Bel Fuse Inc. (NASDAQ:BELFB) Receives $103.75 Consensus PT from Analysts

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have earned a consensus rating of “Buy” from the five research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $103.75.

A number of equities research analysts recently issued reports on the company. StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Craig Hallum assumed coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price objective on the stock. Finally, Needham & Company LLC raised their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 20th.

Bel Fuse Stock Performance

Shares of BELFB opened at $71.21 on Friday. The firm has a market cap of $892.90 million, a P/E ratio of 21.78, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse has a twelve month low of $57.00 and a twelve month high of $92.61. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The firm’s 50 day moving average price is $74.45 and its two-hundred day moving average price is $78.69.

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

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.39%. Bel Fuse’s payout ratio is 8.56%.

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in shares of Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock worth $32,821,000 after buying an additional 141,951 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Bel Fuse by 10.6% during the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock worth $29,009,000 after acquiring an additional 33,768 shares during the period. Advisory Research Inc. boosted its holdings in shares of Bel Fuse by 27.4% during the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock worth $25,850,000 after acquiring an additional 67,460 shares during the period. Geode Capital Management LLC increased its stake in shares of Bel Fuse by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker’s stock worth $24,088,000 after purchasing an additional 2,722 shares during the period. Finally, Bessemer Group Inc. bought a new position in shares of Bel Fuse during the first quarter worth approximately $19,007,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.