Benchmark Electronics Inc. (NYSE:BHE) shares hit a new 52-week high during trading on Monday . The stock traded as high as $24.00 and last traded at $23.88, with a volume of 76,381 shares. The stock had previously closed at $23.88.

BHE has been the subject of several research analyst reports. B. Riley downgraded Benchmark Electronics from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $28.00 to $19.00 in a research note on Friday, April 22nd. Zacks Investment Research downgraded Benchmark Electronics from a “buy” rating to a “sell” rating in a research note on Tuesday, April 26th. TheStreet raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Finally, Needham & Company LLC boosted their target price on Benchmark Electronics from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.00.

The stock’s 50-day moving average is $22.43 and its 200-day moving average is $21.52. The stock has a market capitalization of $1.19 billion and a P/E ratio of 14.64.

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

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

Other institutional investors have made changes to their positions in the company. Bank of Montreal Can raised 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 in the last quarter. Principal Financial Group Inc. raised 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 in the last quarter. Matarin Capital Management LLC acquired a new position in shares of Benchmark Electronics during the fourth quarter valued at $6,431,000. Rhumbline Advisers raised 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 in the last quarter. Finally, New York State Common Retirement Fund raised 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 valued at $1,690,000 after buying an additional 2,000 shares in the last quarter.

Benchmark Electronics, Inc is a provider of integrated electronic manufacturing services. The Company 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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