Bel Fuse (NASDAQ:BELFB) Price Target Raised to $95.00 at Needham & Company LLC

Bel Fuse (NASDAQ:BELFB) had its target price increased by Needham & Company LLC from $79.00 to $95.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

Several other equities research analysts have also recently weighed in on the company. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. StockNews.com lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Finally, Northland Securities raised their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $72.79 on Monday. The firm has a market cap of $913.51 million, a price-to-earnings ratio of 17.10 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The business’s fifty day moving average is $77.64 and its 200 day moving average is $69.95. Bel Fuse has a 52-week low of $45.74 and a 52-week high of $85.91.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.42%.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently bought and sold shares of BELFB. Beach Investment Counsel Inc. PA purchased a new position in shares of Bel Fuse during the second quarter valued at approximately $25,000. nVerses Capital LLC purchased a new position in Bel Fuse in the 3rd quarter worth $39,000. Comerica Bank grew its position in Bel Fuse by 223.7% during the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 510 shares during the period. BNP Paribas Financial Markets grew its position in Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Bel Fuse during the 3rd quarter valued at about $200,000. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.