Voya Investment Management LLC Has $2.01 Million Stake in Benchmark Electronics, Inc. (BHE)
Voya Investment Management LLC raised its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,189 shares of the technology company’s stock after buying an additional 2,096 shares during the quarter. Voya Investment Management LLC owned about 0.12% of Benchmark Electronics worth $2,009,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of BHE. UBS Asset Management Americas Inc. grew its position in shares of Benchmark Electronics by 12.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 31,910 shares of the technology company’s stock worth $1,015,000 after buying an additional 3,429 shares during the period. Sei Investments Co. grew its position in shares of Benchmark Electronics by 187.9% during the 1st quarter. Sei Investments Co. now owns 22,562 shares of the technology company’s stock worth $717,000 after buying an additional 14,725 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Benchmark Electronics during the 1st quarter worth about $129,000. Mason Street Advisors LLC grew its position in shares of Benchmark Electronics by 8.7% during the 1st quarter. Mason Street Advisors LLC now owns 11,605 shares of the technology company’s stock worth $369,000 after buying an additional 924 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Benchmark Electronics by 36.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,388 shares of the technology company’s stock valued at $108,000 after purchasing an additional 898 shares during the period. Institutional investors own 94.98% of the company’s stock.
In other Benchmark Electronics news, VP Scott R. Peterson sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now owns 18,893 shares of the company’s stock, valued at $605,709.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Donald Francis Adam sold 61,572 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer now directly 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 68,494 shares of company stock valued at $2,289,850 in the last three months. Insiders own 0.90% of the company’s stock.
Several equities analysts recently issued reports on BHE shares. Citigroup Inc. reiterated a “neutral” rating and issued a $36.00 price objective (up from $32.00) on shares of Benchmark Electronics in a research report on Friday, July 21st. Royal Bank Of Canada boosted their price objective on Benchmark Electronics from $33.00 to $37.00 and gave the company a “sector perform” rating in a research report on Thursday, July 20th. BidaskClub lowered Benchmark Electronics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Needham & Company LLC boosted their price objective on Benchmark Electronics from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.25.
Benchmark Electronics, Inc. (NYSE:BHE) opened at 35.30 on Wednesday. Benchmark Electronics, Inc. has a 12 month low of $24.25 and a 12 month high of $35.75. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 25.96 and a beta of 0.55. The company has a 50 day moving average price of $33.62 and a 200 day moving average price of $32.72.
Benchmark Electronics (NYSE:BHE) last released its earnings results on Wednesday, July 19th. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. Benchmark Electronics had a return on equity of 5.59% and a net margin of 2.84%. The business had revenue of $616.90 million during the quarter, compared to analysts’ expectations of $577.00 million. During the same quarter last year, the firm posted $0.31 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. Analysts anticipate that Benchmark Electronics, Inc. will post $1.49 earnings per share for the current fiscal year.
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About Benchmark Electronics
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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