Bel Fuse, Inc. Class B (NASDAQ:BELFB) gets upgraded to Buy by Needham & Company LLC with a price target of $30.00

ME Staff
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Analyst Ratings For Bel Fuse, Inc. Class B (NASDAQ:BELFB)

Today, Bel Fuse, Inc. Class B (NASDAQ:BELFB) stock received an upgrade by Needham & Company LLC from Hold to Buy with a price target of $30.00.

There are 1 Buy Ratings, no Strong Buy Ratings, no Sell Ratings, no Hold Ratings on the stock.

The current consensus rating on Bel Fuse, Inc. Class B (NASDAQ:BELFB) is Buy with a consensus target price of $30.00 per share, a potential 18.34% upside.

Some recent analyst ratings include

  • 9/25/2018-Bel Fuse, Inc. Class B (NASDAQ:BELFB) gets upgraded to Buy by Needham & Company LLC with a price target of $30.00
  • 1/23/2017-Bel Fuse, Inc. Class B (NASDAQ:BELFB) has coverage initiated with a Buy rating and $39.00 price target

Recent Insider Trading Activity For Bel Fuse, Inc. Class B (NASDAQ:BELFB)
Bel Fuse, Inc. Class B (NASDAQ:BELFB) has insider ownership of 5.37% and institutional ownership of 61.68%.

  • On 11/9/2017 Daniel Bernstein, Insider, sold 3,000 with an average share price of $24.61 per share and the total transaction amounting to $73,830.00.
  • On 11/9/2017 Dennis Ackerman, VP, sold 2,500 with an average share price of $24.63 per share and the total transaction amounting to $61,575.00.
  • On 12/14/2016 Peter G Bittner III, VP, sold 5,000 with an average share price of $29.94 per share and the total transaction amounting to $149,700.00.
  • On 11/7/2016 Daniel Bernstein, Insider, sold 3,000 with an average share price of $25.56 per share and the total transaction amounting to $76,680.00.
  • On 11/7/2016 Dennis Ackerman, VP, sold 2,500 with an average share price of $25.53 per share and the total transaction amounting to $63,825.00.
  • On 5/17/2016 Avi D Eden, Director, bought 7,000 with an average share price of $17.42 per share and the total transaction amounting to $121,940.00.
  • On 12/15/2015 Howard Bernstein, Director, sold 1,000 with an average share price of $16.84 per share and the total transaction amounting to $16,840.00.

About Bel Fuse, Inc. Class B (NASDAQ:BELFB)
Bel Fuse Inc. designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components. The company also provides power solutions and protection products comprising front-end power supplies; board-mount power products; industrial power products; module products; and circuit protection products. In addition, it offers expanded beam fiber optic connectors, cable assemblies, and active optical devices; copper-based connectors/cable assemblies; radio frequency connectors, cable assemblies, microwave devices, and low loss cables; and RJ connectors and cable assemblies. The company sells its products under the Bel, TRP Connector, MagJack, Signal, Bel Power Solutions, Power-One, Melcher, Stratos, Fibreco, Cinch, Johnson, Trompeter, Midwest Microwave, Semflex, and Stewart Connector brands through direct strategic account managers, regional sales managers working with independent sales representative organizations, and authorized distributors. Bel Fuse Inc. was founded in 1949 and is headquartered in Jersey City, New Jersey.

Recent Trading Activity for Bel Fuse, Inc. Class B (NASDAQ:BELFB)
Shares of Bel Fuse, Inc. Class B closed the previous trading session at 25,35 +0,50 2,01 % with 25.8 shares trading hands.