Smith Graham & Co. Investment Advisors LP lessened its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 318,217 shares of the technology company’s stock after selling 3,260 shares during the quarter. Benchmark Electronics makes up approximately 1.1% of Smith Graham & Co. Investment Advisors LP’s portfolio, making the stock its 17th largest holding. Smith Graham & Co. Investment Advisors LP owned 0.64% of Benchmark Electronics worth $10,867,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in Benchmark Electronics by 43,795.9% during the first quarter. BlackRock Inc. now owns 6,102,845 shares of the technology company’s stock valued at $194,070,000 after acquiring an additional 6,088,942 shares in the last quarter. Eagle Boston Investment Management Inc. raised its position in Benchmark Electronics by 3.3% during the second quarter. Eagle Boston Investment Management Inc. now owns 223,062 shares of the technology company’s stock valued at $7,204,000 after acquiring an additional 7,069 shares in the last quarter. Morgan Stanley raised its position in Benchmark Electronics by 111.8% during the first quarter. Morgan Stanley now owns 375,217 shares of the technology company’s stock valued at $11,932,000 after acquiring an additional 198,078 shares in the last quarter. Geode Capital Management LLC raised its position in Benchmark Electronics by 5.1% during the first quarter. Geode Capital Management LLC now owns 642,740 shares of the technology company’s stock valued at $20,439,000 after acquiring an additional 31,227 shares in the last quarter. Finally, State Street Corp raised its position in Benchmark Electronics by 0.8% during the first quarter. State Street Corp now owns 1,345,668 shares of the technology company’s stock valued at $42,792,000 after acquiring an additional 11,303 shares in the last quarter. 94.98% of the stock is currently owned by hedge funds and other institutional investors.
BHE has been the topic of several recent research reports. Needham & Company LLC raised their price objective on shares of Benchmark Electronics from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. Citigroup Inc. reaffirmed a “neutral” rating and set a $36.00 price objective (up previously from $32.00) on shares of Benchmark Electronics in a research report on Friday, July 21st. Royal Bank Of Canada raised their price objective on shares of Benchmark Electronics from $33.00 to $37.00 and gave the company a “sector perform” rating in a research report on Thursday, July 20th. Finally, BidaskClub lowered shares of Benchmark Electronics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Benchmark Electronics currently has a consensus rating of “Hold” and an average price target of $33.25.
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In other Benchmark Electronics news, Director Douglas G. Duncan sold 5,922 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $31.91, for a total value of $188,971.02. Following the sale, the director now owns 30,524 shares in the company, valued at approximately $974,020.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott R. Peterson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $32.06, for a total value of $32,060.00. Following the completion of the sale, the vice president now owns 18,893 shares in the company, valued at approximately $605,709.58. The disclosure for this sale can be found here. Insiders sold a total of 68,494 shares of company stock worth $2,289,850 in the last 90 days. Company insiders own 0.90% of the company’s stock.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) remained flat at $30.50 during trading on Monday. 169,491 shares of the company were exchanged. The firm has a market cap of $1.52 billion, a P/E ratio of 22.43 and a beta of 0.55. Benchmark Electronics, Inc. has a 1-year low of $24.25 and a 1-year high of $35.80. The company has a 50 day moving average of $33.79 and a 200 day moving average of $32.77.
Benchmark Electronics (NYSE:BHE) last released its earnings results on Wednesday, October 18th. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The firm had revenue of $604.00 million for the quarter, compared to analysts’ expectations of $584.50 million. Benchmark Electronics had a return on equity of 5.62% and a net margin of 2.63%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. Equities research analysts expect that Benchmark Electronics, Inc. will post $1.49 EPS for the current fiscal year.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. 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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