Bel Fuse (NASDAQ:BELFB) Given New $100.00 Price Target at Needham & Company LLC

Bel Fuse (NASDAQ:BELFB) had its price objective hoisted by analysts at Needham & Company LLC from $95.00 to $100.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price target indicates a potential upside of 16.18% from the company’s current price.

Several other research analysts also recently commented on BELFB. Oppenheimer started coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price target on the stock. StockNews.com downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $100.00.

Bel Fuse Stock Up 1.8 %

Shares of NASDAQ BELFB opened at $86.07 on Thursday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 26.32, a PEG ratio of 0.96 and a beta of 1.28. Bel Fuse has a one year low of $45.74 and a one year high of $92.61. The firm’s 50 day simple moving average is $81.82 and its two-hundred day simple moving average is $77.34. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 2.71.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same period last year, the business posted $1.29 earnings per share. As a group, analysts expect that Bel Fuse will post 5.65 EPS for the current fiscal year.

Insider Buying and Selling

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the transaction, the vice president now directly owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.37% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp bought a new stake in shares of Bel Fuse during the 4th quarter valued at $517,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Bel Fuse by 26.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker’s stock valued at $1,670,000 after buying an additional 4,204 shares in the last quarter. Tema Etfs LLC bought a new stake in shares of Bel Fuse during the 4th quarter valued at $702,000. Potrero Capital Research LLC boosted its holdings in shares of Bel Fuse by 107.1% during the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock valued at $12,039,000 after buying an additional 75,483 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Bel Fuse during the 4th quarter valued at $240,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

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.