The stock of Benchmark Electronics, Inc. (NYSE:BHE) reached all time high today, Dec, 16 and still has $31.16 target or 3.00% above today’s $30.25 share price. This indicates more upside for the $1.50 billion company. This technical setup was reported by Barchart.com. If the $31.16 PT is reached, the company will be worth $45.00 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. About 158,510 shares traded hands. Benchmark Electronics, Inc. (NYSE:BHE) has risen 49.87% since May 13, 2016 and is uptrending. It has outperformed by 39.35% the S&P500.
Analysts await Benchmark Electronics, Inc. (NYSE:BHE) to report earnings on February, 14. They expect $0.41 EPS, down 8.89% or $0.04 from last year’s $0.45 per share. BHE’s profit will be $20.33M for 18.45 P/E if the $0.41 EPS becomes a reality. After $0.36 actual EPS 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. Benchmark Electronics has been the topic of 10 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, July 22 by Needham. On Friday, May 27 the stock rating was initiated by Berenberg with “Buy”. The rating was downgraded by Cross Research to “Sell” on Friday, October 21. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, October 23. Needham maintained the shares of BHE in a report on Friday, October 23 with “Buy” rating. Needham maintained Benchmark Electronics, Inc. (NYSE:BHE) on Friday, October 21 with “Buy” rating. The firm earned “Outperform” rating on Friday, July 24 by Raymond James.
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 Q3 2016. Its up 0.31, from 0.79 in 2016Q2. The ratio improved, as 11 funds sold all Benchmark Electronics, Inc. shares owned while 67 reduced positions. 27 funds bought stakes while 59 increased positions. They now own 46.56 million shares or 6.42% more from 43.75 million shares in 2016Q2.
Jacobs Levy Equity Management owns 161,020 shares or 0.07% of their US portfolio. Prudential Finance reported 453,872 shares or 0.02% of all its holdings. Los Angeles Cap Mngmt Equity Rech Incorporated last reported 25,964 shares in the company. Moreover, First Tru Ltd Partnership has 0.01% invested in Benchmark Electronics, Inc. (NYSE:BHE) for 96,657 shares. Shell Asset Management holds 74,356 shares or 0.04% of its portfolio. Eqis Cap has invested 0.02% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE). Rhumbline Advisers holds 0.01% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE) for 81,126 shares. C M Bidwell And Associates Limited holds 0.06% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE) for 10,340 shares. The Sweden-based Nordea Invest Mngmt has invested 0% in Benchmark Electronics, Inc. (NYSE:BHE). Mason Street Advisors Lc has 10,081 shares for 0.01% of their US portfolio. Savings Bank Of America De accumulated 3,518 shares or 0% of the stock. Schroder Investment Group Inc last reported 0% of its portfolio in the stock. Riverhead Mgmt Limited Liability owns 3,900 shares or 0.01% of their US portfolio. Engaged Cap Lc last reported 22.06% of its portfolio in the stock. Anchor Cap Advsr Ltd Liability Corp reported 52,201 shares or 0.04% of all its holdings.
Insider Transactions: Since July 28, 2016, the stock had 0 insider buys, and 6 sales for $4.17 million net activity. Adam Donald Francis also sold $938,524 worth of Benchmark Electronics, Inc. (NYSE:BHE) on Friday, July 29. $1.15 million worth of shares were sold by DUNCAN DOUGLAS G on Monday, November 28. King Jon J also sold $301,132 worth of Benchmark Electronics, Inc. (NYSE:BHE) shares. Another trade for 25,497 shares valued at $617,527 was made by DELLY GAYLA J on Thursday, August 18.
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 Highlights Track Record of Value Creation in Newly Filed …” on May 02, 2016. More interesting news about Benchmark Electronics, Inc. (NYSE:BHE) were released by: Prnewswire.com and their article: “Benchmark Electronics to Report Third Quarter 2016 Results” published on October 12, 2016 as well as Prnewswire.com‘s news article titled: “Benchmark Electronics Files Investor Presentation” with publication date: April 14, 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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