StockNews.com downgraded shares of Bel Fuse (NASDAQ:BELFB – Free Report) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.
A number of other research firms also recently weighed in on BELFB. Needham & Company LLC dropped their price target on shares of Bel Fuse from $70.00 to $68.00 and set a buy rating on the stock in a research note on Monday, April 29th. Northland Securities downgraded shares of Bel Fuse from an outperform rating to a market perform rating and set a $63.00 price target on the stock. in a research note on Thursday, May 2nd.
View Our Latest Analysis on Bel Fuse
Bel Fuse Price Performance
Bel Fuse (NASDAQ:BELFB – Get Free Report) last posted its quarterly 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 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 the consensus estimate of $130.27 million. During the same period in the prior year, the business posted $1.95 earnings per share. Equities analysts expect that Bel Fuse will post 4.39 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Bel Fuse
Hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in Bel Fuse during the fourth quarter worth $1,061,000. International Assets Investment Management LLC acquired a new position in Bel Fuse during the fourth quarter worth $6,041,000. Hussman Strategic Advisors Inc. acquired a new position in Bel Fuse during the first quarter worth $760,000. Charles Schwab Investment Management Inc. increased its position in Bel Fuse by 26.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock worth $6,658,000 after buying an additional 21,047 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Bel Fuse by 1,036.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,288 shares of the electronics maker’s stock worth $922,000 after buying an additional 13,943 shares during the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.
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.
Featured Stories
- Five stocks we like better than Bel Fuse
- Investing In Automotive Stocks
- Why Call Options Volume for These 2 Stocks Spiked Together
- 10 Best Airline Stocks to Buy
- MarketBeat Week in Review – 7/22 – 7/26
- How to Invest in the FAANG Stocks
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
Receive News & Ratings for Bel Fuse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse and related companies with MarketBeat.com's FREE daily email newsletter.