Separately, Needham & Company LLC downgraded shares of Benchmark Electronics from a buy rating to a hold rating in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has an average rating of Hold and a consensus target price of $36.67.
Benchmark Electronics (NYSE:BHE) opened at $29.25 on Tuesday. Benchmark Electronics has a 52 week low of $29.00 and a 52 week high of $35.80. The company has a current ratio of 3.60, a quick ratio of 2.66 and a debt-to-equity ratio of 0.14. The company has a market cap of $1,450.00, a price-to-earnings ratio of 23.21 and a beta of 0.49.
Several institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its holdings in shares of Benchmark Electronics by 8.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock worth $142,000 after acquiring an additional 346 shares during the period. Riverhead Capital Management LLC increased its holdings in shares of Benchmark Electronics by 71.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,663 shares of the technology company’s stock worth $183,000 after acquiring an additional 2,363 shares during the period. Flinton Capital Management LLC increased its holdings in shares of Benchmark Electronics by 70.7% in the 2nd quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock worth $186,000 after acquiring an additional 2,380 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Benchmark Electronics in the 3rd quarter worth about $230,000. Finally, Amalgamated Bank increased its holdings in shares of Benchmark Electronics by 1.7% in the 2nd quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock worth $220,000 after acquiring an additional 115 shares during the period. Institutional investors own 94.83% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Benchmark Electronics (BHE) Upgraded to “B-” at TheStreet” was first posted by Week Herald and is owned by of Week Herald. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://weekherald.com/2017/12/28/benchmark-electronics-bhe-upgraded-to-b-at-thestreet.html.
About Benchmark Electronics
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.
Receive News & Ratings for Benchmark Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benchmark Electronics and related companies with MarketBeat.com's FREE daily email newsletter.