Benchmark Electronics (BHE) is Reiterated by Needham to Buy, Raises Price Target to $ 26

Benchmark Electronics (BHE) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 26 from a previous price target of $23 . Needham advised their investors in a research report released on Jul 22, 2016.

On the company’s financial health, Benchmark Electronics reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $0.32. The company had revenue of $579.34 million for the quarter, compared to analysts expectations of $582.92 million. The company’s revenue was down -12.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.

Benchmark Electronics opened for trading at $22.59 and hit $22.83 on the upside on Wednesday, eventually ending the session at $22.77, with a gain of 1.43% or 0.32 points. The heightened volatility saw the trading volume jump to 2,75,015 shares. Company has a market cap of $1,123 M.

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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