Aperio Group LLC raised its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 15.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 25,507 shares of the technology company’s stock after buying an additional 3,496 shares during the period. Aperio Group LLC owned 0.05% of Benchmark Electronics worth $824,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in Benchmark Electronics by 43,795.9% in the first quarter. BlackRock Inc. now owns 6,102,845 shares of the technology company’s stock worth $194,070,000 after buying an additional 6,088,942 shares in the last quarter. Vanguard Group Inc. boosted its stake in Benchmark Electronics by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,528,732 shares of the technology company’s stock worth $144,013,000 after buying an additional 233,703 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Benchmark Electronics by 16.7% in the first quarter. JPMorgan Chase & Co. now owns 2,454,209 shares of the technology company’s stock worth $78,044,000 after buying an additional 351,992 shares in the last quarter. State Street Corp boosted its stake in Benchmark Electronics by 0.8% in the first quarter. State Street Corp now owns 1,345,668 shares of the technology company’s stock worth $42,792,000 after buying an additional 11,303 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Benchmark Electronics by 43.7% in the first quarter. Bank of New York Mellon Corp now owns 1,041,005 shares of the technology company’s stock worth $33,102,000 after buying an additional 316,526 shares in the last quarter. Institutional investors own 96.00% of the company’s stock.
Benchmark Electronics, Inc. (NYSE:BHE) traded up 0.16% during mid-day trading on Friday, hitting $31.35. The stock had a trading volume of 236,391 shares. Benchmark Electronics, Inc. has a one year low of $23.22 and a one year high of $35.25. The stock has a market cap of $1.57 billion, a P/E ratio of 23.05 and a beta of 0.51. The company has a 50 day moving average price of $32.98 and a 200 day moving average price of $32.24.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The company had revenue of $616.90 million during the quarter, compared to analysts’ expectations of $577 million. Benchmark Electronics had a net margin of 2.84% and a return on equity of 5.59%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 EPS. On average, equities analysts anticipate that Benchmark Electronics, Inc. will post $1.49 EPS for the current year.
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BHE has been the topic of a number of analyst reports. Citigroup Inc. restated a “neutral” rating and issued a $36.00 price target (up from $32.00) on shares of Benchmark Electronics in a research note on Friday, July 21st. BidaskClub cut Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Royal Bank Of Canada raised their price target on Benchmark Electronics from $33.00 to $37.00 and gave the company a “sector perform” rating in a research note on Thursday, July 20th. Finally, Needham & Company LLC raised their price target on Benchmark Electronics from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $33.25.
In other news, Director Douglas G. Duncan sold 5,922 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Donald Francis Adam sold 61,572 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $33.60, for a total transaction of $2,068,819.20. Following the completion of the sale, the chief financial officer now owns 112,856 shares in the company, valued at approximately $3,791,961.60. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
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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