Could Benchmark Electronics, Inc. (BHE) Skyrocket Even More? The Stock Just Made All Time High

October 13, 2017 - By Peter Erickson

Investors sentiment decreased to 1.22 in Q2 2017. Its down 0.05, from 1.27 in 2017Q1. It dropped, 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.
Gemmer Asset Management Ltd stated it has 0% in Benchmark Electronics, Inc. (NYSE:BHE). Laurion Cap Management Ltd Partnership has invested 0% in Benchmark Electronics, Inc. (NYSE:BHE). Wells Fargo And Communication Mn reported 55,124 shares or 0% of all its holdings. Matarin Capital Mgmt Ltd Liability stated it has 397,403 shares. Clarivest Asset Mngmt Lc owns 208,800 shares. Us State Bank De holds 102 shares or 0% of its portfolio. Fuller And Thaler Asset Inc holds 4,200 shares. Texas Permanent School Fund invested 0.02% in Benchmark Electronics, Inc. (NYSE:BHE). Citadel Llc has invested 0% in Benchmark Electronics, Inc. (NYSE:BHE). Nordea Mngmt has invested 0.01% in Benchmark Electronics, Inc. (NYSE:BHE). Thrivent For Lutherans stated it has 30,160 shares. Acadian Asset Limited Liability Corporation has 0.16% invested in Benchmark Electronics, Inc. (NYSE:BHE) for 1.11 million shares. Leuthold Gp Ltd accumulated 115,156 shares. Goldman Sachs Group Inc accumulated 513,366 shares or 0% of the stock. North Carolina-based Sterling Cap Ltd Llc has invested 0.01% in Benchmark Electronics, Inc. (NYSE:BHE).

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.

Analysts expect Benchmark Electronics, Inc. (NYSE:BHE) to report $0.34 EPS on October, 18 after the close.They anticipate $0.02 EPS change or 5.56 % from last quarter’s $0.36 EPS. BHE’s profit would be $16.95 million giving it 26.10 P/E if the $0.34 EPS is correct. After having $0.38 EPS previously, Benchmark Electronics, Inc.’s analysts see -10.53 % 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. On Wednesday, August 30 the stock rating was maintained by Needham with “Buy”. Needham maintained the stock with “Buy” rating in Friday, October 23 report. The stock of Benchmark Electronics, Inc. (NYSE:BHE) earned “Buy” rating by Needham on Tuesday, July 18. The stock of Benchmark Electronics, Inc. (NYSE:BHE) has “Sector Perform” rating given on Friday, October 23 by RBC Capital Markets. As per Friday, July 24, the company rating was upgraded by Raymond James. The stock of Benchmark Electronics, Inc. (NYSE:BHE) earned “Buy” rating by Needham on Friday, July 22. The firm earned “Sell” rating on Friday, October 21 by Cross Research. The company was initiated on Friday, May 27 by Berenberg. On Thursday, February 9 the stock rating was maintained by Needham with “Buy”. Needham maintained the shares of BHE in report on Friday, October 21 with “Buy” rating.

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 Appoints Bruce Carlson to the Board of Directors” published on July 12, 2017 as well as Prnewswire.com‘s news article titled: “Benchmark Electronics Announces Changes Among Officers” with publication date: May 16, 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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