Sidoti Lowers Benchmark Electronics (NYSE:BHE) to Neutral

Sidoti cut shares of Benchmark Electronics (NYSE:BHE) from a buy rating to a neutral rating in a report published on Monday morning, MarketBeat Ratings reports. They currently have $33.00 price objective on the technology company’s stock.

A number of other equities research analysts have also weighed in on BHE. StockNews.com lowered Benchmark Electronics from a buy rating to a hold rating in a research report on Friday, February 9th. Needham & Company LLC lifted their price objective on 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 Price Performance

Shares of Benchmark Electronics stock opened at $31.49 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.33. The business’s 50 day simple moving average is $29.99 and its two-hundred day simple moving average is $27.65. The stock has a market capitalization of $1.13 billion, a P/E ratio of 17.49 and a beta of 1.02. Benchmark Electronics has a one year low of $20.58 and a one year high of $31.75.

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

Benchmark Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 annualized dividend and a dividend yield of 2.10%. Benchmark Electronics’s dividend payout ratio is presently 36.67%.

Institutional Investors Weigh In On Benchmark Electronics

Hedge funds have recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Benchmark Electronics during the first quarter valued at approximately $27,000. Parallel Advisors LLC boosted its position in shares of Benchmark Electronics by 97.9% during the fourth quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock valued at $32,000 after purchasing an additional 566 shares in the last quarter. Signaturefd LLC boosted its position in shares of Benchmark Electronics by 121.0% during the fourth quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock valued at $49,000 after purchasing an additional 967 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Benchmark Electronics by 212.5% during the fourth quarter. Quadrant Capital Group LLC now owns 6,407 shares of the technology company’s stock valued at $177,000 after purchasing an additional 4,357 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Benchmark Electronics during the third quarter valued at approximately $222,000. 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.