Benchmark Electronics (BHE) is Reiterated by Needham to Buy, Lowers Price Target to $ 23

Benchmark Electronics (BHE) was Reiterated by Needham to “Buy” while Lowering the Price Target of the company shares to $ 23 from a previous price target of $24 . Needham advised their investors in a research report released on Apr 22, 2016.

On the company’s financial health, Benchmark Electronics reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.32. The company had revenue of $549.00 million for the quarter, compared to analysts expectations of $573.44 million. The company’s revenue was down -11.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

Benchmark Electronics closed down -3.04 points or -13.50% at $19.48 with 11,59,136 shares getting traded on Wednesday. Post opening the session at $20.25, the shares hit an intraday low of $18.54 and an intraday high of $20.8325 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 8, 2015, Peter G Dorflinger (director) sold 5,978 shares at $23.75 per share price.

Benchmark Electronics Inc. (Benchmark) is a provider of integrated electronic manufacturing services. Benchmark provides its services to original equipment manufacturers (OEMs) of industrial control equipment including aerospace and defense equipment telecommunication equipment medical devices and testing and instrumentation products. The Company’s operations consist of three principal areas: manufacturing and assembly operations including printed circuit boards and subsystem assembly box build and systems integration; precision technology manufacturing including precision machining metal joining assembly and functional testing and specialized engineering services including product design printed circuit board layout automation and test development. Benchmark’s facilities include 1.6 million square feet in its United States facilities and 2.2 million square feet in its facilities in China Malaysia Mexico the Netherlands Romania and Thailand.

Benchmark Electronics

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