In a report released today, James Ricchiuti from Needham reiterated a Buy rating on Bel Fuse (BELFA – Research Report), with a price target of $20.00. The company’s shares closed last Friday at $15.59.
According to TipRanks.com, Ricchiuti is a 5-star analyst with an average return of 23.1% and a 65.9% success rate. Ricchiuti covers the Technology sector, focusing on stocks such as Benchmark Electronics, Teledyne Technologies, and Universal Display.
Bel Fuse has an analyst consensus of Moderate Buy, with a price target consensus of $20.00.
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The company has a one-year high of $22.00 and a one-year low of $9.36. Currently, Bel Fuse has an average volume of 2,729.
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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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