Bel Fuse Class B (BELFB)

Market Cap: $838M

About: Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions & protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.

Employees: 5,260

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

73% more call options, than puts

Call options by funds: $2.09M | Put options by funds: $1.21M

44% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 16

17% more capital invested

Capital invested by funds: $461M [Q1] → $540M (+$78.7M) [Q2]

6.8% more ownership

Funds ownership: 72.03% [Q1] → 78.83% (+6.8%) [Q2]

5% more funds holding

Funds holding: 147 [Q1] → 154 (+7) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

14% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 58

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $79 18% upside
• Avg. target: $80 19% upside
• High target: $80 20% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Northland Capital Markets Bobby Brooks 50% 1-year accuracy 4 / 8 met price target	20% upside $80	Outperform Upgraded	5 Sept 2024
Northland Capital Markets Bobby Brooks 50% 1-year accuracy 4 / 8 met price target	20% upside $80	Market Perform Maintained	30 Jul 2024
Needham James Ricchiuti 55% 1-year accuracy 55 / 100 met price target	18% upside $79	Buy Maintained	26 Jul 2024