Benchmark Electronics (NYSE:BHE) Stock Crosses Above Two Hundred Day Moving Average of $27.23

Benchmark Electronics, Inc. (NYSE:BHE) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.23 and traded as high as $30.01. Benchmark Electronics shares last traded at $29.92, with a volume of 290,412 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BHE. StockNews.com downgraded Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Needham & Company LLC raised their price target on Benchmark Electronics from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st.

Benchmark Electronics Stock Performance

The company has a market capitalization of $1.07 billion, a P/E ratio of 16.62 and a beta of 1.02. The business has a 50-day moving average of $29.88 and a 200-day moving average of $27.23. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.33.

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

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were given a dividend of $0.165 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.66 annualized dividend and a dividend yield of 2.21%. Benchmark Electronics’s dividend payout ratio (DPR) is 36.67%.

Institutional Trading of Benchmark Electronics

Several institutional investors and hedge funds have recently made changes to their positions in BHE. Rise Advisors LLC bought a new stake in shares of Benchmark Electronics during the first quarter worth $27,000. Parallel Advisors LLC raised its holdings 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 acquiring an additional 566 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Benchmark Electronics by 135.1% in the third quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the technology company’s stock valued at $39,000 after acquiring an additional 917 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Benchmark Electronics by 121.0% in the fourth quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock valued at $49,000 after acquiring an additional 967 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Benchmark Electronics by 25.8% in the first quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock valued at $64,000 after acquiring an additional 526 shares in the last quarter. 92.29% of the stock is currently owned by 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.