TheStreet Lowers Benchmark Electronics (NYSE:BHE) to C

TheStreet lowered shares of Benchmark Electronics (NYSE:BHE) from a b- rating to a c rating in a research report released on Thursday, February 8th.

Separately, Needham & Company LLC lowered shares of Benchmark Electronics from a buy rating to a hold rating in a research report on Thursday, October 19th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $36.67.

Benchmark Electronics (NYSE BHE) opened at $29.70 on Thursday. The company has a market cap of $1,476.78, a PE ratio of -45.00 and a beta of 0.44. The company has a current ratio of 3.38, a quick ratio of 2.55 and a debt-to-equity ratio of 0.15. Benchmark Electronics has a 52-week low of $27.05 and a 52-week high of $35.80.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.12. Benchmark Electronics had a negative net margin of 1.30% and a positive return on equity of 5.83%. The firm had revenue of $679.86 million during the quarter.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Benchmark Electronics by 1.0% during the fourth quarter. BlackRock Inc. now owns 6,617,833 shares of the technology company’s stock worth $192,579,000 after buying an additional 64,458 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Benchmark Electronics by 2.7% during the second quarter. Vanguard Group Inc. now owns 4,650,069 shares of the technology company’s stock valued at $150,198,000 after purchasing an additional 121,337 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Benchmark Electronics by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 2,743,437 shares of the technology company’s stock valued at $94,786,000 after purchasing an additional 87,283 shares during the last quarter. State Street Corp grew its stake in shares of Benchmark Electronics by 3.8% during the second quarter. State Street Corp now owns 1,396,274 shares of the technology company’s stock valued at $45,103,000 after purchasing an additional 50,606 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Benchmark Electronics by 12.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 906,586 shares of the technology company’s stock valued at $30,958,000 after purchasing an additional 101,666 shares during the last quarter. 90.48% of the stock is owned by institutional investors.

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Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It 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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