Needham & Company LLC Boosts Benchmark Electronics (NYSE:BHE) Price Target to $40.00

Benchmark Electronics (NYSE:BHE) had its target price hoisted by Needham & Company LLC from $31.00 to $40.00 in a report issued on Monday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.

BHE has been the topic of a number of other research reports. Sidoti downgraded Benchmark Electronics from a buy rating to a neutral rating and set a $33.00 price objective on the stock. in a research report on Monday, April 29th. StockNews.com upgraded Benchmark Electronics from a hold rating to a buy rating in a research report on Friday, May 3rd.

Benchmark Electronics Price Performance

Benchmark Electronics stock opened at $40.04 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 1.41. Benchmark Electronics has a one year low of $20.58 and a one year high of $40.04. The firm has a market capitalization of $1.44 billion, a P/E ratio of 21.88 and a beta of 1.00. The business has a fifty day moving average price of $30.82 and a 200-day moving average price of $28.20.

Benchmark Electronics Dividend Announcement

The company also recently declared 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. The ex-dividend date was Wednesday, March 27th. This represents a $0.66 dividend on an annualized basis and a yield of 1.65%. Benchmark Electronics’s payout ratio is 36.07%.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total transaction of $394,900.00. Following the sale, the director now owns 45,062 shares in the company, valued at $1,779,498.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Jan M. Janick sold 6,777 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $38.87, for a total transaction of $263,421.99. Following the transaction, the senior vice president now directly owns 67,774 shares of the company’s stock, valued at $2,634,375.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Stephen Mccreary sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $39.49, for a total value of $394,900.00. Following the transaction, the director now directly owns 45,062 shares in the company, valued at $1,779,498.38. The disclosure for this sale can be found here. Insiders have sold 17,560 shares of company stock worth $688,374 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Rise Advisors LLC bought a new position in shares of Benchmark Electronics during the first quarter valued at about $27,000. Parallel Advisors LLC grew its stake in shares of Benchmark Electronics by 97.9% in the fourth quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after purchasing an additional 566 shares during the last quarter. Signaturefd LLC grew its stake in shares of Benchmark Electronics by 121.0% in the fourth quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock worth $49,000 after purchasing an additional 967 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Benchmark Electronics in the first quarter worth about $136,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Benchmark Electronics by 212.5% in the fourth quarter. Quadrant Capital Group LLC now owns 6,407 shares of the technology company’s stock worth $177,000 after purchasing an additional 4,357 shares during the last quarter. 92.29% of the stock is 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.