Bel Fuse (NASDAQ:BELFB) Issues Earnings Results

Bel Fuse (NASDAQ:BELFB) announced its earnings results on Wednesday. The electronics maker reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.45), Zacks reports. Bel Fuse had a net margin of 7.84% and a return on equity of 12.97%.

Bel Fuse Stock Performance

NASDAQ BELFB traded down $8.54 on Wednesday, hitting $242.43. 417,687 shares of the company traded hands, compared to its average volume of 238,396. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 55.22, a P/E/G ratio of 2.80 and a beta of 1.68. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $280.66 and its 200-day moving average price is $245.49. Bel Fuse has a 52-week low of $123.14 and a 52-week high of $335.29.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. began coverage on Bel Fuse in a report on Wednesday, June 10th. They issued an “overweight” rating and a $370.00 price objective for the company. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Needham & Company LLC upped their price target on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Zacks Research cut shares of Bel Fuse from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Finally, Northland Securities set a $321.00 price objective on shares of Bel Fuse in a report on Monday, May 4th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bel Fuse currently has an average rating of “Moderate Buy” and an average target price of $321.50.

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of Bel Fuse by 74.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after buying an additional 355,563 shares during the period. Janus Henderson Group PLC grew its stake in shares of Bel Fuse by 19.2% during the 4th quarter. Janus Henderson Group PLC now owns 619,337 shares of the electronics maker’s stock valued at $105,016,000 after acquiring an additional 99,834 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in shares of Bel Fuse by 45.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after acquiring an additional 161,736 shares during the period. Wasatch Advisors LP grew its stake in shares of Bel Fuse by 74.3% during the 4th quarter. Wasatch Advisors LP now owns 410,487 shares of the electronics maker’s stock valued at $69,631,000 after acquiring an additional 174,969 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Bel Fuse by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock worth $45,460,000 after acquiring an additional 2,803 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.