Benchmark Electronics, Inc. (BHE) Shares Bought by Rhumbline Advisers
Rhumbline Advisers lifted its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 1.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 105,938 shares of the technology company’s stock after acquiring an additional 1,750 shares during the quarter. Rhumbline Advisers owned 0.21% of Benchmark Electronics worth $3,618,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in BHE. Hancock Holding Co. bought a new stake in shares of Benchmark Electronics in the 2nd quarter worth approximately $7,210,000. JPMorgan Chase & Co. lifted its holdings in shares of Benchmark Electronics by 8.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,656,154 shares of the technology company’s stock worth $85,795,000 after acquiring an additional 201,945 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Benchmark Electronics by 2.8% in the 2nd quarter. BlackRock Inc. now owns 6,276,449 shares of the technology company’s stock worth $202,730,000 after acquiring an additional 173,604 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Benchmark Electronics by 49.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 508,159 shares of the technology company’s stock valued at $16,413,000 after buying an additional 168,772 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Benchmark Electronics by 35.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 513,366 shares of the technology company’s stock valued at $16,582,000 after buying an additional 134,986 shares during the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) opened at $29.50 on Thursday. Benchmark Electronics, Inc. has a 1-year low of $28.85 and a 1-year high of $35.80. The company has a current ratio of 3.60, a quick ratio of 2.66 and a debt-to-equity ratio of 0.14. The company has a market cap of $1,476.78, a price-to-earnings ratio of 19.04 and a beta of 0.49.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Wednesday, October 18th. The technology company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. Benchmark Electronics had a net margin of 2.63% and a return on equity of 5.62%. The company had revenue of $604.00 million during the quarter, compared to analyst estimates of $584.50 million. During the same period in the prior year, the business posted $0.36 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year.
A number of research firms recently commented on BHE. Needham & Company LLC lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. TheStreet lowered shares of Benchmark Electronics from a “b” rating to a “c+” rating in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $36.67.
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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