From MarketBeat:

Benchmark Electronics, Inc. was targeted with a significant growth in short interest in December, totaling 635,000 shares, a 39.3% increase from November 30th. 1.8% of the company’s shares are sold short, with a short-interest ratio of 4.2 days based on average daily volume of 149,500 shares.

Research firms recently commented on Benchmark Electronics. StockNews.com gave it a “hold” rating, while Needham & Company LLC reaffirmed a “buy” rating and a $30.00 price objective on its shares.

Benchmark Electronics stock traded down 1.5% on Monday to $27.64, with a market capitalization of $986.20 million and a P/E ratio of 14.47. It last posted earnings of $0.57 per share, beating the consensus estimate of $0.55.

Benchmark Electronics announced a quarterly dividend of $0.165 per share to be paid on January 12th to shareholders of record on December 29th, representing a $0.66 dividend on an annualized basis and a yield of 2.39%.

Hedge funds and other institutional investors have recently modified their holdings of Benchmark Electronics, with 92.29% of the stock currently owned by institutional investors.

Benchmark Electronics, Inc. provides product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. It offers engineering and technology solutions, including new product design, prototype, testing, and related engineering services, as well as automation equipment design and build services.



Read more: Benchmark Electronics, Inc. (NYSE:BHE) Sees Large Growth in Short Interest