Bel Fuse (NASDAQ:BELFA) Raised to Strong-Buy at Baird R W

Bel Fuse (NASDAQ:BELFA) was upgraded by research analysts at Baird R W to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Separately, Craig Hallum set a $115.00 target price on Bel Fuse and gave the company a “buy” rating in a research note on Tuesday, March 25th.

Bel Fuse Price Performance

Shares of BELFA opened at $69.56 on Monday. The company has a 50 day moving average price of $65.48 and a 200-day moving average price of $78.73. 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 stock has a market capitalization of $881.12 million, a PE ratio of 22.51 and a beta of 1.05. Bel Fuse has a fifty-two week low of $53.95 and a fifty-two week high of $106.93.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.29. The business had revenue of $152.24 million for the quarter, compared to the consensus estimate of $148.60 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.

Institutional Trading of Bel Fuse

A number of institutional investors have recently bought and sold shares of BELFA. Rhumbline Advisers boosted its holdings in shares of Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock valued at $188,000 after acquiring an additional 767 shares during the last quarter. Makaira Partners LLC acquired a new position in shares of Bel Fuse during the 1st quarter worth about $288,000. American Century Companies Inc. raised its holdings in shares of Bel Fuse by 19.6% during the first quarter. American Century Companies Inc. now owns 35,895 shares of the scientific and technical instruments company’s stock valued at $2,587,000 after acquiring an additional 5,876 shares during the last quarter. Cynosure Group LLC purchased a new position in Bel Fuse in the 1st quarter valued at $310,000. Finally, Herald Investment Management Ltd lifted its stake in shares of Bel Fuse by 87.5% in the first quarter. Herald Investment Management Ltd now owns 7,500 shares of the scientific and technical instruments company’s stock worth $540,000 after buying an additional 3,500 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

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.