Wall Street Zen Downgrades Bel Fuse (NASDAQ:BELFB) to Buy

Bel Fuse (NASDAQ:BELFB) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

A number of other brokerages have also recently issued reports on BELFB. Robert W. Baird increased their target price on shares of Bel Fuse from $154.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bel Fuse in a research note on Wednesday, October 8th. Northland Securities lifted their target price on shares of Bel Fuse from $93.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, June 30th. Needham & Company LLC boosted their target price on Bel Fuse from $116.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Finally, Oppenheimer increased their price target on Bel Fuse from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and an average target price of $138.40.

Bel Fuse Stock Performance

Bel Fuse stock opened at $146.11 on Friday. The firm has a market capitalization of $1.85 billion, a P/E ratio of 35.81, a P/E/G ratio of 1.78 and a beta of 1.55. The stock has a fifty day moving average price of $140.40 and a two-hundred day moving average price of $105.54. Bel Fuse has a 52-week low of $57.99 and a 52-week high of $152.85. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72.

Insiders Place Their Bets

In related news, VP Kenneth Koon Keung Lai sold 1,900 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the transaction, the vice president owned 10,255 shares in the company, valued at $1,312,640. This trade represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Dawson sold 1,200 shares of Bel Fuse stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the sale, the insider owned 14,265 shares of the company’s stock, valued at approximately $1,812,653.55. The trade was a 7.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently modified their holdings of BELFB. Bessemer Group Inc. bought a new position in shares of Bel Fuse during the first quarter worth $19,007,000. Makaira Partners LLC acquired a new stake in Bel Fuse during the 1st quarter worth $18,415,000. Wasatch Advisors LP lifted its holdings in Bel Fuse by 33.6% during the second quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after acquiring an additional 71,390 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Bel Fuse in the first quarter valued at about $4,280,000. Finally, Tema Etfs LLC increased its holdings in shares of Bel Fuse by 351.3% in the first quarter. Tema Etfs LLC now owns 38,417 shares of the electronics maker’s stock worth $2,876,000 after acquiring an additional 29,905 shares in the last quarter. 58.39% of the stock is owned by institutional investors.

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.