Benchmark Electronics (NYSE:BHE) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Benchmark Electronics (NYSE:BHE) from a hold rating to a buy rating in a research report released on Friday morning.

Other equities research analysts have also recently issued reports about the stock. Sidoti cut shares of Benchmark Electronics from a buy rating to a neutral rating and set a $33.00 price target on the stock. in a research note on Monday, April 29th. Needham & Company LLC raised their target price on shares of Benchmark Electronics from $30.00 to $31.00 and gave the stock a buy rating in a research report on Thursday, February 1st.

Benchmark Electronics Stock Performance

NYSE BHE opened at $38.07 on Friday. The company has a quick ratio of 1.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 20.80 and a beta of 1.00. Benchmark Electronics has a fifty-two week low of $20.58 and a fifty-two week high of $38.12. The business has a fifty day moving average of $30.44 and a 200-day moving average of $28.01.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Wednesday, March 27th. Benchmark Electronics’s dividend payout ratio is currently 36.07%.

Institutional Trading of Benchmark Electronics

Institutional investors and hedge funds have recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in Benchmark Electronics during the first quarter worth about $27,000. Parallel Advisors LLC boosted its position in Benchmark Electronics by 97.9% during the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after purchasing an additional 566 shares during the period. Signaturefd LLC increased its holdings in Benchmark Electronics by 121.0% in the 4th quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock valued at $49,000 after purchasing an additional 967 shares in the last quarter. Quadrant Capital Group LLC raised its position in 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 purchasing an additional 4,357 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Benchmark Electronics during the third quarter worth about $222,000. 92.29% of the stock is currently owned by institutional investors and hedge funds.

About Benchmark Electronics

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.