Bank of New York Mellon Corp Has $20.61 Million Position in Benchmark Electronics, Inc. (BHE)

Bank of New York Mellon Corp reduced its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 706,959 shares of the technology company’s stock after selling 11,599 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.49% of Benchmark Electronics worth $20,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aperio Group LLC lifted its holdings in Benchmark Electronics by 10.6% in the 1st quarter. Aperio Group LLC now owns 27,157 shares of the technology company’s stock worth $811,000 after purchasing an additional 2,594 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Benchmark Electronics during the first quarter worth approximately $5,764,000. Algert Global LLC lifted its holdings in shares of Benchmark Electronics by 4.2% during the second quarter. Algert Global LLC now owns 128,946 shares of the technology company’s stock worth $3,759,000 after buying an additional 5,236 shares during the last quarter. IndexIQ Advisors LLC lifted its holdings in shares of Benchmark Electronics by 9.7% during the second quarter. IndexIQ Advisors LLC now owns 73,279 shares of the technology company’s stock worth $2,136,000 after buying an additional 6,502 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Benchmark Electronics by 114.3% during the first quarter. Sei Investments Co. now owns 63,363 shares of the technology company’s stock worth $1,892,000 after buying an additional 33,793 shares during the last quarter. Hedge funds and other institutional investors own 94.55% of the company’s stock.

Shares of BHE stock opened at $25.70 on Friday. Benchmark Electronics, Inc. has a 12 month low of $23.98 and a 12 month high of $35.80. The company has a market cap of $1.20 billion, a PE ratio of 15.96 and a beta of 0.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.08 and a quick ratio of 2.44.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Tuesday, July 24th. The technology company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Benchmark Electronics had a positive return on equity of 5.99% and a negative net margin of 2.80%. The company had revenue of $660.59 million during the quarter, compared to analyst estimates of $605.00 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc, together with its subsidiaries, provides engineering services, integrated technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.

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

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