Benchmark Electronics (NYSE:BHE) Share Price Passes Above 200-Day Moving Average of $27.23

Shares of Benchmark Electronics, Inc. (NYSE:BHE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.23 and traded as high as $30.01. Benchmark Electronics shares last traded at $29.92, with a volume of 290,412 shares trading hands.

Analysts Set New Price Targets

BHE has been the topic of a number of analyst reports. Needham & Company LLC lifted their target price on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. StockNews.com cut Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

Benchmark Electronics Stock Performance

The company has a market capitalization of $1.08 billion, a P/E ratio of 16.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.33 and a current ratio of 2.29. The business’s fifty day simple moving average is $29.92 and its 200-day simple moving average is $27.29.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $691.35 million for the quarter. Benchmark Electronics had a return on equity of 6.95% and a net margin of 2.27%.

Benchmark Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.66 annualized dividend and a yield of 2.21%. Benchmark Electronics’s dividend payout ratio (DPR) is currently 36.67%.

Institutional Trading of Benchmark Electronics

Several hedge funds have recently made changes to their positions in the business. Corient Private Wealth LLC increased its stake in Benchmark Electronics by 4.8% during the fourth quarter. Corient Private Wealth LLC now owns 9,532 shares of the technology company’s stock worth $263,000 after acquiring an additional 434 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Benchmark Electronics by 1.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,848 shares of the technology company’s stock worth $797,000 after purchasing an additional 500 shares during the period. Lazard Asset Management LLC increased its position in shares of Benchmark Electronics by 25.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock valued at $64,000 after purchasing an additional 526 shares during the last quarter. Truvestments Capital LLC raised its holdings in Benchmark Electronics by 4.0% during the 3rd quarter. Truvestments Capital LLC now owns 14,085 shares of the technology company’s stock valued at $342,000 after buying an additional 548 shares during the period. Finally, Parallel Advisors LLC lifted its position in Benchmark Electronics by 97.9% in the fourth quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after buying an additional 566 shares during the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.