Bel Fuse Inc. (NASDAQ:BELFB) Stock Has Average Target Price of $324.00

Shares of Bel Fuse Inc. (NASDAQ:BELFB) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $324.00.

BELFB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Zacks Research downgraded shares of Bel Fuse from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th. Weiss Ratings lowered shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Bank of America assumed coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating and a $330.00 price target on the stock. Finally, B. Riley Financial initiated coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating for the company.

Insiders Place Their Bets

In other news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $235.15, for a total transaction of $235,150.00. Following the transaction, the director owned 7,434 shares of the company’s stock, valued at $1,748,105.10. This represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter E. Gilbert sold 500 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the transaction, the director directly owned 750 shares in the company, valued at $219,090. This trade represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,893 shares of company stock worth $476,949 over the last quarter. Corporate insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. Janus Henderson Group PLC grew its holdings in Bel Fuse by 22.7% during the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock worth $150,587,000 after acquiring an additional 140,804 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Bel Fuse by 364,600.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 94,822 shares of the electronics maker’s stock valued at $19,253,000 after acquiring an additional 94,796 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Bel Fuse by 49.4% in the 2nd quarter. Tidal Investments LLC now owns 211,805 shares of the electronics maker’s stock valued at $70,540,000 after purchasing an additional 70,014 shares during the period. Tema ETFs LLC lifted its stake in shares of Bel Fuse by 52.2% in the 2nd quarter. Tema ETFs LLC now owns 202,849 shares of the electronics maker’s stock valued at $67,557,000 after purchasing an additional 69,531 shares during the period. Finally, Wasatch Advisors LP boosted its position in shares of Bel Fuse by 16.6% in the 1st quarter. Wasatch Advisors LP now owns 478,709 shares of the electronics maker’s stock worth $94,775,000 after purchasing an additional 68,222 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

Shares of NASDAQ:BELFB opened at $257.94 on Friday. Bel Fuse has a twelve month low of $129.94 and a twelve month high of $335.29. The firm has a market cap of $3.72 billion, a PE ratio of 62.30, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The business has a fifty day moving average of $258.46 and a 200-day moving average of $260.83.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.28 annualized dividend and a yield of 0.1%. Bel Fuse’s dividend payout ratio is currently 6.76%.

About Bel Fuse

Bel Fuse Inc (NASDAQ: BELFB) designs, manufactures and sells products that protect, connect and manage electrical power in electronic systems. Its offerings include circuit protection devices, power supplies and power-management products, magnetic components, interconnect solutions, cable assemblies, discrete components and integrated modules.

The company’s products are used in a range of markets, including networking and telecommunications, computing, consumer electronics, industrial equipment, automotive applications, medical systems, transportation, and aerospace and defense.