Bel Fuse (NASDAQ:BELFB) Coverage Initiated at Craig Hallum

Research analysts at Craig Hallum initiated coverage on shares of Bel Fuse (NASDAQ:BELFB) in a research report issued on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $115.00 price target on the electronics maker’s stock. Craig Hallum’s price objective indicates a potential upside of 48.64% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Needham & Company LLC boosted their price objective on Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Oppenheimer initiated coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective for the company. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $103.75.

Bel Fuse Trading Down 0.1 %

Shares of Bel Fuse stock opened at $77.37 on Tuesday. The firm’s 50 day moving average is $80.30 and its 200 day moving average is $79.72. The firm has a market capitalization of $970.14 million, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. Bel Fuse has a 1 year low of $53.74 and a 1 year high of $92.61. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB) last posted its 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). The company had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same period in the previous year, the firm posted $1.29 EPS. Equities research analysts forecast that Bel Fuse will post 4.63 earnings per share for the current fiscal year.

Institutional Trading of Bel Fuse

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its holdings 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 in the last quarter. American Century Companies Inc. lifted its position in shares of Bel Fuse by 10.6% during the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock valued at $29,009,000 after acquiring an additional 33,768 shares during the period. Advisory Research Inc. lifted its position in shares of Bel Fuse by 27.4% during the 4th quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock valued at $25,850,000 after acquiring an additional 67,460 shares during the period. Geode Capital Management LLC boosted its stake in 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 acquiring an additional 2,722 shares in the last quarter. Finally, Portolan Capital Management LLC grew its holdings in Bel Fuse by 72.5% in the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock worth $17,193,000 after purchasing an additional 87,612 shares during the period. Institutional investors and hedge funds 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.