TheStreet Lowers Benchmark Electronics (BHE) to C

Benchmark Electronics (NYSE:BHE) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Thursday.

Separately, Needham & Company LLC lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Benchmark Electronics has an average rating of “Hold” and an average price target of $36.67.

Shares of Benchmark Electronics (NYSE BHE) opened at $29.35 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.38 and a quick ratio of 2.66. Benchmark Electronics has a 12-month low of $27.05 and a 12-month high of $35.80. The company has a market capitalization of $1,454.40, a P/E ratio of -44.47 and a beta of 0.44.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. Benchmark Electronics had a positive return on equity of 5.83% and a negative net margin of 1.30%. The firm had revenue of $679.86 million for the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. raised its holdings in Benchmark Electronics by 8.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock worth $142,000 after acquiring an additional 346 shares during the last quarter. Flinton Capital Management LLC raised its stake in Benchmark Electronics by 70.7% during the 2nd quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock valued at $186,000 after buying an additional 2,380 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Benchmark Electronics during the 3rd quarter valued at $230,000. Amalgamated Bank raised its stake in Benchmark Electronics by 1.7% during the 2nd quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock valued at $220,000 after buying an additional 115 shares during the last quarter. Finally, BlueCrest Capital Management Ltd purchased a new stake in Benchmark Electronics during the 2nd quarter valued at $237,000. Institutional investors own 92.00% of the company’s stock.

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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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