Bel Fuse (NASDAQ:BELFB) Price Target Raised to $80.00

Bel Fuse (NASDAQ:BELFB) had its price target hoisted by Northland Securities from $63.00 to $80.00 in a research report released on Tuesday, Benzinga reports. Northland Securities currently has a market perform rating on the electronics maker’s stock.

A number of other brokerages also recently weighed in on BELFB. StockNews.com downgraded shares of Bel Fuse from a buy rating to a hold rating in a research note on Wednesday, July 24th. Needham & Company LLC boosted their target price 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

NASDAQ:BELFB opened at $69.23 on Tuesday. The company has a 50-day moving average of $67.31 and a 200-day moving average of $63.59. The company has a market capitalization of $873.68 million, a price-to-earnings ratio of 11.65 and a beta of 1.41. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $76.09. 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 announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $130.27 million. During the same period last year, the firm posted $1.95 EPS. As a group, equities research analysts anticipate that Bel Fuse will post 4.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BELFB. Beach Investment Counsel Inc. PA bought a new stake in shares of Bel Fuse in the second quarter worth $25,000. Comerica Bank lifted its position in shares of Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 510 shares in the last quarter. New York State Teachers Retirement System lifted its position in shares of Bel Fuse by 373.5% in the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock worth $57,000 after purchasing an additional 747 shares in the last quarter. AJOVista LLC bought a new stake in shares of Bel Fuse in the fourth quarter worth $73,000. Finally, National Bank of Canada FI bought a new stake in shares of Bel Fuse in the fourth quarter worth $78,000. Institutional investors own 58.39% of the company’s stock.

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.