Stock of The Day: Time to Reconsider Benchmark Electronics, Inc. After Making 52-Week High?

Stock of The Day: Time to Reconsider Benchmark Electronics, Inc. After Making 52 Week High?

The stock of Benchmark Electronics, Inc. (NYSE:BHE) hit a new 52-week high and has $31.50 target or 9.00% above today’s $28.90 share price. The 6 months bullish chart indicates low risk for the $1.42 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $31.50 price target is reached, the company will be worth $127.80 million 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 52,364 shares traded hands. Benchmark Electronics, Inc. (NYSE:BHE) has risen 46.07% since April 25, 2016 and is uptrending. It has outperformed by 40.05% the S&P500.

Analysts await Benchmark Electronics, Inc. (NYSE:BHE) to report earnings on February, 14. They expect $0.41 earnings per share, down 8.89% or $0.04 from last year’s $0.45 per share. BHE’s profit will be $20.15M for 17.62 P/E if the $0.41 EPS becomes a reality. After $0.36 actual earnings per share reported by Benchmark Electronics, Inc. for the previous quarter, Wall Street now forecasts 13.89% EPS growth.

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. $70 is the highest target while $20 is the lowest. The $31.67 average target is 9.58% above today’s ($28.9) stock price. Benchmark Electronics has been the topic of 10 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, October 23 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Needham maintained the stock with “Buy” rating in Friday, July 22 report. Raymond James upgraded the stock to “Outperform” rating in Friday, July 24 report. The stock of Benchmark Electronics, Inc. (NYSE:BHE) has “Sell” rating given on Friday, October 21 by Cross Research. Needham maintained it with “Buy” rating and $24 target price in Friday, October 23 report. The stock of Benchmark Electronics, Inc. (NYSE:BHE) has “Buy” rating given on Friday, May 27 by Berenberg. Needham maintained the stock with “Buy” rating in Friday, October 21 report.

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.
Aperio Grp Limited Liability Corporation accumulated 0.01% or 46,321 shares. The California-based Blackrock Institutional Trust Company Na has invested 0.01% in Benchmark Electronics, Inc. (NYSE:BHE). Deutsche Bankshares Ag last reported 0% of its portfolio in the stock. Hawk Ridge Cap L P last reported 1.35% of its portfolio in the stock. Morgan Stanley has 0% invested in the company for 38,046 shares. Us Commercial Bank De last reported 0% of its portfolio in the stock. Los Angeles Capital Mngmt And Equity Rech has 21,433 shares for 0% of their US portfolio. Blackrock Grp Ltd holds 115,473 shares or 0% of its portfolio. Shell Asset, a Netherlands-based fund reported 77,758 shares. Retail Bank Of America De has 0% invested in the company for 3,703 shares. Deere And has invested 0.02% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE). Kcg owns 11,741 shares or 0.01% of their US portfolio. Pacad Investment Limited has invested 0.02% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE). Kbc Group Inc Nv holds 0% or 2,488 shares in its portfolio. Panagora Asset Management last reported 0.02% of its portfolio in the stock.

Insider Transactions: Since July 28, 2016, the stock had 0 insider purchases, and 5 insider sales for $3.02 million net activity. King Jon J had sold 22,500 shares worth $611,432. Adam Donald Francis sold $938,524 worth of stock. $617,527 worth of Benchmark Electronics, Inc. (NYSE:BHE) was sold by DELLY GAYLA J.

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 Appoints Paul Tufano to the Board of Directors” published on March 01, 2016, Prnewswire.com published: “Benchmark Electronics to Report Third Quarter 2016 Results” on October 12, 2016. More interesting news about Benchmark Electronics, Inc. (NYSE:BHE) were released by: Prnewswire.com and their article: “Benchmark Electronics Highlights Track Record of Value Creation in Newly Filed …” published on May 02, 2016 as well as Prnewswire.com‘s news article titled: “Benchmark Electronics Completes Secure Technology Transaction” with publication date: November 12, 2015.

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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