Benchmark Electronics (NYSE:BHE) Sets New 52-Week High at $37.41

Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $37.41 and last traded at $36.08, with a volume of 82551 shares trading hands. The stock had previously closed at $30.29.

Analysts Set New Price Targets

BHE has been the subject of several research reports. Sidoti cut shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Monday. Needham & Company LLC increased their price target on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Friday, February 9th.

Benchmark Electronics Stock Performance

The firm’s fifty day moving average price is $30.02 and its 200 day moving average price is $27.71. The company has a current ratio of 2.29, a quick ratio of 1.33 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 20.51 and a beta of 1.00.

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

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 dividend on an annualized basis and a yield of 1.84%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 36.67%.

Institutional Investors Weigh In On Benchmark Electronics

A number of hedge funds have recently added to or reduced their stakes in BHE. Rise Advisors LLC acquired a new stake in Benchmark Electronics during the 1st quarter worth approximately $27,000. Parallel Advisors LLC lifted its holdings in 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 in the last quarter. Signaturefd LLC increased its position in shares of Benchmark Electronics by 121.0% in the 4th quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock valued at $49,000 after purchasing an additional 967 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Benchmark Electronics by 212.5% in the 4th 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 during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in shares of Benchmark Electronics in the 3rd quarter valued at approximately $222,000. 92.29% of the stock is currently owned by institutional investors and hedge funds.

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.