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

Benchmark Electronics, Inc. (NYSE:BHE - Get Free Report) shares passed 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 traded.

Analysts Set New Price Targets

Several equities analysts have commented on BHE shares. StockNews.com downgraded Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Needham & Company LLC raised their price objective on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a "buy" rating in a report on Thursday, February 1st.

Benchmark Electronics Trading Up 0.5 %

The company has a market cap of $1.08 billion, a P/E ratio of 16.62 and a beta of 1.02. The firm's 50 day moving average is $29.88 and its two-hundred day moving average is $27.23. The company has a quick ratio of 1.33, a current ratio of 2.29 and a debt-to-equity ratio of 0.30.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced 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 return on equity of 6.95% and a net margin of 2.27%. The firm had revenue of $691.35 million for the quarter.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, March 27th. Benchmark Electronics's dividend payout ratio is presently 36.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rise Advisors LLC bought a new stake in Benchmark Electronics in the first quarter worth approximately $27,000. Parallel Advisors LLC grew its position in shares of Benchmark Electronics by 97.9% during the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company's stock worth $32,000 after buying an additional 566 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Benchmark Electronics by 135.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the technology company's stock valued at $39,000 after acquiring an additional 917 shares in the last quarter. Signaturefd LLC lifted its position in shares of Benchmark Electronics by 121.0% during the 4th quarter. Signaturefd LLC now owns 1,766 shares of the technology company's stock valued at $49,000 after acquiring an additional 967 shares during the period. Finally, Lazard Asset Management LLC lifted its position in shares of Benchmark Electronics by 25.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company's stock valued at $64,000 after acquiring an additional 526 shares during the period. Institutional investors and hedge funds own 92.29% of the company's stock.

About Benchmark Electronics

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.