Thrivent Financial For Lutherans lifted its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 7.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,160 shares of the technology company’s stock after buying an additional 2,130 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.06% of Benchmark Electronics worth $974,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BHE. BlackRock Inc. lifted its stake in shares of Benchmark Electronics by 43,795.9% during the 1st quarter. BlackRock Inc. now owns 6,102,845 shares of the technology company’s stock valued at $194,070,000 after buying an additional 6,088,942 shares in the last quarter. Vanguard Group Inc. increased its holdings in Benchmark Electronics by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 4,528,732 shares of the technology company’s stock valued at $144,013,000 after acquiring an additional 233,703 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Benchmark Electronics by 8.2% in 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. Morgan Stanley increased its holdings in Benchmark Electronics by 111.8% in the 1st quarter. Morgan Stanley now owns 375,217 shares of the technology company’s stock valued at $11,932,000 after acquiring an additional 198,078 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Benchmark Electronics by 49.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 508,159 shares of the technology company’s stock valued at $16,413,000 after acquiring an additional 168,772 shares during the last quarter. Institutional investors own 94.98% of the company’s stock.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) opened at 35.35 on Friday. The firm has a 50-day moving average of $33.01 and a 200-day moving average of $32.58. Benchmark Electronics, Inc. has a one year low of $24.25 and a one year high of $35.65. The company has a market capitalization of $1.76 billion, a P/E ratio of 25.99 and a beta of 0.55.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.04. The firm had revenue of $616.90 million for the quarter, compared to the consensus estimate of $577.00 million. Benchmark Electronics had a net margin of 2.84% and a return on equity of 5.59%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $0.31 earnings per share. Analysts forecast that Benchmark Electronics, Inc. will post $1.49 earnings per share for the current year.
In other news, Director Douglas G. Duncan sold 5,922 shares of the firm’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 transaction, the director now directly owns 30,524 shares of the company’s stock, valued at $974,020.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Scott R. Peterson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $32.06, for a total transaction of $32,060.00. Following the completion of the transaction, the vice president now directly owns 18,893 shares in the company, valued at $605,709.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,494 shares of company stock worth $2,289,850. Insiders own 0.90% of the company’s stock.
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A number of analysts have issued reports on BHE shares. BidaskClub downgraded shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Royal Bank Of Canada lifted their price target on shares of Benchmark Electronics from $33.00 to $37.00 and gave the company a “sector perform” rating in a report on Thursday, July 20th. Needham & Company LLC lifted their price target on shares of Benchmark Electronics from $34.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $36.00 price target (up from $32.00) on shares of Benchmark Electronics in a report on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $33.25.
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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