Benchmark Electronics (BHE) Upgraded to “B-” at TheStreet

TheStreet upgraded shares of Benchmark Electronics (NYSE:BHE) from a c+ rating to a b- rating in a research report released on Tuesday.

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.

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

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.

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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.

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