Benchmark Electronics (NYSE:BHE) Raised to “B-” at TheStreet

Benchmark Electronics (NYSE:BHE) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Tuesday, December 26th.

Separately, Needham & Company LLC downgraded shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Benchmark Electronics presently has a consensus rating of “Hold” and an average price target of $36.67.

Shares of Benchmark Electronics (NYSE:BHE) opened at $30.65 on Tuesday. The company has a quick ratio of 2.66, a current ratio of 3.60 and a debt-to-equity ratio of 0.14. The company has a market cap of $1,530.00, a price-to-earnings ratio of 24.33 and a beta of 0.50. Benchmark Electronics has a one year low of $28.75 and a one year high of $35.80.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Benchmark Electronics by 2.8% during the second quarter. BlackRock Inc. now owns 6,276,449 shares of the technology company’s stock valued at $202,730,000 after purchasing an additional 173,604 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Benchmark Electronics by 2.7% during the second quarter. Vanguard Group Inc. now owns 4,650,069 shares of the technology company’s stock valued at $150,198,000 after purchasing an additional 121,337 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Benchmark Electronics by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 2,743,437 shares of the technology company’s stock valued at $94,786,000 after purchasing an additional 87,283 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Benchmark Electronics by 1.5% during the second quarter. Northern Trust Corp now owns 1,712,212 shares of the technology company’s stock valued at $55,304,000 after purchasing an additional 24,840 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Benchmark Electronics by 3.8% during the second quarter. State Street Corp now owns 1,396,274 shares of the technology company’s stock valued at $45,103,000 after purchasing an additional 50,606 shares in the last quarter. Hedge funds and other 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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