Benchmark Electronics (BHE) Upgraded by TheStreet to “B-“
Benchmark Electronics (NYSE:BHE) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Tuesday.
Separately, Needham & Company LLC downgraded Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.67.
Shares of Benchmark Electronics (BHE) opened at $29.25 on Tuesday. Benchmark Electronics has a 52-week low of $29.00 and a 52-week high of $35.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.66 and a current ratio of 3.60. The stock has a market capitalization of $1,450.00, a P/E ratio of 23.21 and a beta of 0.49.
Large investors have recently made changes to their positions in the stock. Hancock Holding Co. bought a new stake in Benchmark Electronics during the 2nd quarter valued at $7,210,000. JPMorgan Chase & Co. lifted its holdings in shares of Benchmark Electronics by 8.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,656,154 shares of the technology company’s stock valued at $85,795,000 after purchasing an additional 201,945 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Benchmark Electronics by 2.8% during the 2nd quarter. BlackRock Inc. now owns 6,276,449 shares of the technology company’s stock valued at $202,730,000 after purchasing an additional 173,604 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Benchmark Electronics by 35.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 513,366 shares of the technology company’s stock valued at $16,582,000 after purchasing an additional 134,986 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Benchmark Electronics by 2.7% during the 2nd 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. 94.83% of the stock is currently owned by institutional investors.
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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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