Benchmark Electronics (NYSE:BHE) Raised to "Buy" at StockNews.com

Benchmark Electronics (NYSE:BHE - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Sunday.

BHE has been the subject of a number of other reports. Lake Street Capital increased their target price on Benchmark Electronics from $35.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.33.

Benchmark Electronics Price Performance

Shares of BHE stock traded up $0.41 during mid-day trading on Friday, hitting $51.83. The company had a trading volume of 349,939 shares, compared to its average volume of 262,897. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45. The stock's 50 day moving average price is $43.83 and its 200-day moving average price is $41.67. Benchmark Electronics has a 52-week low of $23.75 and a 52-week high of $52.49. The company has a market capitalization of $1.87 billion, a P/E ratio of 30.13 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.54 by $0.03. Benchmark Electronics had a net margin of 2.32% and a return on equity of 6.81%. The business had revenue of $658.00 million during the quarter, compared to the consensus estimate of $650.00 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business's revenue was down 8.6% on a year-over-year basis.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, CEO Jeff Benck sold 24,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total transaction of $1,101,600.00. Following the completion of the transaction, the chief executive officer now owns 424,173 shares in the company, valued at $19,469,540.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Jeff Benck sold 24,000 shares of Benchmark Electronics stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total transaction of $1,101,600.00. Following the completion of the sale, the chief executive officer now directly owns 424,173 shares in the company, valued at approximately $19,469,540.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Stephen Mccreary sold 7,073 shares of Benchmark Electronics stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $42.70, for a total transaction of $302,017.10. Following the sale, the director now owns 42,027 shares of the company's stock, valued at $1,794,552.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Miller Howard Investments Inc. NY increased its position in Benchmark Electronics by 1.8% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 15,244 shares of the technology company's stock valued at $602,000 after purchasing an additional 263 shares during the period. UMB Bank n.a. lifted its holdings in Benchmark Electronics by 65.7% during the second quarter. UMB Bank n.a. now owns 686 shares of the technology company's stock worth $27,000 after buying an additional 272 shares during the period. Versor Investments LP boosted its position in Benchmark Electronics by 2.2% during the 3rd quarter. Versor Investments LP now owns 14,115 shares of the technology company's stock valued at $626,000 after acquiring an additional 300 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Benchmark Electronics by 4.0% in the 3rd quarter. Inspire Investing LLC now owns 9,346 shares of the technology company's stock valued at $414,000 after acquiring an additional 362 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of Benchmark Electronics by 2.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 18,100 shares of the technology company's stock worth $714,000 after acquiring an additional 400 shares in the last quarter. Institutional investors 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.