Bel Fuse (NASDAQ:BELFB – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Saturday.
A number of other equities analysts have also recently issued reports on the company. Needham & Company LLC dropped their target price on Bel Fuse from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, April 29th. Northland Securities lowered Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research note on Thursday, May 2nd.
Check Out Our Latest Research Report on Bel Fuse
Bel Fuse Price Performance
Bel Fuse (NASDAQ:BELFB – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The electronics maker reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.22. Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The company had revenue of $128.09 million for the quarter, compared to analyst estimates of $128.47 million. Research analysts predict that Bel Fuse will post 4.39 earnings per share for the current year.
Institutional Trading of Bel Fuse
Several hedge funds have recently added to or reduced their stakes in BELFB. Quadrature Capital Ltd acquired a new stake in shares of Bel Fuse during the fourth quarter worth $1,061,000. International Assets Investment Management LLC acquired a new position in shares of Bel Fuse during the fourth quarter worth about $6,041,000. Charles Schwab Investment Management Inc. boosted its position in shares of Bel Fuse by 26.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock worth $6,658,000 after buying an additional 21,047 shares during the period. GW&K Investment Management LLC bought a new position in shares of Bel Fuse during the fourth quarter worth about $12,537,000. Finally, Victory Capital Management Inc. lifted its stake in Bel Fuse by 130.4% in the 4th quarter. Victory Capital Management Inc. now owns 6,056 shares of the electronics maker’s stock valued at $404,000 after acquiring an additional 3,428 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.
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.
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