Benchmark Electronics, Inc. (NYSE:BHE) Stake Increased by Legal & General Group Plc

Legal & General Group Plc increased its position in Benchmark Electronics, Inc. (NYSE:BHE) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,415 shares of the technology company’s stock after purchasing an additional 5,388 shares during the period. Legal & General Group Plc owned approximately 0.28% of Benchmark Electronics worth $4,695,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hancock Holding Co. purchased a new stake in Benchmark Electronics in the 2nd quarter worth approximately $7,210,000. JPMorgan Chase & Co. boosted its position in shares of Benchmark Electronics by 8.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,656,154 shares of the technology company’s stock valued at $85,795,000 after acquiring an additional 201,945 shares during the last quarter. BlackRock Inc. boosted its position in shares of Benchmark Electronics by 2.8% during the 2nd quarter. BlackRock Inc. now owns 6,276,449 shares of the technology company’s stock valued at $202,730,000 after acquiring an additional 173,604 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of 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 acquiring an additional 134,986 shares during the last quarter. Finally, 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. Institutional investors own 94.83% of the company’s stock.

Benchmark Electronics, Inc. (BHE) traded up $0.30 on Thursday, reaching $30.25. The company’s stock had a trading volume of 276,632 shares, compared to its average volume of 333,517. Benchmark Electronics, Inc. has a 52 week low of $28.75 and a 52 week high of $35.80. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.60 and a quick ratio of 2.66. The stock has a market capitalization of $1,510.00, a price-to-earnings ratio of 24.01 and a beta of 0.50.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, October 18th. The technology company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. Benchmark Electronics had a return on equity of 5.62% and a net margin of 2.63%. The business had revenue of $604.00 million during the quarter, compared to the consensus estimate of $584.50 million. During the same quarter last year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis.

BHE has been the subject of a number of analyst reports. TheStreet downgraded Benchmark Electronics from a “b” rating to a “c+” rating in a research report on Monday, November 13th. Needham & Company LLC lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $36.67.

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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.

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

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