TheStreet lowered shares of Benchmark Electronics (NYSE:BHE) from a b- rating to a c rating in a research note published on Thursday.

Separately, Needham & Company LLC downgraded shares of Benchmark Electronics from a buy rating to a hold rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $36.67.

Shares of Benchmark Electronics (BHE) opened at $29.35 on Thursday. Benchmark Electronics has a 1 year low of $27.05 and a 1 year high of $35.80. The company has a market cap of $1,454.40, a PE ratio of -44.47 and a beta of 0.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.66 and a current ratio of 3.38.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.12. Benchmark Electronics had a negative net margin of 1.30% and a positive return on equity of 5.83%. The company had revenue of $679.86 million for the quarter.

Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its position in Benchmark Electronics by 8.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock valued at $142,000 after purchasing an additional 346 shares during the last quarter. Flinton Capital Management LLC lifted its stake in Benchmark Electronics by 70.7% during the 2nd quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock valued at $186,000 after acquiring an additional 2,380 shares during the period. Amalgamated Bank lifted its stake in Benchmark Electronics by 1.7% during the 2nd quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock valued at $220,000 after acquiring an additional 115 shares during the period. Janney Montgomery Scott LLC bought a new position in Benchmark Electronics during the 3rd quarter valued at about $230,000. Finally, BlueCrest Capital Management Ltd bought a new position in Benchmark Electronics during the 2nd quarter valued at about $237,000. 92.00% of the stock is currently owned by institutional investors.

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About Benchmark Electronics

Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.

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