Bel Fuse (NASDAQ:BELFB) Reaches New 1-Year High – Time to Buy?

Bel Fuse Inc. (NASDAQ:BELFB) hit a new 52-week high during trading on Tuesday . The stock traded as high as $85.08 and last traded at $84.69, with a volume of 22903 shares trading hands. The stock had previously closed at $84.72.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BELFB. Needham & Company LLC lifted their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. StockNews.com upgraded Bel Fuse from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Northland Securities boosted their target price on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st.

Bel Fuse Trading Down 1.3 %

The company has a market cap of $1.06 billion, a price-to-earnings ratio of 14.29 and a beta of 1.34. The company’s 50 day moving average price is $70.57 and its 200 day moving average price is $66.59. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. The business had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. During the same period last year, the business earned $1.95 EPS. Research analysts anticipate that Bel Fuse Inc. will post 4.52 EPS for the current year.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 4.71%.

Institutional Trading of Bel Fuse

A number of hedge funds have recently bought and sold shares of BELFB. Beach Investment Counsel Inc. PA acquired a new position in Bel Fuse in the second quarter worth about $25,000. Comerica Bank raised its holdings in shares of Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after buying an additional 510 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Bel Fuse during the 3rd quarter worth approximately $200,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Bel Fuse in the 1st quarter valued at $173,000. Finally, DHK Financial Advisors Inc. bought a new stake in Bel Fuse in the second quarter valued at $335,000. 58.39% of the stock is owned by institutional investors.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.