Benchmark Electronics, Inc. (BHE) Downgraded by TheStreet to “C+”

Benchmark Electronics, Inc. (NYSE:BHE) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Monday.

Several other equities research analysts have also weighed in on the company. Needham & Company LLC lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. Royal Bank Of Canada boosted their target price on Benchmark Electronics from $33.00 to $37.00 and gave the stock a “sector perform” rating in a report on Thursday, July 20th. Citigroup Inc. reissued a “neutral” rating and issued a $36.00 target price (up from $32.00) on shares of Benchmark Electronics in a report on Friday, July 21st. Finally, BidaskClub downgraded Benchmark Electronics from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Benchmark Electronics has an average rating of “Hold” and a consensus price target of $36.67.

Benchmark Electronics (NYSE BHE) opened at $29.95 on Monday. Benchmark Electronics has a 12 month low of $26.90 and a 12 month high of $35.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.66 and a current ratio of 3.60. The stock has a market capitalization of $1,489.20, a PE ratio of 19.20 and a beta of 0.50.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Wednesday, October 18th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. Benchmark Electronics had a return on equity of 5.62% and a net margin of 2.63%. The company had revenue of $604.00 million for the quarter, compared to analyst estimates of $584.50 million. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue was up 5.2% compared to the same quarter last year.

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In other Benchmark Electronics news, VP Scott R. Peterson sold 1,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $32.06, for a total transaction of $32,060.00. Following the transaction, the vice president now owns 18,893 shares of the company’s stock, valued at approximately $605,709.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Douglas G. Duncan sold 5,922 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $31.91, for a total value of $188,971.02. Following the transaction, the director now directly owns 30,524 shares in the company, valued at approximately $974,020.84. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Shell Asset Management Co. lifted its holdings in Benchmark Electronics by 34.3% during the 3rd quarter. Shell Asset Management Co. now owns 92,541 shares of the technology company’s stock worth $2,055,000 after buying an additional 23,655 shares in the last quarter. BlackRock Inc. lifted its holdings in Benchmark Electronics by 43,795.9% during the 1st quarter. BlackRock Inc. now owns 6,102,845 shares of the technology company’s stock worth $194,070,000 after buying an additional 6,088,942 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its holdings in Benchmark Electronics by 3.3% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 223,062 shares of the technology company’s stock worth $7,204,000 after buying an additional 7,069 shares in the last quarter. Morgan Stanley lifted its holdings in Benchmark Electronics by 111.8% during the 1st quarter. Morgan Stanley now owns 375,217 shares of the technology company’s stock worth $11,932,000 after buying an additional 198,078 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Benchmark Electronics by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,650,069 shares of the technology company’s stock worth $150,198,000 after buying an additional 121,337 shares in the last quarter. 95.33% of the stock is currently owned by hedge funds and other institutional investors.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.

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