Texas Permanent School Fund Lowers Stake in Benchmark Electronics, Inc. (BHE)

Texas Permanent School Fund reduced its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 7.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 33,611 shares of the technology company’s stock after selling 2,836 shares during the quarter. Texas Permanent School Fund’s holdings in Benchmark Electronics were worth $978,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BHE. Vanguard Group Inc. boosted its position in shares of Benchmark Electronics by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,650,069 shares of the technology company’s stock valued at $150,198,000 after acquiring an additional 121,337 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Benchmark Electronics by 12.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 906,586 shares of the technology company’s stock worth $30,958,000 after buying an additional 101,666 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Benchmark Electronics by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 2,743,437 shares of the technology company’s stock worth $94,786,000 after buying an additional 87,283 shares during the last quarter. Renaissance Technologies LLC lifted its position in Benchmark Electronics by 26.4% in the second quarter. Renaissance Technologies LLC now owns 397,150 shares of the technology company’s stock worth $12,828,000 after buying an additional 82,900 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Benchmark Electronics in the third quarter worth $1,884,000. Hedge funds and other institutional investors own 90.53% of the company’s stock.

A number of brokerages recently issued reports on BHE. TheStreet downgraded Benchmark Electronics from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. Needham & Company LLC downgraded Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $36.67.

Shares of Benchmark Electronics, Inc. (NYSE BHE) opened at $29.20 on Thursday. The stock has a market capitalization of $1,430.00, a price-to-earnings ratio of -44.24 and a beta of 0.44. Benchmark Electronics, Inc. has a 52-week low of $27.05 and a 52-week high of $35.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.38 and a quick ratio of 2.55.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. The company had revenue of $679.86 million during the quarter. Benchmark Electronics had a positive return on equity of 5.83% and a negative net margin of 1.30%.

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Benchmark Electronics 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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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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