Benchmark Electronics Inc. (NYSE:BHE) hit a new 52-week high on Monday . The company traded as high as $23.83 and last traded at $23.73, with a volume of 142,387 shares trading hands. The stock had previously closed at $23.44.

Several research firms recently commented on BHE. Zacks Investment Research raised shares of Benchmark Electronics from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. B. Riley lowered shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $28.00 to $19.00 in a research note on Friday, April 22nd. Needham & Company LLC dropped their price objective on shares of Benchmark Electronics from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, April 22nd. Finally, TheStreet lowered shares of Benchmark Electronics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 28th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $24.00.

The stock has a 50-day moving average of $21.92 and a 200 day moving average of $21.28. The stock has a market capitalization of $1.17 billion and a price-to-earnings ratio of 14.36.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Thursday, July 21st. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $579 million for the quarter, compared to analyst estimates of $582.89 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. Equities analysts predict that Benchmark Electronics Inc. will post $1.34 EPS for the current fiscal year.

In related news, insider Jon J. King sold 12,774 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $23.57, for a total value of $301,083.18. Following the transaction, the insider now owns 40,624 shares of the company’s stock, valued at approximately $957,507.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Donald Francis Adam sold 40,000 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $23.46, for a total transaction of $938,400.00. Following the completion of the transaction, the chief financial officer now directly owns 126,513 shares in the company, valued at approximately $2,967,994.98. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently bought and sold shares of BHE. Victory Capital Management Inc. increased its position in Benchmark Electronics by 42.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,397,401 shares of the company’s stock valued at $28,884,000 after buying an additional 414,516 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Benchmark Electronics by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 345,431 shares of the company’s stock valued at $7,140,000 after buying an additional 12,555 shares during the last quarter. Matarin Capital Management LLC acquired a new position in shares of Benchmark Electronics during the fourth quarter valued at about $6,431,000. 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 valued at $3,058,000 after buying an additional 120,669 shares during the last quarter. Finally, 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 valued at $1,810,000 after buying an additional 3,520 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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