The stock of Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high and has $42.35 target or 54.00% above today’s $27.50 share price. The 5 months bullish chart indicates low risk for the $1.35 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $42.35 price target is reached, the company will be worth $729.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 34,684 shares traded hands. Benchmark Electronics, Inc. (NYSE:BHE) has risen 21.28% since April 19, 2016 and is uptrending. It has outperformed by 17.42% the S&P500.
Benchmark Electronics, Inc. (NYSE:BHE) Ratings Coverage
Out of 5 analysts covering Benchmark Electronics (NYSE:BHE), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. Benchmark Electronics has been the topic of 10 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Benchmark Electronics, Inc. (NYSE:BHE) earned “Sector Perform” rating by RBC Capital Markets on Friday, October 23. The stock has “Buy” rating given by Needham on Friday, October 21. The rating was upgraded by Raymond James on Friday, July 24 to “Outperform”. Needham maintained Benchmark Electronics, Inc. (NYSE:BHE) rating on Friday, July 22. Needham has “Buy” rating and $26 price target. The stock of Benchmark Electronics, Inc. (NYSE:BHE) has “Sell” rating given on Friday, October 21 by Cross Research. Needham maintained the shares of BHE in a report on Friday, October 23 with “Buy” rating. The company was initiated on Friday, May 27 by Berenberg.
According to Zacks Investment Research, “Benchmark Electronics, Inc. provides contract electronics manufacturing and design services to original equipment manufacturers in select industries, including medical devices, communications equipment, industrial and business computers, testing instrumentation and industrial controls. They specializes in manufacturing high quality, technologically complex printed circuit board assemblies with computer-automated equipment using surface mount and pin-through-hole interconnection technologies for customers requiring low to medium volume production runs.”
Insitutional Activity: The institutional sentiment increased to 1.1 in Q2 2016. Its up 0.31, from 0.79 in 2016Q1. The ratio improved, as 26 funds sold all Benchmark Electronics, Inc. shares owned while 63 reduced positions. 15 funds bought stakes while 55 increased positions. They now own 43.75 million shares or 14.21% less from 51.00 million shares in 2016Q1.
The New York-based Tiaa Cref Inv Limited Liability Corporation has invested 0% in Benchmark Electronics, Inc. (NYSE:BHE). Gotham Asset Mngmt Ltd Liability Corporation last reported 426,786 shares in the company. Arizona State Retirement Sys last reported 0.01% of its portfolio in the stock. Jpmorgan Chase Com holds 0.01% or 2.03M shares in its portfolio. Secor Cap Advsr L P holds 0.28% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE) for 103,541 shares. Dreman Value L L C last reported 0% of its portfolio in the stock. Ladenburg Thalmann Service Incorporated holds 0% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE) for 346 shares. Kennedy Capital Mgmt holds 0.09% or 218,174 shares in its portfolio. Wells Fargo And Mn holds 0% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE) for 32,175 shares. Moreover, Gemmer Asset Mgmt Limited Liability Co has 0% invested in Benchmark Electronics, Inc. (NYSE:BHE) for 312 shares. Smith Asset Mngmt Gp L P accumulated 0% or 809 shares. Ls Investment Advisors Ltd Company reported 1,684 shares or 0% of all its holdings. Carlson Capital L P, a Texas-based fund reported 278,908 shares. Hutchin Hill Cap Lp holds 0.04% or 53,100 shares in its portfolio. Alliancebernstein L P accumulated 79,832 shares or 0% of the stock.
Insider Transactions: Since July 28, 2016, the stock had 0 buys, and 5 selling transactions for $3.02 million net activity. King Jon J also sold $611,432 worth of Benchmark Electronics, Inc. (NYSE:BHE) shares. The insider DELLY GAYLA J sold $617,527. Adam Donald Francis had sold 20,000 shares worth $547,468 on Monday, November 14.
More notable recent Benchmark Electronics, Inc. (NYSE:BHE) news were published by: Bloomberg.com which released: “Benchmark Electronics’ Activist Engaged Wins Two Board Seats” on May 11, 2016, also Prnewswire.com with their article: “Benchmark Electronics To Acquire Secure Technology” published on October 22, 2015, Prnewswire.com published: “Benchmark Electronics Reports Second Quarter Results” on July 21, 2016. More interesting news about Benchmark Electronics, Inc. (NYSE:BHE) were released by: Prnewswire.com and their article: “Benchmark Electronics Appoints Paul Tufano to the Board of Directors” published on March 01, 2016 as well as Prnewswire.com‘s news article titled: “Benchmark Electronics to Report Third Quarter 2016 Results” with publication date: October 12, 2016.
BHE Company Profile
Benchmark Electronics, Inc. (Benchmark), incorporated on October 21, 1981, is a well-known provider of integrated electronic manufacturing services. The Firm provides its services to original equipment manufacturers (OEMs) 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. The Firm has three operating divisions: the Americas, Asia and Europe. The Firm offers integrated design and manufacturing services, from initial product design to volume production, including direct order fulfillment and post-deployment services. The Company’s activities consist of over three principal areas: manufacturing and assembly operations, which include printed circuit boards assemblies (PCBAs) and subsystem assembly, box build and systems integration; precision technology manufacturing, which include precision machining, metal joining, assembly and functional testing for industries, including medical, aerospace, and test and instrumentation markets, and specialized engineering services, which include product design, printed circuit board layout, prototyping, automation and test development. Benchmark’s facilities include over 1.4 million square feet in its domestic facilities in Alabama, Arizona, California, Minnesota, New Hampshire, North Dakota and Texas, and approximately 2.3 million square feet in the Company’s international facilities in China, Malaysia, Mexico, the Netherlands, Romania and Thailand.
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