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

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

Several other equities research analysts also recently weighed in on the company. Needham & Company LLC upped their target price on Bel Fuse from $68.00 to $79.00 and gave the stock a buy rating in a research report on Friday, July 26th. Northland Capmk raised Bel Fuse from a hold rating to a strong-buy rating in a research report on Thursday, September 5th. Finally, StockNews.com raised shares of Bel Fuse from a hold rating to a buy rating in a research report on Thursday, August 1st.

Bel Fuse Trading Up 0.3 %

Shares of BELFB stock opened at $80.47 on Tuesday. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $82.00. The firm’s 50 day moving average price is $68.93 and its two-hundred day moving average price is $65.32. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 13.55 and a beta of 1.34.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share 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 business had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. During the same quarter in the previous year, the business posted $1.95 EPS. On average, analysts anticipate that Bel Fuse will post 4.52 EPS for the current year.

Bel Fuse Announces Dividend

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

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in BELFB. Beach Investment Counsel Inc. PA acquired a new position in Bel Fuse in the second quarter worth about $25,000. Comerica Bank lifted its holdings 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 buying an additional 510 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Bel Fuse by 373.5% during the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock worth $57,000 after buying an additional 747 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in shares of Bel Fuse in the 4th quarter worth approximately $143,000. Finally, SG Americas Securities LLC bought a new stake in shares of Bel Fuse in the 3rd quarter valued at approximately $200,000. Institutional investors 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.