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Investing.com - Oppenheimer raised its price target on Bel Fuse (NASDAQ:BELFB) to $180.00 from $175.00 on Friday, while maintaining an Outperform rating on the stock. The new target represents nearly 20% upside from the current price of $150.62, though InvestingPro data suggests the stock may be trading above its Fair Value based on fundamental analysis.
The firm cited Bel Fuse’s third-quarter earnings beat, which delivered $0.25 earnings per share upside from operations. The company’s sales reached the top end of guidance while gross margin outperformed expectations again, with below-line items contributing an additional $0.16 favorable impact. InvestingPro data shows Bel Fuse maintains a healthy 37.84% gross profit margin with diluted earnings per share of $4.05 over the last twelve months, with analysts forecasting $5.28 EPS for fiscal year 2025.
Bel Fuse achieved double-digit core revenue growth across all segments during the quarter, with Power Solutions and Protection up 23%, Connectivity Solutions rising 11%, and Magnetic Solutions increasing 18%. Each segment reported positive book-to-bill ratios for the third consecutive quarter.
The company is seeing more decisive improvements in networking and distribution channels, complementing ongoing strong growth in the Aerospace-Defense sector and AI-related business. Oppenheimer noted Bel Fuse continues to emphasize organizational actions to drive new business wins.
The firm also highlighted solid signs from Bel Fuse’s new Asia leadership and organizational changes, which follow a previous Europe team overhaul, as the company transitions to a market/customer-aligned commercial strategy from its previous product-based approach. This strategic shift appears to be yielding results, with InvestingPro data showing the stock has delivered impressive returns of 129.28% over the past six months and 100.32% over the past year. InvestingPro’s Financial Health assessment rates Bel Fuse as "GOOD" with a score of 2.81. Discover comprehensive analysis of 1,400+ US stocks through Pro Research Reports, available exclusively on the InvestingPro platform.
In other recent news, Bel Fuse B Inc. has reported its financial results for the third quarter of 2025, showcasing strong performance. The company exceeded earnings expectations with an earnings per share (EPS) of $2.09, surpassing the forecasted $1.61. This represents a 29.81% surprise in their earnings. Additionally, Bel Fuse B’s revenue reached $179 million, which was above the anticipated $171.86 million. These results highlight the company’s ability to outperform market predictions. Despite the impressive financial figures, the stock experienced a decline in after-hours trading. Investors may be interested in how Bel Fuse B continues to navigate the market following these recent developments.
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