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

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

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

Bel Fuse Stock Performance

Shares of BELFB opened at $80.47 on Tuesday. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 13.55 and a beta of 1.34. Bel Fuse has a 52-week low of $39.13 and a 52-week high of $82.00. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $68.93 and a 200 day moving average price of $65.32.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating 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 firm had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $130.27 million. During the same period in the previous year, the company earned $1.95 earnings per share. Research analysts predict that Bel Fuse will post 4.52 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

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

Institutional Investors Weigh In On Bel Fuse

Large investors have recently added to or reduced their stakes in the business. Beach Investment Counsel Inc. PA acquired a new stake in Bel Fuse during the 2nd quarter valued at $25,000. Isthmus Partners LLC purchased a new stake in Bel Fuse during the 2nd quarter worth about $39,000. Comerica Bank raised its stake in Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in Bel Fuse by 373.5% in the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 747 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Bel Fuse in the 4th quarter valued at about $143,000. 58.39% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

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.