Benchmark Electronics, Inc. (BHE) Holdings Boosted by Pinebridge Investments L.P.
Pinebridge Investments L.P. grew its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 39.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,305 shares of the technology company’s stock after purchasing an additional 24,755 shares during the period. Pinebridge Investments L.P.’s holdings in Benchmark Electronics were worth $2,570,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BHE. Assenagon Asset Management S.A. acquired a new position in Benchmark Electronics during the 4th quarter worth approximately $3,139,000. Robeco Institutional Asset Management B.V. increased its position in Benchmark Electronics by 12.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 906,586 shares of the technology company’s stock worth $30,958,000 after purchasing an additional 101,666 shares during the period. JPMorgan Chase & Co. increased its position in Benchmark Electronics by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,743,437 shares of the technology company’s stock worth $94,786,000 after purchasing an additional 87,283 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Benchmark Electronics during the 3rd quarter worth approximately $1,884,000. Finally, Citadel Advisors LLC increased its position in Benchmark Electronics by 400.6% during the 3rd quarter. Citadel Advisors LLC now owns 73,329 shares of the technology company’s stock worth $2,504,000 after purchasing an additional 58,681 shares during the period. Institutional investors own 90.48% of the company’s stock.
Separately, TheStreet cut Benchmark Electronics from a “b” rating to a “c+” rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Benchmark Electronics presently has an average rating of “Hold” and an average target price of $36.67.
Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. The business had revenue of $679.86 million for 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 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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