BNP Paribas Arbitrage SA Has $359,000 Position in Benchmark Electronics Inc. (BHE)
BNP Paribas Arbitrage SA increased its stake in Benchmark Electronics Inc. (NYSE:BHE) by 97.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,965 shares of the company’s stock after buying an additional 8,358 shares during the period. BNP Paribas Arbitrage SA’s holdings in Benchmark Electronics were worth $359,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Benchmark Electronics during the fourth quarter valued at $12,560,000. Thomson Horstmann & Bryant Inc. bought a new stake in shares of Benchmark Electronics during the first quarter valued at $859,000. Nisa Investment Advisors L.L.C. increased its stake in shares of Benchmark Electronics by 11.4% in the first quarter. Nisa Investment Advisors L.L.C. now owns 64,725 shares of the company’s stock valued at $1,492,000 after buying an additional 6,600 shares in the last quarter. Ngam Advisors L.P. increased its stake in shares of Benchmark Electronics by 8.4% in the first quarter. Ngam Advisors L.P. now owns 19,079 shares of the company’s stock valued at $440,000 after buying an additional 1,472 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Benchmark Electronics by 64.6% in the first quarter. Prudential Financial Inc. now owns 345,552 shares of the company’s stock valued at $7,965,000 after buying an additional 135,641 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.
Benchmark Electronics Inc. (NYSE:BHE) traded down 2.68% during midday trading on Friday, hitting $23.93. 492,365 shares of the stock traded hands. The company has a market cap of $1.17 billion, a P/E ratio of 14.54 and a beta of 0.71. The company’s 50 day moving average is $24.03 and its 200-day moving average is $22.05. Benchmark Electronics Inc. has a one year low of $18.36 and a one year high of $24.55.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Thursday, July 21st. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.01. The business earned $579 million during the quarter, compared to analyst estimates of $582.89 million. Benchmark Electronics had a net margin of 3.51% and a return on equity of 5.52%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share. On average, equities research analysts forecast that Benchmark Electronics Inc. will post $1.34 EPS for the current fiscal year.
BHE has been the topic of several analyst reports. Zacks Investment Research raised Benchmark Electronics from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Needham & Company LLC increased their price target on Benchmark Electronics from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, July 22nd. B. Riley reaffirmed a “neutral” rating and set a $23.00 price target on shares of Benchmark Electronics in a research report on Monday, July 25th. Finally, TheStreet raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $24.00.
In other Benchmark Electronics news, CEO Gayla J. Delly sold 25,497 shares of Benchmark Electronics stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $24.22, for a total value of $617,537.34. Following the transaction, the chief executive officer now directly owns 276,264 shares in the company, valued at $6,691,114.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jon J. King sold 12,774 shares of Benchmark Electronics stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $23.57, for a total transaction of $301,083.18. Following the completion of the transaction, the insider now owns 40,624 shares in the company, valued at $957,507.68. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of integrated electronic manufacturing services. The Company 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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