Benchmark Electronics (BHE) Upgraded by TheStreet to B-
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.
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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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