Bel Fuse (NASDAQ:BELFB) Price Target Raised to $79.00 at Needham & Company LLC

Bel Fuse (NASDAQ:BELFB) had its price objective lifted by research analysts at Needham & Company LLC from $68.00 to $79.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price objective indicates a potential upside of 8.31% from the company’s current price.

Other analysts have also issued reports about the stock. Northland Securities lowered shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective on the stock. in a research report on Thursday, May 2nd. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Wednesday.

Bel Fuse Price Performance

Shares of Bel Fuse stock opened at $72.94 on Friday. The stock has a market cap of $920.50 million, a price-to-earnings ratio of 12.28 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.70 and a current ratio of 4.21. The stock has a 50 day moving average price of $66.67 and a 200-day moving average price of $63.22. Bel Fuse has a one year low of $39.13 and a one year high of $74.75.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 21.28%. The company had revenue of $133.21 million during the quarter, compared to analyst estimates of $130.27 million. During the same period in the previous year, the firm earned $1.95 earnings per share. Equities analysts expect that Bel Fuse will post 4.39 EPS for the current year.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in BELFB. Vanguard Group Inc. raised its position in Bel Fuse by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 676,723 shares of the electronics maker’s stock valued at $32,293,000 after purchasing an additional 30,752 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of Bel Fuse by 5.1% in the fourth quarter. Ritholtz Wealth Management now owns 20,270 shares of the electronics maker’s stock valued at $1,353,000 after acquiring an additional 976 shares in the last quarter. PFG Advisors lifted its stake in Bel Fuse by 24.0% in the fourth quarter. PFG Advisors now owns 6,463 shares of the electronics maker’s stock worth $432,000 after acquiring an additional 1,253 shares during the period. International Assets Investment Management LLC bought a new position in Bel Fuse during the 4th quarter worth about $6,041,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Bel Fuse during the 4th quarter valued at about $229,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

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.