Bel Fuse (BELFB) Projected to Release Quarterly Earnings on Wednesday

Bel Fuse (NASDAQ:BELFB) is expected to release its results after the market closes on Wednesday, July 29th. Analysts expect Bel Fuse to post earnings of $2.34 per share and revenue of $206.46 million for the quarter.

Bel Fuse Trading Down 0.9%

Shares of NASDAQ BELFB opened at $270.26 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. Bel Fuse has a 52-week low of $118.08 and a 52-week high of $335.29. The firm has a 50 day moving average price of $280.64 and a two-hundred day moving average price of $245.00. The stock has a market cap of $3.44 billion, a P/E ratio of 61.56, a price-to-earnings-growth ratio of 2.83 and a beta of 1.68.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BELFB. Price T Rowe Associates Inc. MD grew its holdings in Bel Fuse by 74.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after purchasing an additional 355,563 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Bel Fuse by 19.2% during the fourth quarter. Janus Henderson Group PLC now owns 619,337 shares of the electronics maker’s stock valued at $105,016,000 after purchasing an additional 99,834 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of Bel Fuse by 45.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after purchasing an additional 161,736 shares during the period. Wasatch Advisors LP grew its stake in shares of Bel Fuse by 74.3% in the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after buying an additional 174,969 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Bel Fuse by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock valued at $45,460,000 after buying an additional 2,803 shares during the period. 58.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BELFB shares. B. Riley Financial started coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They set a “buy” rating on the stock. Oppenheimer restated an “outperform” rating and issued a $315.00 price objective on shares of Bel Fuse in a report on Friday, May 1st. Robert W. Baird set a $293.00 target price on Bel Fuse in a research report on Friday, May 1st. Needham & Company LLC lifted their target price on Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. began coverage on Bel Fuse in a research report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price target on the stock. Eight analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.50.

Bel Fuse Company Profile

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.