Bel Fuse (NASDAQ:BELFB – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.
BELFB has been the subject of several other reports. Northland Securities lowered Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research report on Thursday, May 2nd. Needham & Company LLC lowered their price target on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, April 29th.
Get Our Latest Research Report on BELFB
Bel Fuse Trading Up 2.6 %
Bel Fuse (NASDAQ:BELFB – Get Free Report) last announced its earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.22. Bel Fuse had a return on equity of 23.58% and a net margin of 12.62%. The company had revenue of $128.09 million for the quarter, compared to analyst estimates of $128.47 million. Analysts expect that Bel Fuse will post 4.39 earnings per share for the current fiscal year.
Institutional Trading of Bel Fuse
A number of hedge funds and other institutional investors have recently bought and sold shares of BELFB. Beach Investment Counsel Inc. PA acquired a new position in Bel Fuse in the 2nd quarter valued at about $25,000. Comerica Bank boosted its holdings in Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Bel Fuse by 373.5% in the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 747 shares in the last quarter. Tucker Asset Management LLC purchased a new stake in Bel Fuse in the 3rd quarter valued at approximately $59,000. Finally, AJOVista LLC purchased a new stake in shares of Bel Fuse during the 4th quarter worth approximately $73,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.
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