Benchmark Electronics (NYSE:BHE) Stock Rating Lowered by Wall Street Zen

Benchmark Electronics (NYSE:BHE) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently commented on the company. Zacks Research raised Benchmark Electronics to a “hold” rating in a research report on Monday, October 5th. Weiss Ratings lowered Benchmark Electronics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Finally, Needham & Company LLC started coverage on Benchmark Electronics in a research note on Friday, October 23rd. They issued a “buy” rating and a $85.00 price target for the company. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Benchmark Electronics Trading Up 0.0%

NYSE:BHE opened at $68.38 on Friday. The firm has a market cap of $2.45 billion, a P/E ratio of 44.12, a P/E/G ratio of 1.29 and a beta of 1.40. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.17 and a current ratio of 1.87. The firm has a 50-day simple moving average of $75.55 and a 200-day simple moving average of $72.28. Benchmark Electronics has a one year low of $41.69 and a one year high of $100.41.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Wednesday, October 28th. The technology company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The business had revenue of $810.90 million during the quarter, compared to the consensus estimate of $776.65 million. Benchmark Electronics had a net margin of 1.90% and a return on equity of 7.71%. The company’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Equities analysts anticipate that Benchmark Electronics will post 2.40 EPS for the current fiscal year.

Institutional Trading of Benchmark Electronics

Several institutional investors have recently modified their holdings of BHE. Sterling Capital Management LLC lifted its holdings in shares of Benchmark Electronics by 107.6% in the third quarter. Sterling Capital Management LLC now owns 930 shares of the technology company’s stock valued at $77,000 after purchasing an additional 482 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Benchmark Electronics by 13.6% during the 3rd quarter. Inspire Investing LLC now owns 7,717 shares of the technology company’s stock valued at $640,000 after purchasing an additional 921 shares during the period. Vest Financial LLC boosted its stake in Benchmark Electronics by 50.1% in the 3rd quarter. Vest Financial LLC now owns 3,294 shares of the technology company’s stock worth $273,000 after purchasing an additional 1,099 shares during the period. Nisa Investment Advisors LLC grew its stake in Benchmark Electronics by 6.1% during the third quarter. Nisa Investment Advisors LLC now owns 29,834 shares of the technology company’s stock valued at $2,479,000 after acquiring an additional 1,705 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Benchmark Electronics by 9.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,243 shares of the technology company’s stock worth $352,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a provider of integrated electronics manufacturing and engineering services. The company helps original equipment manufacturers design, develop, test, manufacture and support complex electronic products and systems.

Its services include product design and engineering, prototyping, printed circuit board assembly, systems integration, precision machining, testing, supply chain management, and aftermarket support. Benchmark serves customers in industries such as aerospace and defense, medical technology, industrial equipment, semiconductor capital equipment, and advanced computing.

Headquartered in Tempe, Arizona, Benchmark operates manufacturing and engineering facilities across North America, Europe and Asia.