Bel Fuse (NASDAQ:BELFB) Rating Increased to Strong-Buy at Zacks Research

Bel Fuse (NASDAQ:BELFB) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Northland Securities set a $188.00 price target on Bel Fuse in a research report on Friday, October 31st. Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Needham & Company LLC raised their price target on Bel Fuse from $130.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Oppenheimer set a $180.00 price target on Bel Fuse and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Robert W. Baird set a $170.00 price objective on shares of Bel Fuse in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $164.20.

Bel Fuse Trading Up 3.4%

BELFB stock opened at $160.16 on Wednesday. Bel Fuse has a 52 week low of $57.99 and a 52 week high of $160.70. The company has a market capitalization of $2.03 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.86 and a beta of 1.59. The company’s 50-day simple moving average is $146.18 and its 200 day simple moving average is $113.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BELFB. Templeton & Phillips Capital Management LLC bought a new position in shares of Bel Fuse during the 3rd quarter valued at about $203,000. Navellier & Associates Inc. bought a new position in shares of Bel Fuse during the third quarter valued at about $466,000. Savant Capital LLC bought a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $208,000. Envestnet Asset Management Inc. boosted its holdings in Bel Fuse by 40.5% in the third quarter. Envestnet Asset Management Inc. now owns 4,359 shares of the electronics maker’s stock valued at $615,000 after acquiring an additional 1,256 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Bel Fuse during the third quarter valued at about $492,000. Institutional investors 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.