Benchmark Electronics (NYSE:BHE – Get Free Report) had its price objective upped by Needham & Company LLC from $31.00 to $40.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 2.20% from the stock’s current price.
BHE has been the topic of several other reports. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Sidoti cut Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a research note on Monday, April 29th.
Read Our Latest Stock Report on BHE
Benchmark Electronics Stock Up 2.8 %
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BHE. Rise Advisors LLC bought a new stake in shares of Benchmark Electronics during the 1st quarter worth $27,000. Parallel Advisors LLC increased its stake in Benchmark Electronics by 97.9% in the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after purchasing an additional 566 shares in the last quarter. Signaturefd LLC raised its holdings in Benchmark Electronics by 121.0% during the 4th quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock worth $49,000 after buying an additional 967 shares during the period. SG Americas Securities LLC acquired a new position in shares of Benchmark Electronics in the first quarter worth about $136,000. Finally, Quadrant Capital Group LLC increased its position in shares of Benchmark Electronics by 212.5% in the fourth quarter. Quadrant Capital Group LLC now owns 6,407 shares of the technology company’s stock worth $177,000 after acquiring an additional 4,357 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.
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.
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