Is Buying All-time Stock Like Benchmark Electronics, Inc. (BHE) a Winning Strategy?

October 13, 2017 - By Vivian Park

Investors sentiment decreased to 1.22 in 2017 Q2. Its down 0.05, from 1.27 in 2017Q1. It worsened, as 15 investors sold Benchmark Electronics, Inc. shares while 66 reduced holdings. 30 funds opened positions while 69 raised stakes. 46.52 million shares or 2.16% less from 47.55 million shares in 2017Q1 were reported.
Ls Investment Advsrs Limited Liability Co owns 1,808 shares or 0% of their US portfolio. Morgan Stanley reported 0% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE). The New Jersey-based Systematic Mgmt L P has invested 0.06% in Benchmark Electronics, Inc. (NYSE:BHE). 25,391 are held by Susquehanna Grp Limited Liability Partnership. Teachers Retirement Of The State Of Kentucky holds 0.01% or 17,625 shares in its portfolio. Fund Management Sa accumulated 9,700 shares. Ameriprise Finance Incorporated reported 706,452 shares. 89,541 are owned by Secor Advsrs Lp. Tiaa Cref Invest Management Limited Co holds 277,521 shares. Citigroup reported 0% in Benchmark Electronics, Inc. (NYSE:BHE). Eagle Boston Inv Inc reported 0.78% stake. Moreover, Sg Americas Secs Ltd Liability Corporation has 0% invested in Benchmark Electronics, Inc. (NYSE:BHE) for 8,620 shares. Skyline Asset Limited Partnership holds 616,239 shares or 1.68% of its portfolio. Creative Planning has 1,060 shares. Jennison Ltd Liability Com reported 0.03% stake.

The stock of Benchmark Electronics, Inc. (NYSE:BHE) reached all time high today, Oct, 13 and still has $36.57 target or 3.00 % above today’s $35.50 share price. This indicates more upside for the $1.77B company. This technical setup was reported by Barchart.com. If the $36.57 PT is reached, the company will be worth $53.10 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 0.21% or $0.08 during the last trading session, reaching $35.5. About 150,024 shares traded. Benchmark Electronics, Inc. (NYSE:BHE) has risen 60.40% since October 13, 2016 and is uptrending. It has outperformed by 43.70% the S&P500.

Investors wait Benchmark Electronics, Inc. (NYSE:BHE) to report on October, 18 after the close. its quarterly earnings Wall Street analysts expect $0.34 earnings per share, down $0.02 or 5.56 % from last year’s $0.36 same quarter earnings. This translates into $16.95M profit for BHE giving the stock a 26.10 P/E. This is assuming the current $0.34 EPS is accurate. Benchmark Electronics, Inc.’s Wall Street analysts see -10.53 % negative EPS growth, taking into account the $0.38 EPS reproted in the previous quarter,

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

Among 5 analysts covering Benchmark Electronics (NYSE:BHE), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. Benchmark Electronics had 15 analyst reports since July 24, 2015 according to SRatingsIntel. Needham maintained Benchmark Electronics, Inc. (NYSE:BHE) on Thursday, February 9 with “Buy” rating. The firm earned “Outperform” rating on Friday, July 24 by Raymond James. Needham maintained Benchmark Electronics, Inc. (NYSE:BHE) on Wednesday, August 30 with “Buy” rating. As per Friday, May 27, the company rating was initiated by Berenberg. The rating was maintained by Needham on Friday, October 21 with “Buy”. The stock of Benchmark Electronics, Inc. (NYSE:BHE) has “Hold” rating given on Thursday, August 31 by RBC Capital Markets. The firm earned “Buy” rating on Friday, July 22 by Needham. Needham maintained it with “Buy” rating and $24 target in Friday, October 23 report. RBC Capital Markets maintained Benchmark Electronics, Inc. (NYSE:BHE) on Friday, October 23 with “Sector Perform” rating. The stock has “Sell” rating by Cross Research on Friday, October 21.

More notable recent Benchmark Electronics, Inc. (NYSE:BHE) news were published by: Prnewswire.com which released: “Benchmark Electronics Reports Second Quarter 2017 Results” on July 19, 2017, also Seekingalpha.com with their article: “Qualcomm, Benchmark announce biometric patches for 2018” published on September 27, 2017, Prnewswire.com published: “Benchmark Electronics to Report Third Quarter 2017 Results” on October 05, 2017. More interesting news about Benchmark Electronics, Inc. (NYSE:BHE) were released by: Prnewswire.com and their article: “Benchmark Electronics Announces Changes Among Officers” published on May 16, 2017 as well as Prnewswire.com‘s news article titled: “Benchmark Electronics Appoints Bruce Carlson to the Board of Directors” with publication date: July 12, 2017.

Benchmark Electronics, Inc. is a provider of electronic manufacturing services. The company has market cap of $1.77 billion. The Firm operates through three divisions: the Americas, Asia and Europe. It has a 26.31 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.

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