Benchmark Electronics (NYSE:BHE) Sets New 1-Year High at $39.51

Benchmark Electronics, Inc. (NYSE:BHE) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $39.51 and last traded at $39.48, with a volume of 59229 shares traded. The stock had previously closed at $39.14.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Sidoti lowered Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Monday, April 29th. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Needham & Company LLC raised their price target on shares of Benchmark Electronics from $31.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday.

Benchmark Electronics Stock Performance

The company has a market capitalization of $1.42 billion, a PE ratio of 21.39 and a beta of 1.00. The firm has a 50-day moving average of $30.62 and a two-hundred day moving average of $28.12. The company has a quick ratio of 1.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.29.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, March 27th. Benchmark Electronics’s dividend payout ratio is currently 36.07%.

Hedge Funds Weigh In On Benchmark Electronics

Hedge funds have recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in Benchmark Electronics in the 1st quarter valued at $27,000. Parallel Advisors LLC grew its position 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 valued at $32,000 after purchasing an additional 566 shares during the period. Signaturefd LLC increased its stake 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 worth $49,000 after purchasing an additional 967 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Benchmark Electronics during the 1st quarter worth about $136,000. Finally, Quadrant Capital Group LLC lifted its stake in 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 buying an additional 4,357 shares in the last quarter. Hedge funds and other institutional investors 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.