Vident Investment Advisory LLC Buys 3,843 Shares of Benchmark Electronics, Inc. (BHE)
Vident Investment Advisory LLC lifted its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,519 shares of the technology company’s stock after acquiring an additional 3,843 shares during the quarter. Vident Investment Advisory LLC owned approximately 0.15% of Benchmark Electronics worth $2,477,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Shell Asset Management Co. grew its stake in shares of Benchmark Electronics by 34.3% during the 3rd quarter. Shell Asset Management Co. now owns 92,541 shares of the technology company’s stock valued at $2,055,000 after acquiring an additional 23,655 shares during the period. Vanguard Group Inc. grew its stake 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 period. Eagle Boston Investment Management Inc. grew its stake in shares of Benchmark Electronics by 3.3% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 223,062 shares of the technology company’s stock valued at $7,204,000 after acquiring an additional 7,069 shares during the period. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Benchmark Electronics during the 2nd quarter valued at approximately $538,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Benchmark Electronics during the 3rd quarter valued at approximately $574,000. Institutional investors own 94.88% of the company’s stock.
Benchmark Electronics, Inc. (NYSE BHE) opened at $29.45 on Tuesday. The company has a quick ratio of 2.66, a current ratio of 3.60 and a debt-to-equity ratio of 0.14. Benchmark Electronics, Inc. has a twelve month low of $29.00 and a twelve month high of $35.80. The company has a market capitalization of $1,464.34, a P/E ratio of 18.88 and a beta of 0.49.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Wednesday, October 18th. The technology company reported $0.39 EPS for the quarter, topping the Zacks’ 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 company had revenue of $604.00 million for the quarter, compared to analysts’ expectations of $584.50 million. During the same period in the previous year, the firm earned $0.36 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year.
BHE has been the topic of a number of research analyst reports. TheStreet cut Benchmark Electronics from a “b” rating to a “c+” rating in a report on Monday, November 13th. Needham & Company LLC cut Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $36.67.
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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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