Fox Advisors Lowers Benchmark Electronics (NYSE:BHE) to Equal Weight

Benchmark Electronics (NYSE:BHE) was downgraded by stock analysts at Fox Advisors from an “overweight” rating to an “equal weight” rating in a research report issued on Wednesday, Marketbeat.com reports.

Other analysts have also recently issued research reports about the stock. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Needham & Company LLC raised their target price on Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Finally, Sidoti downgraded Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Monday, April 29th.

Benchmark Electronics Stock Down 0.6 %

Shares of NYSE:BHE opened at $40.76 on Wednesday. The company has a fifty day moving average of $31.97 and a 200-day moving average of $28.88. The company has a market capitalization of $1.47 billion, a PE ratio of 22.27 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.41 and a current ratio of 2.36. Benchmark Electronics has a 52-week low of $21.24 and a 52-week high of $41.58.

Insider Activity

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rise Advisors LLC purchased a new stake in shares of Benchmark Electronics during the 1st quarter valued at approximately $27,000. Parallel Advisors LLC lifted its stake in shares of Benchmark Electronics by 97.9% during the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock valued at $32,000 after buying an additional 566 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Benchmark Electronics by 121.0% during the 4th quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock valued at $49,000 after buying an additional 967 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Benchmark Electronics during the 1st quarter valued at approximately $111,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Benchmark Electronics during the 1st quarter valued at approximately $136,000. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

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.