JPMorgan Chase & Co. Issues Positive Forecast for Bel Fuse (NASDAQ:BELFB) Stock Price

by · The Cerbat Gem

Bel Fuse (NASDAQ:BELFB – Free Report) had its target price boosted by JPMorgan Chase & Co. from $370.00 to $380.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the electronics maker’s stock.

Other research analysts have also issued research reports about the company. Needham & Company LLC increased their price objective on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Northland Securities set a $326.00 target price on Bel Fuse in a report on Friday. Citigroup initiated coverage on Bel Fuse in a research report on Monday, July 13th. They set a “buy” rating for the company. Oppenheimer reiterated an “outperform” rating and set a $315.00 price target on shares of Bel Fuse in a report on Friday, May 1st. Finally, B. Riley Financial began coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They issued a “buy” rating on the stock. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $324.00.

View Our Latest Stock Analysis on Bel Fuse

Bel Fuse Price Performance

NASDAQ BELFB opened at $271.97 on Friday. Bel Fuse has a fifty-two week low of $123.14 and a fifty-two week high of $335.29. The stock’s 50-day moving average is $280.31 and its two-hundred day moving average is $246.57. The firm has a market cap of $3.46 billion, a P/E ratio of 65.69, a price-to-earnings-growth ratio of 2.63 and a beta of 1.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.48 and a quick ratio of 1.73.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC lifted its position in shares of Bel Fuse by 365.6% during the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. State of Wyoming acquired a new stake in Bel Fuse in the 1st quarter valued at approximately $30,000. Kemnay Advisory Services Inc. acquired a new stake in Bel Fuse in the 4th quarter valued at approximately $33,000. KBC Group NV bought a new position in Bel Fuse in the 1st quarter worth approximately $38,000. Finally, Signature Equity Partners LLC bought a new position in Bel Fuse in the 1st quarter worth approximately $39,000. 58.39% of the stock is currently owned by institutional investors.

About Bel Fuse

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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.

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