Sidoti Lowers Benchmark Electronics (NYSE:BHE) to Neutral

Sidoti lowered shares of Benchmark Electronics (NYSE:BHE) from a buy rating to a neutral rating in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have $33.00 price objective on the technology company’s stock.

Several other analysts have also commented on the stock. StockNews.com lowered shares of Benchmark Electronics from a buy rating to a hold rating in a research report on Friday, February 9th. Needham & Company LLC lifted their target price on Benchmark Electronics from $30.00 to $31.00 and gave the company a buy rating in a research report on Thursday, February 1st.

Benchmark Electronics Stock Performance

Shares of Benchmark Electronics stock opened at $30.32 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.33 and a current ratio of 2.29. The business’s 50 day moving average price is $30.02 and its 200 day moving average price is $27.71. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 16.84 and a beta of 1.02. Benchmark Electronics has a one year low of $20.58 and a one year high of $31.75.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Benchmark Electronics had a net margin of 2.27% and a return on equity of 6.95%. The firm had revenue of $691.35 million during the quarter.

Benchmark Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.18%. Benchmark Electronics’s payout ratio is currently 36.67%.

Institutional Investors Weigh In On Benchmark Electronics

A number of institutional investors have recently modified their holdings of the company. Rise Advisors LLC acquired a new position in shares of Benchmark Electronics in the first quarter valued at approximately $27,000. Parallel Advisors LLC grew its stake in shares of Benchmark Electronics by 97.9% in the fourth quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after acquiring an additional 566 shares in the last quarter. Signaturefd LLC grew its stake in shares of Benchmark Electronics by 121.0% in the fourth quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock worth $49,000 after acquiring an additional 967 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Benchmark Electronics by 212.5% in the fourth quarter. Quadrant Capital Group LLC now owns 6,407 shares of the technology company’s stock valued at $177,000 after acquiring an additional 4,357 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new position in Benchmark Electronics in the fourth quarter valued at $223,000. 92.29% of the stock is owned by institutional investors and hedge funds.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.