Bel Fuse Inc. (NASDAQ:BELFB) Receives $307.25 Consensus Price Target from Brokerages

Shares of Bel Fuse Inc. (NASDAQ:BELFB – Get Free Report) have received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $307.25.

Several brokerages have weighed in on BELFB. Needham & Company LLC increased their price objective on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Oppenheimer reissued an “outperform” rating and set a $315.00 price objective on shares of Bel Fuse in a report on Friday, May 1st. Northland Securities set a $321.00 price objective on Bel Fuse in a report on Monday, May 4th. Robert W. Baird set a $293.00 price objective on Bel Fuse in a report on Friday, May 1st. Finally, Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th.

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Hedge Funds Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently bought and sold shares of BELFB. Farther Finance Advisors LLC grew its holdings in Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 117 shares during the period. State of Wyoming bought a new position in shares of Bel Fuse in the first quarter worth $30,000. Kemnay Advisory Services Inc. bought a new position in shares of Bel Fuse in the fourth quarter worth $33,000. Jones Financial Companies Lllp boosted its holdings in shares of Bel Fuse by 139.8% in the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 151 shares during the period. Finally, KBC Group NV bought a new position in shares of Bel Fuse in the first quarter worth $38,000. 58.39% of the stock is owned by institutional investors.

Bel Fuse Stock Performance

BELFB stock opened at $274.52 on Friday. The firm has a market cap of $3.49 billion, a PE ratio of 62.53, a P/E/G ratio of 2.63 and a beta of 1.75. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $248.14 and a 200-day moving average of $209.90. Bel Fuse has a 12-month low of $70.87 and a 12-month high of $308.27.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s dividend payout ratio is 6.38%.

Bel Fuse Company Profile

(Get Free Report)

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.

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