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

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

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

Bel Fuse Price Performance

BELFB stock opened at $80.50 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The company’s 50-day moving average is $68.28 and its 200-day moving average is $64.94. The stock has a market capitalization of $1.02 billion, a PE ratio of 13.55 and a beta of 1.34. Bel Fuse has a 1 year low of $39.13 and a 1 year high of $82.00.

Bel Fuse (NASDAQ:BELFB) last issued its 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 return on equity of 20.97% and a net margin of 11.81%. The company had revenue of $133.21 million for the quarter, compared to analyst estimates of $130.27 million. During the same period in the prior year, the firm earned $1.95 earnings per share. Equities research analysts expect that Bel Fuse will post 4.52 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

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

Hedge Funds Weigh In On Bel Fuse

Several hedge funds have recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC grew its stake in Bel Fuse by 4.4% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the electronics maker’s stock valued at $314,000 after acquiring an additional 200 shares in the last quarter. Beach Investment Counsel Inc. PA purchased a new position in shares of Bel Fuse during the 2nd quarter valued at $25,000. Comerica Bank increased its holdings 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 during the period. New York State Teachers Retirement System raised 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 buying an additional 747 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Bel Fuse by 4.9% during the second quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker’s stock valued at $1,094,000 after buying an additional 787 shares during the period. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

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.