Needham & Company LLC Cuts Bel Fuse (NASDAQ:BELFB) Price Target to $95.00

Bel Fuse (NASDAQ:BELFB) had its price objective reduced by stock analysts at Needham & Company LLC from $100.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price target indicates a potential upside of 33.41% from the company’s current price.

A number of other equities research analysts have also commented on BELFB. Craig Hallum assumed coverage on Bel Fuse in a research report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 target price on the stock. StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $102.50.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $71.21 on Monday. Bel Fuse has a 12 month low of $57.12 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. The stock has a market capitalization of $892.90 million, a P/E ratio of 21.78, a PEG ratio of 1.24 and a beta of 1.12. The firm’s 50 day moving average is $74.45 and its 200 day moving average is $78.65.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.50. The firm had revenue of $152.24 million for the quarter, compared to analysts’ expectations of $147.93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. On average, sell-side analysts anticipate that Bel Fuse will post 4.63 earnings per share for the current year.

Institutional Investors Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in Bel Fuse during the 4th quarter valued at $148,000. ProShare Advisors LLC bought a new position in shares of Bel Fuse during the 4th quarter valued at $240,000. Integrated Quantitative Investments LLC bought a new stake in Bel Fuse in the 4th quarter worth $298,000. SG Americas Securities LLC boosted its stake in shares of Bel Fuse by 45.0% during the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker’s stock valued at $305,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Bel Fuse in the 4th quarter worth approximately $305,000. Institutional investors 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.