TheStreet downgraded shares of Benchmark Electronics (NYSE:BHE) from a b- rating to a c rating in a research report released on Thursday.

Separately, Needham & Company LLC downgraded shares of Benchmark Electronics from a buy rating to a hold rating in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $36.67.

Shares of Benchmark Electronics (NYSE:BHE) opened at $29.35 on Thursday. The company has a current ratio of 3.38, a quick ratio of 2.66 and a debt-to-equity ratio of 0.15. Benchmark Electronics has a 12-month low of $27.05 and a 12-month high of $35.80. The stock has a market cap of $1,460.00, a price-to-earnings ratio of -44.47 and a beta of 0.44.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.12. Benchmark Electronics had a negative net margin of 1.30% and a positive return on equity of 5.83%. The company had revenue of $679.86 million during the quarter.

Several hedge funds have recently modified their holdings of the company. Royce & Associates LP grew its position in Benchmark Electronics by 36.3% in the fourth quarter. Royce & Associates LP now owns 857,578 shares of the technology company’s stock valued at $24,956,000 after purchasing an additional 228,298 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Benchmark Electronics by 35.7% in the second quarter. Goldman Sachs Group Inc. now owns 513,366 shares of the technology company’s stock valued at $16,582,000 after purchasing an additional 134,986 shares in the last quarter. Vanguard Group Inc. grew its position in Benchmark Electronics by 2.7% in the second quarter. Vanguard Group Inc. now owns 4,650,069 shares of the technology company’s stock valued at $150,198,000 after purchasing an additional 121,337 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Benchmark Electronics in the fourth quarter valued at $3,139,000. Finally, Robeco Institutional Asset Management B.V. grew its position in Benchmark Electronics by 12.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 906,586 shares of the technology company’s stock valued at $30,958,000 after purchasing an additional 101,666 shares in the last quarter. 92.00% of the stock is owned by institutional investors.

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About Benchmark Electronics

Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. 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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