Benchmark Electronics (NYSE:BHE) Stock Rating Upgraded by Wall Street Zen

Benchmark Electronics (NYSE:BHE - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

BHE has been the subject of several other research reports. Lake Street Capital reduced their price target on shares of Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC reduced their price target on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th.

Benchmark Electronics Price Performance

BHE stock opened at $37.16 on Friday. The firm has a 50 day moving average price of $36.59 and a 200-day moving average price of $40.49. Benchmark Electronics has a 52-week low of $30.73 and a 52-week high of $52.57. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 25.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 2.37.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $631.76 million during the quarter, compared to analyst estimates of $640.00 million. Benchmark Electronics had a net margin of 2.03% and a return on equity of 6.37%. The business's revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share.

Institutional Investors Weigh In On Benchmark Electronics

A number of large investors have recently added to or reduced their stakes in BHE. Parkside Financial Bank & Trust bought a new stake in Benchmark Electronics in the 4th quarter worth approximately $50,000. New Age Alpha Advisors LLC bought a new stake in Benchmark Electronics in the 1st quarter worth approximately $56,000. Versant Capital Management Inc grew its position in Benchmark Electronics by 197.5% in the 1st quarter. Versant Capital Management Inc now owns 2,475 shares of the technology company's stock worth $94,000 after purchasing an additional 1,643 shares during the period. State of Wyoming grew its position in Benchmark Electronics by 213.4% in the 4th quarter. State of Wyoming now owns 3,563 shares of the technology company's stock worth $162,000 after purchasing an additional 2,426 shares during the period. Finally, Caxton Associates LLP bought a new stake in Benchmark Electronics in the 1st quarter worth approximately $202,000. Institutional investors own 92.29% of the company's stock.

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.

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