Benchmark Electronics Inc (BHE) - NYSE
  • Fri, Jan. 29, 12:11 PM
    • Jabil (JBL +3.2%), Celestica (CLS +5.1%), Fabrinet (FN +4.3%), Multi-Fineline (MFLX +4.7%), Benchmark Electronics (BHE +2.4%), and TTM Technologies (TTMI +4.6%) are doing well after Flex (formerly Flextronics, up 8.5%) beat FQ3 estimates and offered in-line FQ4 guidance against a backdrop of weak PC sales, slowing smartphone growth, and Chinese macro pressures. The Nasdaq is up 1.3%.
    • A rally in Apple suppliers (follows earnings/guidance from suppliers Skyworks and Synaptics) could be benefiting Jabil and Multi-Fineline. On Monday, RBC cut its Jabil target by $3 to $36 due to the company's Apple exposure. Apple issued soft guidance the next day.
    • Celestica tumbled yesterday after posting mixed Q4 results and issuing light Q1 guidance. Peer Sanmina rallied on Wednesday after providing strong calendar Q1 guidance to go with a Q4 sales miss.
    | Fri, Jan. 29, 12:11 PM | 3 Comments
  • Jul. 8, 2013, 9:33 AM
    A roundup of tech analyst ratings changes: 1) Evercore has downgraded Intel (INTC -1.5%) to Underweight. Also, Citi has cut its estimates for Intel. 2) Citi has removed Qualcomm (QCOM -0.5%) from its Top Picks Live list. 3) Needham has downgraded contract manufacturers Flextronics (FLEX -0.9%), Plexus (PLXS -1%), and Benchmark Electronics (BHE -1%) to Hold. 4) HSBC has upgraded China Unicom (CHU +0.7%) to Neutral. 5) Jefferies has started Nintendo (NTDOY.PK) at Buy. 6) Evercore has downgraded ON Semi (ONNN -2.7%) to Equal Weight. 7) Barclays has downgraded VeriFone (PAY -1.2%) to Equal Weight.
    | Jul. 8, 2013, 9:33 AM
  • Feb. 5, 2013, 10:49 AM
    Fabrinet (FN +6.7%) is rallying following its FQ2 beat, and is lifting both fellow contract manufacturers and the company's optical component industry clients along the way. SANM +3.2%. JBL +2.1%. FLEX +2.1%. BHE +4.5%. JDSU +2.3%. FNSR +4%. OCLR +1.9%. The gains come even though Fabrinet is guiding for FQ3 revenue of $147M-$151M and EPS of $0.29-$0.31, below a consensus of $161.7M and $0.37. Optical component stocks have been on a tear lately.
    | Feb. 5, 2013, 10:49 AM
  • Nov. 2, 2011, 12:08 PM

    Benchmark Electronics (BHE +2.7%) trades higher after announcing it's successfully restarted its Korat, Thailand facility as part of its Emergency Management Business Continuity Plan. The idle facility was put into operation after the company's main manufacturing facility in Ayudhaya was shut down due to flooding.

    | Nov. 2, 2011, 12:08 PM
  • Oct. 18, 2011, 12:07 PM

    Benchmark Electronics (BHE +2.4%) is trading higher after the company says it's begun utilizing its alternate capacity in the Asia Pacific region to compensate for the recent suspension of operations in Thailand due to the floods. Although it expects that the damage to its Ayudhaya facility will have a significant impact on revenues and operations for Q4, the company is insured for both business disruption and damages.

    | Oct. 18, 2011, 12:07 PM
  • Aug. 24, 2011, 11:43 AM
    RBC Capital Markets downgrades two OEM suppliers this morning, cutting Sanmina (SANM -5.5%) to underperform and Benchmark Electronics (BHE -5.7%) to sector perform on slower overall technology chain demand and expectations for a "muted" second half.
    | Aug. 24, 2011, 11:43 AM
Company Description
Benchmark Electronics, Inc. provides integrated electronic manufacturing services The company provides its services original equipment manufacturers of industrial control equipment telecommunication equipment, computers and related products for business enterprises, medical devices, and testing... More
Sector: Technology
Industry: Printed Circuit Boards
Country: United States