Sidoti Lowers Benchmark Electronics (NYSE:BHE) to Neutral

Benchmark Electronics (NYSE:BHE) was downgraded by research analysts at Sidoti from a “buy” rating to a “neutral” rating in a research note issued to investors on Tuesday, AR Network reports.

Separately, BidaskClub upgraded shares of Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 7th.

Shares of Benchmark Electronics stock opened at $27.60 on Tuesday. The company has a market cap of $1.01 billion, a P/E ratio of -1,379.31 and a beta of 1.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.64. Benchmark Electronics has a one year low of $14.06 and a one year high of $37.36. The firm has a fifty day moving average of $26.67 and a two-hundred day moving average of $22.39.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings results on Wednesday, October 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.04. The business had revenue of $525.95 million during the quarter. Benchmark Electronics had a negative net margin of 0.03% and a positive return on equity of 3.28%.

A number of large investors have recently bought and sold shares of the business. Sei Investments Co. increased its holdings in Benchmark Electronics by 0.4% during the 3rd quarter. Sei Investments Co. now owns 138,286 shares of the technology company’s stock valued at $2,786,000 after acquiring an additional 556 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Benchmark Electronics during the 3rd quarter valued at about $59,000. Charles Schwab Investment Management Inc. increased its holdings in Benchmark Electronics by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 609,286 shares of the technology company’s stock valued at $12,278,000 after acquiring an additional 3,766 shares in the last quarter. First Hawaiian Bank increased its holdings in Benchmark Electronics by 61.1% during the 3rd quarter. First Hawaiian Bank now owns 15,690 shares of the technology company’s stock valued at $316,000 after acquiring an additional 5,950 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Benchmark Electronics by 184.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,175 shares of the technology company’s stock valued at $185,000 after acquiring an additional 5,954 shares in the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Benchmark Electronics Company Profile

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

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