TheStreet upgraded shares of Benchmark Electronics (NYSE:BHE) from a c+ rating to a b- rating in a research note published on Tuesday morning.

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

Benchmark Electronics (NYSE BHE) opened at $29.10 on Tuesday. Benchmark Electronics has a 12 month low of $29.00 and a 12 month high of $35.80. The company has a current ratio of 3.60, a quick ratio of 2.66 and a debt-to-equity ratio of 0.14. The company has a market cap of $1,454.40, a P/E ratio of 23.28 and a beta of 0.49.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, October 18th. The technology company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. The business had revenue of $604.00 million for the quarter, compared to analyst estimates of $584.50 million. Benchmark Electronics had a net margin of 2.63% and a return on equity of 5.62%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share.

A number of large investors have recently modified their holdings of BHE. Hancock Holding Co. bought a new stake in Benchmark Electronics during the second quarter worth approximately $7,210,000. JPMorgan Chase & Co. boosted its holdings in Benchmark Electronics by 8.2% during the second quarter. JPMorgan Chase & Co. now owns 2,656,154 shares of the technology company’s stock worth $85,795,000 after buying an additional 201,945 shares in the last quarter. BlackRock Inc. boosted its holdings in Benchmark Electronics by 2.8% during the second quarter. BlackRock Inc. now owns 6,276,449 shares of the technology company’s stock worth $202,730,000 after buying an additional 173,604 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Benchmark Electronics by 35.7% during the second quarter. Goldman Sachs Group Inc. now owns 513,366 shares of the technology company’s stock worth $16,582,000 after buying an additional 134,986 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Benchmark Electronics by 2.7% during the second quarter. Vanguard Group Inc. now owns 4,650,069 shares of the technology company’s stock worth $150,198,000 after buying an additional 121,337 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Benchmark Electronics (BHE) Upgraded by TheStreet to B-” was first reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/benchmark-electronics-bhe-upgraded-by-thestreet-to-b/1788042.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.