After Making All Time High, Is Benchmark Electronics, Inc. (BHE)’s Near-Term Analysis Positive?

October 13, 2017 - By Kurt Siggers

Investors sentiment decreased to 1.22 in 2017 Q2. Its down 0.05, from 1.27 in 2017Q1. It is negative, 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.
Sector Pension Invest Board holds 0.01% or 25,643 shares in its portfolio. 84,000 are held by Swiss Bancorporation. Prudential Financial stated it has 278,902 shares or 0.01% of all its holdings. Cornerstone Cap invested in 0% or 16,700 shares. Prudential Public Limited holds 294,400 shares. Meeder Asset Inc stated it has 0.01% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE). Los Angeles Capital Mngmt & Equity accumulated 51,454 shares. Leuthold Group Inc Ltd Liability Corporation reported 0.4% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE). 353,150 are owned by Bridgeway Cap Inc. Huntington Bankshares accumulated 207 shares. Cibc Asset Mgmt stated it has 0% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE). First Quadrant Lp Ca accumulated 82,025 shares. Cs Mckee L P invested 0.11% in Benchmark Electronics, Inc. (NYSE:BHE). Mason Street Advsr Limited Liability Company owns 12,265 shares. Rbf Limited Liability Company invested in 10,000 shares or 0.04% of the stock.

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.

Wall Street await Benchmark Electronics, Inc. (NYSE:BHE) to release earnings on October, 18 after the close. Analysts forecast earnings per share of $0.34, down exactly $0.02 or 5.56 % from 2014’s $0.36 EPS. The expected BHE’s profit could reach $16.95M giving the stock 26.10 P/E in the case that $0.34 earnings per share is reported. After posting $0.38 EPS for the previous quarter, Benchmark Electronics, Inc.’s analysts now forecast -10.53 % negative EPS growth.

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 it with “Buy” rating and $34 target in Thursday, February 9 report. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, October 23. The rating was maintained by Needham with “Buy” on Tuesday, July 18. The rating was initiated by Berenberg on Friday, May 27 with “Buy”. The rating was maintained by Needham on Wednesday, August 30 with “Buy”. The rating was maintained by RBC Capital Markets on Thursday, August 31 with “Hold”. The rating was maintained by Needham on Friday, October 23 with “Buy”. As per Friday, October 21, the company rating was downgraded by Cross Research. The rating was upgraded by Raymond James on Friday, July 24 to “Outperform”. Needham maintained it with “Buy” rating and $28 target in Friday, October 21 report.

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, Bizjournals.com published: “Benchmark Electronics moving corporate HQ to Arizona, creating 500 jobs” on April 18, 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 to Report Third Quarter 2017 Results” with publication date: October 05, 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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