TheStreet downgraded shares of Benchmark Electronics, Inc. (NYSE:BHE) from a b rating to a c+ rating in a research note published on Monday.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Benchmark Electronics from a hold rating to a sell rating in a report on Tuesday, August 8th. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $34.00 to $37.00 and gave the company a buy rating in a report on Tuesday, July 18th. Citigroup Inc. reaffirmed a neutral rating and issued a $36.00 price target (up previously from $32.00) on shares of Benchmark Electronics in a report on Friday, July 21st. Finally, Royal Bank Of Canada upped their price target on shares of Benchmark Electronics from $33.00 to $37.00 and gave the company a sector perform rating in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Benchmark Electronics currently has an average rating of Hold and an average price target of $36.67.

Shares of Benchmark Electronics (NYSE:BHE) opened at $30.05 on Monday. The company has a market cap of $1,500.00, a PE ratio of 19.20 and a beta of 0.50. Benchmark Electronics has a fifty-two week low of $27.20 and a fifty-two week 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.

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

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In related news, VP Scott R. Peterson sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $32.06, for a total transaction of $32,060.00. Following the transaction, the vice president now owns 18,893 shares of the company’s stock, valued at $605,709.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in BHE. BlackRock Inc. lifted its stake in shares of Benchmark Electronics by 43,795.9% during the first quarter. BlackRock Inc. now owns 6,102,845 shares of the technology company’s stock valued at $194,070,000 after buying an additional 6,088,942 shares during the period. Vanguard Group Inc. lifted its stake in shares of Benchmark Electronics by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,528,732 shares of the technology company’s stock valued at $144,013,000 after buying an additional 233,703 shares during the period. Hancock Holding Co. purchased a new position in shares of Benchmark Electronics during the second quarter valued at approximately $7,210,000. JPMorgan Chase & Co. lifted its stake in shares of Benchmark Electronics by 8.2% during the second quarter. JPMorgan Chase & Co. now owns 2,656,154 shares of the technology company’s stock valued at $85,795,000 after buying an additional 201,945 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Benchmark Electronics by 111.8% during the first quarter. Morgan Stanley now owns 375,217 shares of the technology company’s stock valued at $11,932,000 after buying an additional 198,078 shares during the period. 95.33% of the stock is currently owned by institutional investors and hedge funds.

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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