Benchmark Electronics (NYSE:BHE) Stock Crosses Above Two Hundred Day Moving Average of $27.23

Benchmark Electronics, Inc. (NYSE:BHE) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.23 and traded as high as $30.01. Benchmark Electronics shares last traded at $29.92, with a volume of 290,412 shares changing hands.

Analyst Upgrades and Downgrades

BHE has been the subject of several analyst reports. StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Needham & Company LLC raised 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.

Benchmark Electronics Stock Performance

The company’s 50-day moving average price is $29.88 and its 200 day moving average price is $27.23. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.33 and a current ratio of 2.29. The stock has a market capitalization of $1.07 billion, a PE ratio of 16.62 and a beta of 1.02.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, January 31st. The technology company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. Benchmark Electronics had a net margin of 2.27% and a return on equity of 6.95%. The firm had revenue of $691.35 million during the quarter.

Benchmark Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 annualized dividend and a dividend yield of 2.21%. Benchmark Electronics’s payout ratio is 36.67%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Benchmark Electronics by 2.9% in the 2nd quarter. BlackRock Inc. now owns 6,569,238 shares of the technology company’s stock worth $169,683,000 after acquiring an additional 187,258 shares in the last quarter. Vanguard Group Inc. increased its stake in Benchmark Electronics by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,685,488 shares of the technology company’s stock valued at $129,507,000 after purchasing an additional 58,266 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Benchmark Electronics by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,996,161 shares of the technology company’s stock valued at $82,815,000 after purchasing an additional 21,170 shares in the last quarter. Franklin Resources Inc. increased its stake in Benchmark Electronics by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 2,351,157 shares of the technology company’s stock valued at $64,986,000 after purchasing an additional 42,570 shares in the last quarter. Finally, State Street Corp increased its stake in Benchmark Electronics by 0.5% during the 3rd quarter. State Street Corp now owns 1,409,747 shares of the technology company’s stock valued at $35,166,000 after purchasing an additional 6,838 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors.

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.