Needham & Company LLC Issues Positive Forecast for Bel Fuse (NASDAQ:BELFB) Stock Price

Bel Fuse (NASDAQ:BELFB) had its price target boosted by equities research analysts at Needham & Company LLC from $95.00 to $100.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price target suggests a potential upside of 22.65% from the stock’s current price.

A number of other equities analysts have also recently commented on BELFB. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 29th. Oppenheimer began coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $100.00.

Bel Fuse Stock Down 0.7 %

Bel Fuse stock opened at $81.53 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The company’s 50-day moving average is $81.79 and its 200-day moving average is $77.12. The firm has a market capitalization of $1.02 billion, a PE ratio of 18.70, a P/E/G ratio of 0.97 and a beta of 1.28. Bel Fuse has a fifty-two week low of $45.74 and a fifty-two week high of $92.61.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a return on equity of 17.97% and a net margin of 10.44%. The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. During the same period last year, the firm earned $1.29 EPS. Sell-side analysts anticipate that Bel Fuse will post 4.18 earnings per share for the current year.

Insider Activity at Bel Fuse

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now directly owns 8,023 shares of the company’s stock, valued at $644,246.90. The trade was a 11.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Bel Fuse by 26.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker’s stock worth $1,670,000 after purchasing an additional 4,204 shares during the period. Tema Etfs LLC acquired a new position in shares of Bel Fuse in the 4th quarter valued at approximately $702,000. Potrero Capital Research LLC lifted its holdings in shares of Bel Fuse by 107.1% during the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock worth $12,039,000 after acquiring an additional 75,483 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Bel Fuse during the 4th quarter worth approximately $240,000. Finally, Millennium Management LLC bought a new position in Bel Fuse in the fourth quarter valued at approximately $305,000. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

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.