Benchmark Electronics (NYSE:BHE) Upgraded to “Buy” by StockNews.com

Benchmark Electronics (NYSE:BHE) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

BHE has been the topic of a number of other reports. Needham & Company LLC upped their target price on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Sidoti downgraded shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Monday, April 29th.

Benchmark Electronics Stock Up 1.9 %

Shares of BHE opened at $36.43 on Friday. The business’s fifty day moving average price is $30.28 and its two-hundred day moving average price is $27.88. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.91 and a beta of 1.00. Benchmark Electronics has a 52 week low of $20.58 and a 52 week high of $37.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 2.36.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, January 31st. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The business had revenue of $691.35 million for the quarter. Benchmark Electronics had a return on equity of 7.20% and a net margin of 2.34%.

Hedge Funds Weigh In On Benchmark Electronics

Several hedge funds have recently added to or reduced their stakes in BHE. Boston Partners increased its stake in shares of Benchmark Electronics by 42.6% in the 3rd quarter. Boston Partners now owns 149,208 shares of the technology company’s stock valued at $3,620,000 after acquiring an additional 44,579 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Benchmark Electronics by 119.4% in the third quarter. First Eagle Investment Management LLC now owns 249,809 shares of the technology company’s stock valued at $6,060,000 after purchasing an additional 135,932 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Benchmark Electronics by 4.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,810 shares of the technology company’s stock worth $384,000 after purchasing an additional 739 shares during the period. Deutsche Bank AG boosted its position in shares of Benchmark Electronics by 1.3% during the third quarter. Deutsche Bank AG now owns 142,132 shares of the technology company’s stock worth $3,448,000 after purchasing an additional 1,779 shares in the last quarter. Finally, Trust Point Inc. acquired a new position in shares of Benchmark Electronics in the 4th quarter valued at $445,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.