Benchmark Electronics, Inc. (NYSE:BHE) was downgraded by TheStreet from a “b” rating to a “c+” rating in a report released on Monday.

Other equities analysts have also issued research reports about the company. Needham & Company LLC raised their target price on Benchmark Electronics from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Citigroup Inc. restated a “neutral” rating and issued a $36.00 target price (up previously from $32.00) on shares of Benchmark Electronics in a research note on Friday, July 21st. Royal Bank Of Canada raised their target price on Benchmark Electronics from $33.00 to $37.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 20th. Finally, BidaskClub lowered Benchmark Electronics from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Benchmark Electronics presently has a consensus rating of “Hold” and an average target price of $36.67.

Benchmark Electronics (BHE) traded up $0.48 during trading on Monday, hitting $30.50. The stock had a trading volume of 305,373 shares, compared to its average volume of 385,990. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.60 and a quick ratio of 2.66. The firm has a market cap of $1,516.55, a PE ratio of 19.55 and a beta of 0.50. Benchmark Electronics has a 52-week low of $27.35 and a 52-week high of $35.80.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, October 18th. The technology company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. The firm had revenue of $604.00 million during the quarter, compared to analysts’ expectations of $584.50 million. Benchmark Electronics had a return on equity of 5.62% and a net margin of 2.63%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS.

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In related news, VP Scott R. Peterson sold 1,000 shares of Benchmark Electronics stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $32.06, for a total value of $32,060.00. Following the completion of the transaction, the vice president now owns 18,893 shares in the company, valued at approximately $605,709.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.90% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new stake in Benchmark Electronics in the 3rd quarter worth about $230,000. Vident Investment Advisory LLC boosted its holdings in Benchmark Electronics by 5.6% in the 3rd quarter. Vident Investment Advisory LLC now owns 72,519 shares of the technology company’s stock worth $2,477,000 after buying an additional 3,843 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Benchmark Electronics by 13.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 176,178 shares of the technology company’s stock worth $6,016,000 after buying an additional 20,957 shares during the last quarter. OxFORD Asset Management LLP boosted its holdings in Benchmark Electronics by 37.7% in the 3rd quarter. OxFORD Asset Management LLP now owns 122,191 shares of the technology company’s stock worth $4,222,000 after buying an additional 33,468 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Benchmark Electronics by 36.0% in the 3rd quarter. Wells Fargo & Company MN now owns 74,961 shares of the technology company’s stock worth $2,560,000 after buying an additional 19,837 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.

About Benchmark Electronics

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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