Bel Fuse (NASDAQ:BELFB) PT Raised to $95.00

Bel Fuse (NASDAQ:BELFB) had its price objective lifted by Northland Securities from $80.00 to $95.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has an outperform rating on the electronics maker’s stock.

BELFB has been the topic of several other research reports. Northland Capmk raised Bel Fuse from a hold rating to a strong-buy rating in a research note on Thursday, September 5th. StockNews.com raised shares of Bel Fuse from a hold rating to a buy rating in a report on Thursday, August 1st. Finally, Needham & Company LLC upped their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a buy rating in a research note on Friday, July 26th.

Bel Fuse Price Performance

Shares of BELFB stock opened at $80.70 on Tuesday. The company has a market capitalization of $1.02 billion, a P/E ratio of 13.59 and a beta of 1.34. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. Bel Fuse has a 12 month low of $39.13 and a 12 month high of $82.00. The stock has a 50 day moving average of $69.04 and a two-hundred day moving average of $65.50.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The firm had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. During the same quarter in the previous year, the company earned $1.95 earnings per share. As a group, equities analysts expect that Bel Fuse will post 4.52 EPS for the current year.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Tuesday, October 15th. Bel Fuse’s dividend payout ratio is presently 4.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BELFB. SG Americas Securities LLC bought a new stake in Bel Fuse during the 3rd quarter worth about $200,000. Creative Planning acquired a new stake in shares of Bel Fuse during the 2nd quarter worth approximately $344,000. III Capital Management bought a new stake in shares of Bel Fuse during the second quarter worth approximately $391,000. Thrivent Financial for Lutherans lifted its holdings in Bel Fuse by 277.2% in the second quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock valued at $10,927,000 after buying an additional 123,092 shares during the period. Finally, DHK Financial Advisors Inc. bought a new position in Bel Fuse in the second quarter valued at approximately $335,000. 58.39% of the stock is currently owned by institutional investors.

About Bel Fuse

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.