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Needham Reiterates a Buy Rating on Bel Fuse (BELFA)

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Needham analyst James Ricchiuti reiterated a Buy rating on Bel Fuse (BELFAResearch Report) today and set a price target of $25.00. The company’s shares closed last Thursday at $22.61, close to its 52-week high of $23.95.

According to TipRanks.com, Ricchiuti is a top 100 analyst with an average return of 20.6% and a 59.5% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Faro Technologies.

Currently, the analyst consensus on Bel Fuse is a Moderate Buy with an average price target of $25.00.

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The company has a one-year high of $23.95 and a one-year low of $12.38. Currently, Bel Fuse has an average volume of 2,725.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BELFA in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Bel Fuse, Inc. engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following geographical segments: North America, Asia, and Europe. Its products include magnetic, power transformers, modules, circuit protection, fiber optic connectors, and interconnect devices. The company was founded by Elliot Bernstein in 1949 and is headquartered in Jersey City, NJ.

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