Needham & Company LLC Forecasts Strong Price Appreciation for Bel Fuse (NASDAQ:BELFB) Stock

Bel Fuse (NASDAQ:BELFB) had its price objective increased by analysts at Needham & Company LLC from $79.00 to $95.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. Needham & Company LLC’s price target points to a potential upside of 27.41% from the company’s current price.

BELFB has been the topic of several other reports. Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Finally, Northland Securities lifted their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st.

Bel Fuse Trading Down 2.1 %

Shares of BELFB stock opened at $74.56 on Monday. Bel Fuse has a fifty-two week low of $45.74 and a fifty-two week high of $85.91. The stock’s fifty day moving average price is $77.64 and its two-hundred day moving average price is $69.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The company has a market cap of $935.73 million, a PE ratio of 17.10 and a beta of 1.35.

Institutional Trading of Bel Fuse

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Beach Investment Counsel Inc. PA acquired a new stake in Bel Fuse in the second quarter valued at $25,000. Isthmus Partners LLC acquired a new stake in shares of Bel Fuse in the second quarter valued at about $39,000. nVerses Capital LLC acquired a new stake in shares of Bel Fuse in the third quarter valued at about $39,000. Comerica Bank raised its position in shares of Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 510 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 200 shares during the period. 58.39% of the stock is currently owned by institutional investors.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.