Shares of Benchmark Electronics Inc. (NYSE:BHE) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $24.55 and last traded at $24.43, with a volume of 76,923 shares changing hands. The stock had previously closed at $24.21.

A number of analysts have issued reports on the company. B. Riley lowered Benchmark Electronics from a “buy” rating to a “neutral” rating and cut their target price for the company from $28.00 to $19.00 in a research report on Friday, April 22nd. TheStreet downgraded shares of Benchmark Electronics from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 28th. Zacks Investment Research downgraded shares of Benchmark Electronics from a “buy” rating to a “sell” rating in a research note on Tuesday, April 26th. Finally, Needham & Company LLC boosted their price target on shares of Benchmark Electronics from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. Two 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 currently has an average rating of “Buy” and an average price target of $24.00.

The stock has a market capitalization of $1.19 billion and a PE ratio of 14.80. The company has a 50-day moving average price of $22.61 and a 200 day moving average price of $21.58.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Thursday, July 21st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. During the same quarter in the prior year, the business posted $0.42 EPS. The company had revenue of $579 million for the quarter, compared to analysts’ expectations of $582.89 million. The business’s revenue was down 12.8% compared to the same quarter last year. Analysts expect that Benchmark Electronics Inc. will post $1.34 EPS for the current year.

In other Benchmark Electronics news, insider Jon J. King sold 12,774 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $23.57, for a total transaction of $301,083.18. Following the transaction, the insider now owns 40,624 shares of the company’s stock, valued at $957,507.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Donald Francis Adam sold 40,000 shares of the stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $23.46, for a total transaction of $938,400.00. Following 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 institutional investors recently bought and sold shares of the company. Bank of Montreal Can increased its position in 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 in the last quarter. Matarin Capital Management LLC bought a new position in Benchmark Electronics during the fourth quarter worth $6,431,000. Finally, Rhumbline Advisers increased its position in 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 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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