Benchmark Electronics (BHE) Downgraded by TheStreet to “C”
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.
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.
TRADEMARK VIOLATION NOTICE: “Benchmark Electronics (BHE) Downgraded by TheStreet to “C”” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.watchlistnews.com/benchmark-electronics-bhe-downgraded-by-thestreet-to-c/1857428.html.
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.
Receive News & Ratings for Benchmark Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benchmark Electronics and related companies with MarketBeat.com's FREE daily email newsletter.