Dimensional Fund Advisors LP Has $135.36 Million Position in Benchmark Electronics, Inc. (BHE)
Dimensional Fund Advisors LP lifted its position in Benchmark Electronics, Inc. (NYSE:BHE) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,190,600 shares of the technology company’s stock after buying an additional 6,158 shares during the quarter. Dimensional Fund Advisors LP owned about 8.42% of Benchmark Electronics worth $135,357,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of Benchmark Electronics by 36.1% in the first quarter. Envestnet Asset Management Inc. now owns 3,388 shares of the technology company’s stock valued at $108,000 after buying an additional 898 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Benchmark Electronics during the first quarter worth $129,000. Riverhead Capital Management LLC boosted its position in Benchmark Electronics by 71.6% during the second quarter. Riverhead Capital Management LLC now owns 5,663 shares of the technology company’s stock worth $183,000 after purchasing an additional 2,363 shares during the period. CIBC Asset Management Inc bought a new position in Benchmark Electronics during the second quarter worth $203,000. Finally, Citadel Advisors LLC bought a new position in Benchmark Electronics during the first quarter worth $207,000. 94.98% of the stock is owned by institutional investors and hedge funds.
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In other Benchmark Electronics news, VP Scott R. Peterson sold 1,000 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $32.06, for a total value of $32,060.00. Following the completion of the transaction, the vice president now owns 18,893 shares in the company, valued at approximately $605,709.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Donald Francis Adam sold 61,572 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $33.60, for a total value of $2,068,819.20. Following the completion of the transaction, the chief financial officer now owns 112,856 shares of the company’s stock, valued at approximately $3,791,961.60. The disclosure for this sale can be found here. Insiders sold a total of 68,494 shares of company stock valued at $2,289,850 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.
Benchmark Electronics, Inc. (NYSE BHE) opened at 34.15 on Friday. The firm’s 50-day moving average is $32.33 and its 200-day moving average is $32.32. The company has a market capitalization of $1.70 billion, a PE ratio of 25.11 and a beta of 0.52. Benchmark Electronics, Inc. has a 52-week low of $24.25 and a 52-week high of $35.25.
Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. The firm had revenue of $616.90 million during the quarter, compared to the consensus estimate of $577.00 million. Benchmark Electronics had a return on equity of 5.59% and a net margin of 2.84%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, equities research analysts forecast that Benchmark Electronics, Inc. will post $1.49 EPS for the current year.
BHE has been the subject of a number of research analyst reports. Citigroup Inc. reaffirmed a “neutral” rating and set a $36.00 price objective (up from $32.00) on shares of Benchmark Electronics in a research report on Friday, July 21st. BidaskClub cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Royal Bank Of Canada lifted their price objective on shares of Benchmark Electronics from $33.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 20th. Finally, Needham & Company LLC lifted their price objective on shares of Benchmark Electronics from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $33.25.
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.
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