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

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

A number of other equities research analysts have also issued reports on the company. Sidoti lowered Benchmark Electronics from a buy rating to a neutral rating and set a $33.00 target price for the company. in a research note on Monday, April 29th. StockNews.com raised shares of Benchmark Electronics from a hold rating to a buy rating in a research report on Friday, May 3rd.

Benchmark Electronics Stock Down 0.5 %

Shares of NYSE BHE opened at $39.82 on Monday. The stock has a fifty day moving average price of $31.00 and a 200 day moving average price of $28.28. The company has a current ratio of 2.36, a quick ratio of 1.41 and a debt-to-equity ratio of 0.29. Benchmark Electronics has a 12-month low of $20.88 and a 12-month high of $40.16. The company has a market cap of $1.44 billion, a P/E ratio of 21.76 and a beta of 1.00.

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were paid 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 1.66%. Benchmark Electronics’s dividend payout ratio is presently 36.07%.

Insider Buying and Selling

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

Institutional Trading of Benchmark Electronics

Several institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners increased its holdings in shares of Benchmark Electronics by 42.6% in the 3rd quarter. Boston Partners now owns 149,208 shares of the technology company’s stock valued at $3,620,000 after acquiring an additional 44,579 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Benchmark Electronics by 119.4% during the third quarter. First Eagle Investment Management LLC now owns 249,809 shares of the technology company’s stock valued at $6,060,000 after purchasing an additional 135,932 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Benchmark Electronics by 4.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,810 shares of the technology company’s stock worth $384,000 after purchasing an additional 739 shares during the period. Deutsche Bank AG lifted its position in shares of Benchmark Electronics by 1.3% in the 3rd quarter. Deutsche Bank AG now owns 142,132 shares of the technology company’s stock worth $3,448,000 after buying an additional 1,779 shares during the last quarter. Finally, Trust Point Inc. acquired a new position in shares of Benchmark Electronics in the 4th quarter valued at about $445,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

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.