StockNews.com Upgrades Bel Fuse (NASDAQ:BELFB) to Strong-Buy

Bel Fuse (NASDAQ:BELFB) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC boosted their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Finally, Northland Securities lifted their price target on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB traded up $0.02 on Friday, hitting $78.54. The stock had a trading volume of 61,764 shares, compared to its average volume of 93,181. Bel Fuse has a twelve month low of $43.60 and a twelve month high of $85.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. The firm’s 50 day moving average price is $74.03 and its 200-day moving average price is $67.82. The company has a market capitalization of $991.17 million, a price-to-earnings ratio of 13.22 and a beta of 1.34.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, beating the consensus estimate of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The company had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. During the same quarter in the previous year, the company earned $1.95 EPS. On average, equities research analysts predict that Bel Fuse will post 4.52 earnings per share for the current year.

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beach Investment Counsel Inc. PA bought a new stake in Bel Fuse during the 2nd quarter worth about $25,000. nVerses Capital LLC acquired a new position in shares of Bel Fuse in the 3rd quarter valued at approximately $39,000. Comerica Bank grew its position in shares of 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 during the period. Rhumbline Advisers grew its position in shares of Bel Fuse by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker’s stock valued at $1,094,000 after purchasing an additional 787 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Bel Fuse by 10.5% in the 2nd quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker’s stock valued at $563,000 after purchasing an additional 823 shares during the period. 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.