Broadcom named strategic vendor for Walmart virtualization solutions
WEST ORANGE, N.J.—Daniel Bernstein, President and CEO of Bel Fuse (NASDAQ:BELFA) Inc. (NASDAQ:BELFB), sold 6,652 shares of Class B Common Stock on April 30, 2025. The transaction comes as InvestingPro data shows the stock trading near $68, down about 20% year-to-date, though analysts maintain a bullish stance with price targets ranging from $91 to $105. The shares were sold at a weighted average price of $65.82, totaling approximately $437,834. After the transaction, Bernstein holds 32,007 shares directly. Additionally, he retains indirect ownership of 4,265 shares through his wife and 6,169 shares via a 401(k) plan, with the latter figure being an estimate. Bernstein also owns 376,095 shares of Class A Common Stock directly. According to InvestingPro, Bel Fuse has maintained dividend payments for 23 consecutive years and currently shows strong financial health with a current ratio of 3.31. Get deeper insights into insider trading patterns and 8 additional key ProTips with an InvestingPro subscription.
In other recent news, Bel Fuse B Inc. reported its first-quarter 2025 earnings, surpassing expectations with an earnings per share (EPS) of $1.35 against a forecast of $1.06. The company’s revenue reached $152.2 million, exceeding the anticipated $148.6 million. This performance was driven by significant growth in the Power and Magnetic Solutions segments, although Connectivity Solutions sales decreased by 6.5%. The company also highlighted an increase in its order backlog to $395.7 million, up 4% from the end of 2024. Despite these positive results, Bel Fuse B faces challenges from geopolitical tensions and tariffs, which could impact its sales and margins. The company is projecting revenue between $145 million and $155 million for the second quarter of 2025. Bel Fuse B is also focusing on reducing its debt by $10 to $15 million and shifting production to its India facility. CEO Dan Bernstein expressed confidence in navigating global tariffs due to the company’s diversification strategy.
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