Benchmark Electronics Inc. (NYSE:BHE) was down 2% during trading on Tuesday . The stock traded as low as $22.88 and last traded at $23.23, with a volume of 189,945 shares changing hands. The stock had previously closed at $23.70.

Several brokerages have recently issued reports on BHE. Needham & Company LLC lowered their price objective on shares of Benchmark Electronics from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, April 22nd. Zacks Investment Research raised shares of Benchmark Electronics from a “sell” rating to a “hold” rating in a research report on Monday, April 11th. B. Riley reissued a “neutral” rating and set a $23.00 price objective on shares of Benchmark Electronics in a research report on Monday. Finally, TheStreet downgraded shares of Benchmark Electronics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 28th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.00.

The firm has a market capitalization of $1.16 billion and a price-to-earnings ratio of 14.28. The company has a 50-day moving average of $21.73 and a 200 day moving average of $21.21.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $579 million for the quarter, compared to analyst estimates of $582.89 million. Benchmark Electronics’s revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. On average, equities analysts forecast that Benchmark Electronics Inc. will post $1.33 EPS for the current fiscal year.

A number of hedge funds and institutional investors have modified their holdings of the stock. Teacher Retirement System of Texas boosted its position in shares of Benchmark Electronics by 104.6% in the fourth quarter. Teacher Retirement System of Texas now owns 55,967 shares of the company’s stock worth $1,157,000 after buying an additional 28,612 shares during the last quarter. New York State Common Retirement Fund boosted its position in shares of Benchmark Electronics by 2.5% in the fourth quarter. New York State Common Retirement Fund now owns 81,749 shares of the company’s stock worth $1,690,000 after buying an additional 2,000 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Benchmark Electronics by 4.2% in the fourth quarter. Rhumbline Advisers now owns 87,552 shares of the company’s stock worth $1,810,000 after buying an additional 3,520 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Benchmark Electronics by 442.1% in the fourth quarter. Bank of Montreal Can now owns 147,962 shares of the company’s stock worth $3,058,000 after buying an additional 120,669 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Benchmark Electronics by 47.9% in the fourth quarter. Nationwide Fund Advisors now owns 193,221 shares of the company’s stock worth $3,994,000 after buying an additional 62,599 shares during the last quarter.

Benchmark Electronics, Inc (Benchmark) is a provider of integrated electronic manufacturing services. Benchmark provides its services to original equipment manufacturers (OEMs) of industrial control equipment, including aerospace and defense equipment, telecommunication equipment, medical devices, and testing and instrumentation products.

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