Benchmark Electronics, Inc. (NYSE:BHE) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $28.50 and last traded at $29.05, with a volume of 356000 shares trading hands. The stock had previously closed at $29.60.

Several research analysts have recently issued reports on BHE shares. TheStreet upgraded shares of Benchmark Electronics from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. Needham & Company LLC cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.67.

The company has a current ratio of 3.60, a quick ratio of 2.66 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1,420.00, a price-to-earnings ratio of 23.06 and a beta of 0.50.

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. lifted its stake in Benchmark Electronics by 8.6% during the second quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock valued at $142,000 after purchasing an additional 346 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Benchmark Electronics by 71.6% during the second quarter. Riverhead Capital Management LLC now owns 5,663 shares of the technology company’s stock valued at $183,000 after purchasing an additional 2,363 shares during the last quarter. Flinton Capital Management LLC lifted its stake in Benchmark Electronics by 70.7% during the second quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock valued at $186,000 after purchasing an additional 2,380 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Benchmark Electronics during the third quarter valued at approximately $230,000. Finally, Amalgamated Bank lifted its stake in Benchmark Electronics by 1.7% during the second quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock valued at $220,000 after purchasing an additional 115 shares during the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

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About Benchmark Electronics

Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.

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