Bel Fuse (NASDAQ:BELFB) Price Target Raised to $19.00

Bel Fuse (NASDAQ:BELFB) had its price target hoisted by Needham & Company LLC from $17.00 to $19.00 in a report published on Tuesday, Briefing.com Automated Import reports. The firm currently has a buy rating on the electronics maker’s stock.

Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Bel Fuse from a sell rating to a hold rating in a research note on Tuesday, August 6th. TheStreet cut shares of Bel Fuse from a c rating to a d+ rating in a research note on Wednesday, October 30th.

NASDAQ:BELFB traded up $0.22 during midday trading on Tuesday, reaching $16.23. 53,500 shares of the stock traded hands, compared to its average volume of 48,881. The stock has a market capitalization of $205.04 million, a P/E ratio of 19.82 and a beta of 1.46. The company has a fifty day moving average of $14.79 and a 200 day moving average of $15.76. Bel Fuse has a 12 month low of $9.03 and a 12 month high of $27.77. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.94 and a current ratio of 3.21.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.22. The business had revenue of $124.48 million for the quarter. Bel Fuse had a net margin of 0.31% and a return on equity of 5.83%.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.73%. The ex-dividend date is Tuesday, January 14th.

Institutional investors and hedge funds have recently made changes to their positions in the business. 6 Meridian purchased a new stake in Bel Fuse during the 3rd quarter valued at approximately $313,000. BlackRock Inc. grew its holdings in Bel Fuse by 0.8% during the 2nd quarter. BlackRock Inc. now owns 1,506,590 shares of the electronics maker’s stock valued at $25,868,000 after buying an additional 11,238 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Bel Fuse by 126.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,748 shares of the electronics maker’s stock valued at $116,000 after buying an additional 4,332 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in Bel Fuse by 29.7% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 16,925 shares of the electronics maker’s stock valued at $254,000 after buying an additional 3,875 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Bel Fuse by 42.1% during the 2nd quarter. Invesco Ltd. now owns 145,510 shares of the electronics maker’s stock valued at $2,498,000 after buying an additional 43,112 shares in the last quarter. 60.99% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

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