Benchmark Electronics (NYSE:BHE) Price Target Raised to $40.00 at Needham & Company LLC

Benchmark Electronics (NYSE:BHE) had its price objective upped by Needham & Company LLC from $31.00 to $40.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 9.80% from the company’s current price.

A number of other equities research analysts have also recently issued reports on BHE. Sidoti cut shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Monday, April 29th. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Friday.

Benchmark Electronics Price Performance

Shares of Benchmark Electronics stock opened at $36.43 on Monday. Benchmark Electronics has a 52-week low of $20.58 and a 52-week high of $37.41. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.91 and a beta of 1.00. The company has a fifty day moving average of $30.28 and a 200-day moving average of $27.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.41 and a current ratio of 2.36.

Institutional Investors Weigh In On Benchmark Electronics

Several institutional investors and hedge funds have recently modified their holdings of BHE. Rise Advisors LLC purchased a new stake in shares of Benchmark Electronics in the 1st quarter worth about $27,000. Parallel Advisors LLC increased its stake in shares of 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 acquiring an additional 566 shares in the last quarter. Signaturefd LLC increased its stake in shares of Benchmark Electronics by 121.0% in the 4th quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock worth $49,000 after acquiring an additional 967 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Benchmark Electronics by 212.5% in the 4th 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. Finally, Quadrature Capital Ltd bought a new position in shares of Benchmark Electronics in the 3rd quarter worth about $222,000. 92.29% of the stock is 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.