The analysts at StockNews.com analyzed Benchmark Electronics in a report published on Thursday and made available to the general public for perusal (NYSE: BHE).
The technology company’s stock is assigned a rating of “Hold” by the organization that manages investments.
On February 1st, Benchmark Electronics, whose shares are traded on the New York Stock Exchange under the ticker symbol “BHE,” released the company’s most recent quarterly earnings report.
The quarterly earnings per share (EPS) for the information technology company came in at $0.60, which was in line with the estimate made by the general public, which was also $0.60 per share.
The company’s sales for the quarter came in at $750.64 million, significantly lower than the general prediction of $780.00 million made for the company’s sales.
Benchmark Electronics had a return on equity of 7.49% and a net margin of 2.36%, respectively, as of the most recent financial period. Compared to the same quarter in the previous year, the increase in revenue was 18.6% higher than expected.
The company reported a profit of $0.48 per share during the same period in the previous year’s financial statements.
When trading began on Thursday morning, the price per share of Benchmark Electronics was $22.63 at the opening bell.
The moving average of the company’s stock price over the past 50 days is $25.90, and the moving average over the past 200 days is $26.75.
During the past 52 weeks, the share price of Benchmark Electronics has fluctuated between a low of $21.11 and a high of $30.00.
A debt-to-equity ratio comes in at 0.31; a quick ratio at 1.23; a current ratio at 2.21; and a quick ratio at 1.23.
The company presently possesses a price-to-earnings ratio of 11.73, a beta value of 1.05, and a market capitalization of 796.35 million dollars.
In a separate research report made public on Thursday, February 2nd, Needham & Company LLC lowered their price target on Benchmark Electronics shares from $35.00 to $34.00 while maintaining their “buy” rating.
The report was published.
In recent months, the company’s stock market has been the focus of activity from several significant investors who have been buying and selling shares.
During the first three months of 2018, BlackRock INC increased the amount of Benchmark Electronics stock owned by 3.7%.
As a result of the company’s acquisition of 216,934 shares during the most recent quarter, BlackRock INC now owns a total of 6,052,712 shares of the technology company’s stock.
The current market price for these shares is $151,562,000. Vanguard Group INC increased the amount of Benchmark Electronics stock owned by 4.5% during the third quarter of the fiscal year.
After purchasing 173,727 shares during the most recent quarter, Vanguard Group INC now owns 4,074,295 of the technology company’s stock.
The current market value of these shares is $100,961,000.
During the fourth quarter, Dimensional Fund Advisors LP increased the amount of Benchmark Electronics stock owned by 1.3%.
After purchasing 38,953 additional shares during the most recent fiscal quarter, Dimensional Fund Advisors LP now has 2,955,539 of the technology company’s shares, currently valued at $78,883,000.
The firm acquired these shares.
The State Street Corporation increased its ownership of Benchmark Electronics to 100 percent during the third quarter by purchasing an additional 0.5 percent of the company’s shares. Following acquiring a further 6,838 shares during the preceding quarter, State Street Corp. now owns 1,409,747 technology company shares, which is currently $35,166,000.
And finally, during the final three months of 2018, Millennium Management LLC completed an increase of 113.9% in its ownership stake in Benchmark Electronics.
After purchasing an additional 444,075 shares during the most recent quarter, Millennium Management LLC now owns 834,063 shares of the technology company’s stock, which have a value of $22,261,000.
These shares were acquired during the most recent quarter.
The company’s stock is owned by institutional investors and hedge funds to the tune of 93.41%.
Benchmark Electronics, INC provides a wide range of services to its customers, some of which include precision machining, engineering, and integrated electronic production, amongst others.
Products for use in testing and instrumentation, as well as medical devices, industrial control and telecommunication equipment, computers, and other related commodities for business operations, are all supplied by the company to original equipment manufacturers as part of its product portfolio.