Bel Fuse Inc. (NASDAQ:BELFB) Receives $319.80 Average Price Target from Analysts

Bel Fuse Inc. (NASDAQ:BELFB) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $319.80.

Several equities analysts have weighed in on the company. Oppenheimer reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a research report on Friday, May 1st. Wall Street Zen downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Northland Securities set a $321.00 target price on Bel Fuse in a research report on Monday, May 4th. JPMorgan Chase & Co. assumed coverage on Bel Fuse in a research report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 target price for the company. Finally, Robert W. Baird set a $293.00 target price on Bel Fuse in a research report on Friday, May 1st.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $294.15 on Thursday. The company has a market cap of $3.74 billion, a P/E ratio of 67.00, a P/E/G ratio of 2.84 and a beta of 1.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The stock has a 50-day moving average of $274.32 and a two-hundred day moving average of $227.49. Bel Fuse has a 1-year low of $90.52 and a 1-year high of $311.67.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be given a $0.07 dividend. 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 payout ratio is currently 6.38%.

Hedge Funds Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in shares of Bel Fuse by 365.6% in the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after buying an additional 117 shares during the period. State of Wyoming purchased a new position in shares of Bel Fuse in the 1st quarter valued at about $30,000. Kemnay Advisory Services Inc. purchased a new position in shares of Bel Fuse in the 4th quarter valued at about $33,000. Jones Financial Companies Lllp boosted its stake in shares of Bel Fuse by 139.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after buying an additional 151 shares during the period. Finally, KBC Group NV purchased a new position in shares of Bel Fuse in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

About Bel Fuse

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.