 shares during the last quarter. Geode Capital Management LLC grew its position in Bel Fuse by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker’s stock valued at $31,451,000 after acquiring an additional 8,243 shares during the last quarter. Finally, Wasatch Advisors LP grew its position in Bel Fuse by 33.6% in the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock valued at $27,745,000 after acquiring an additional 71,390 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

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.