Benchmark Electronics (NYSE:BHE) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Benchmark Electronics (NYSE:BHE – Get Rating) in a research note released on Thursday morning. The brokerage issued a hold rating on the technology company’s stock.

Separately, Needham & Company LLC cut their price objective on shares of Benchmark Electronics from $35.00 to $34.00 and set a buy rating on the stock in a research report on Thursday, February 2nd.

Benchmark Electronics Stock Performance

Shares of BHE opened at $22.08 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 2.21. Benchmark Electronics has a twelve month low of $21.11 and a twelve month high of $30.00. The firm’s 50 day moving average price is $25.71 and its two-hundred day moving average price is $26.67. The firm has a market cap of $777.00 million, a P/E ratio of 11.44 and a beta of 1.05.

Benchmark Electronics (NYSE:BHE – Get Rating) last announced its quarterly earnings results on Wednesday, February 1st. The technology company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Benchmark Electronics had a net margin of 2.36% and a return on equity of 7.49%. The firm had revenue of $750.64 million for the quarter, compared to analyst estimates of $780.00 million. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The business’s revenue was up 18.6% on a year-over-year basis.

Benchmark Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 31st will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, March 30th. Benchmark Electronics’s dividend payout ratio is presently 34.20%.

Institutional Trading of Benchmark Electronics

A number of institutional investors have recently made changes to their positions in the business. Versor Investments LP increased its holdings in Benchmark Electronics by 4.0% during the third quarter. Versor Investments LP now owns 28,700 shares of the technology company’s stock worth $711,000 after buying an additional 1,100 shares during the last quarter. Brandywine Global Investment Management LLC increased its holdings in Benchmark Electronics by 50.0% during the second quarter. Brandywine Global Investment Management LLC now owns 90,740 shares of the technology company’s stock worth $2,047,000 after buying an additional 30,230 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Benchmark Electronics by 87.5% during the third quarter. New York State Common Retirement Fund now owns 48,256 shares of the technology company’s stock worth $1,196,000 after buying an additional 22,526 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new position in Benchmark Electronics during the second quarter worth $291,000. Finally, MQS Management LLC acquired a new position in Benchmark Electronics during the third quarter worth $450,000. Institutional investors own 93.41% of the company’s stock.

About Benchmark Electronics

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Benchmark Electronics, Inc engages in the provision of integrated electronic manufacturing services, engineering and design services, and precision machining services. It operates through the following segments: Americas, Asia, and Europe. The firm offers services to original equipment manufacturers of industrial control telecommunication equipment, computers, and related products for business enterprises, medical devices, and testing and instrumentation products.