Benchmark Electronics Inc (NYSE:BHE) Stock Price While Sentiment Improves

November 7, 2017 - By Vivian Currie

 Benchmark Electronics Inc (NYSE:BHE) Stock Price  While Sentiment  Improves

Sentiment for Benchmark Electronics Inc (NYSE:BHE)

Benchmark Electronics Inc (NYSE:BHE) institutional sentiment decreased to 1.22 in Q2 2017. Its down -0.05, from 1.27 in 2017Q1. The ratio worsened, as 99 hedge funds opened new and increased stock positions, while 81 decreased and sold stakes in Benchmark Electronics Inc. The hedge funds in our partner’s database now possess: 46.52 million shares, down from 47.55 million shares in 2017Q1. Also, the number of hedge funds holding Benchmark Electronics Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 15 Reduced: 66 Increased: 69 New Position: 30.

Benchmark Electronics, Inc. is a provider of electronic manufacturing services. The company has market cap of $1.47 billion. The Firm operates through three divisions: the Americas, Asia and Europe. It has a 23.39 P/E ratio. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.

About 149,669 shares traded. Benchmark Electronics, Inc. (NYSE:BHE) has risen 60.40% since November 7, 2016 and is uptrending. It has outperformed by 43.70% the S&P500.

Engaged Capital Llc holds 4.42% of its portfolio in Benchmark Electronics, Inc. for 922,005 shares. Skyline Asset Management Lp owns 616,239 shares or 1.68% of their US portfolio. Moreover, Sensato Investors Llc has 1.53% invested in the company for 187,667 shares. The Texas-based Smith Graham & Co. Investment Advisors Lp has invested 1.12% in the stock. Malaga Cove Capital Llc, a California-based fund reported 56,323 shares.#img1#

Benchmark Electronics, Inc. (NYSE:BHE) Ratings Coverage

Ratings analysis reveals 40% of Benchmark Electronics’s analysts are positive. Out of 5 Wall Street analysts rating Benchmark Electronics, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $20 while the high is $70. The stock’s average target of $36 is 22.45% above today’s ($29.4) share price. BHE was included in 17 notes of analysts from July 24, 2015. The firm has “Buy” rating by Needham given on Tuesday, July 18. The firm earned “Sector Perform” rating on Friday, October 23 by RBC Capital Markets. The stock has “Hold” rating by Needham on Thursday, October 19. On Friday, October 21 the stock rating was downgraded by Cross Research to “Sell”. As per Friday, July 22, the company rating was maintained by Needham. The stock of Benchmark Electronics, Inc. (NYSE:BHE) has “Hold” rating given on Thursday, August 31 by RBC Capital Markets. As per Thursday, October 12, the company rating was maintained by RBC Capital Markets. Needham maintained Benchmark Electronics, Inc. (NYSE:BHE) on Friday, October 23 with “Buy” rating. Needham maintained Benchmark Electronics, Inc. (NYSE:BHE) rating on Friday, October 21. Needham has “Buy” rating and $28 target. As per Thursday, February 9, the company rating was maintained by Needham.

More recent Benchmark Electronics, Inc. (NYSE:BHE) news were published by: Seekingalpha.com which released: “Benchmark Electronics reports Q3 beats, announces CFO retirement” on October 18, 2017. Also Seekingalpha.com published the news titled: “Benchmark Electronics’ (BHE) CEO Paul Tufano on Q3 2017 Results – Earnings …” on October 19, 2017. Nasdaq.com‘s news article titled: “Benchmark Electronics Inc Q3 Profit Rises 11%” with publication date: October 18, 2017 was also an interesting one.

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