Benchmark Electronics (NYSE:BHE) Upgraded at StockNews.com

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

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC upped 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. Sidoti cut Benchmark Electronics from a buy rating to a neutral rating and set a $33.00 target price on the stock. in a research report on Monday, April 29th.

Benchmark Electronics Stock Performance

BHE stock opened at $36.43 on Friday. Benchmark Electronics has a 1 year low of $20.58 and a 1 year high of $37.41. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.33 and a current ratio of 2.36. The stock’s fifty day moving average is $30.28 and its two-hundred day moving average is $27.90.

Benchmark Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 annualized dividend and a yield of 1.81%. Benchmark Electronics’s payout ratio is 36.07%.

Institutional Investors Weigh In On Benchmark Electronics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. bought a new position in Benchmark Electronics during the 1st quarter valued at $1,260,000. Janney Montgomery Scott LLC boosted its stake in Benchmark Electronics by 13.8% during the first quarter. Janney Montgomery Scott LLC now owns 9,563 shares of the technology company’s stock valued at $287,000 after buying an additional 1,161 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Benchmark Electronics by 15.3% during the first quarter. BNP Paribas Financial Markets now owns 49,710 shares of the technology company’s stock valued at $1,492,000 after buying an additional 6,592 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Benchmark Electronics during the first quarter worth about $2,028,000. Finally, Uncommon Cents Investing LLC raised its position in Benchmark Electronics by 4.5% in the first quarter. Uncommon Cents Investing LLC now owns 12,360 shares of the technology company’s stock worth $371,000 after acquiring an additional 530 shares in the last quarter. 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.