Benchmark Electronics (NYSE:BHE) Price Target Increased to $40.00 by Analysts at Needham & Company LLC

Benchmark Electronics (NYSE:BHE) had its price objective upped by Needham & Company LLC from $31.00 to $40.00 in a research note released on Monday, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

BHE has been the subject of several other reports. Sidoti downgraded Benchmark Electronics from a buy rating to a neutral rating and set a $33.00 price target for the company. in a research note on Monday, April 29th. StockNews.com upgraded Benchmark Electronics from a hold rating to a buy rating in a research report on Friday, May 3rd.

Benchmark Electronics Trading Up 2.3 %

BHE stock opened at $40.04 on Monday. Benchmark Electronics has a 1-year low of $20.58 and a 1-year high of $40.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 1.41. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 21.88 and a beta of 1.00. The business has a 50 day simple moving average of $30.82 and a two-hundred day simple moving average of $28.20.

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.65%. Benchmark Electronics’s dividend payout ratio is currently 36.07%.

Insider Activity at Benchmark Electronics

In related news, Director Jeffrey Stephen Mccreary sold 10,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total transaction of $394,900.00. Following the sale, the director now owns 45,062 shares in the company, valued at approximately $1,779,498.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeffrey Stephen Mccreary sold 10,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total transaction of $394,900.00. Following the sale, the director now owns 45,062 shares in the company, valued at approximately $1,779,498.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Arvind Kamal sold 783 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $38.38, for a total value of $30,051.54. Following the sale, the chief financial officer now owns 20,735 shares in the company, valued at approximately $795,809.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,560 shares of company stock worth $688,374. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Benchmark Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Texas Permanent School Fund Corp increased its stake in Benchmark Electronics by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 31,229 shares of the technology company’s stock worth $937,000 after purchasing an additional 405 shares during the period. Nisa Investment Advisors LLC increased its stake in 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 purchasing an additional 500 shares during the period. Uncommon Cents Investing LLC increased its stake 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 purchasing an additional 530 shares during the period. Truvestments Capital LLC increased its stake in Benchmark Electronics by 4.0% in the third quarter. Truvestments Capital LLC now owns 14,085 shares of the technology company’s stock worth $342,000 after purchasing an additional 548 shares during the period. Finally, Parallel Advisors LLC increased its stake in 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 purchasing an additional 566 shares during the period. Hedge funds and other institutional investors own 92.29% of the company’s stock.

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.