Benchmark Electronics (NYSE:BHE) Stock Crosses Above Two Hundred Day Moving Average of $27.23

Shares of Benchmark Electronics, Inc. (NYSE:BHE) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.23 and traded as high as $30.01. Benchmark Electronics shares last traded at $29.92, with a volume of 290,412 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have issued reports on BHE shares. Needham & Company LLC increased their target price on Benchmark Electronics from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. StockNews.com downgraded Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Benchmark Electronics Stock Down 0.7 %

The company has a fifty day moving average price of $29.92 and a 200 day moving average price of $27.29. The company has a market cap of $1.08 billion, a PE ratio of 16.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.33.

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

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, March 27th. Benchmark Electronics’s dividend payout ratio is currently 36.67%.

Hedge Funds Weigh In On Benchmark Electronics

A number of large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC lifted its stake in shares of Benchmark Electronics by 4.8% in the 4th quarter. Corient Private Wealth LLC now owns 9,532 shares of the technology company’s stock valued at $263,000 after acquiring an additional 434 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Benchmark Electronics by 1.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 28,848 shares of the technology company’s stock worth $797,000 after buying an additional 500 shares during the period. Lazard Asset Management LLC raised its holdings in Benchmark Electronics by 25.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock valued at $64,000 after buying an additional 526 shares during the last quarter. Truvestments Capital LLC boosted its position in Benchmark Electronics by 4.0% during the 3rd quarter. Truvestments Capital LLC now owns 14,085 shares of the technology company’s stock valued at $342,000 after buying an additional 548 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Benchmark Electronics by 97.9% in the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after acquiring an additional 566 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

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.