Wells Fargo & Company MN boosted its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 36.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,961 shares of the technology company’s stock after acquiring an additional 19,837 shares during the quarter. Wells Fargo & Company MN owned 0.15% of Benchmark Electronics worth $2,560,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in BHE. Ameritas Investment Partners Inc. boosted its position in Benchmark Electronics by 8.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock worth $142,000 after acquiring an additional 346 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Benchmark Electronics by 71.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,663 shares of the technology company’s stock valued at $183,000 after buying an additional 2,363 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of Benchmark Electronics by 70.7% during the 2nd quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock valued at $186,000 after buying an additional 2,380 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Benchmark Electronics by 1.7% during the 2nd quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock valued at $220,000 after buying an additional 115 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Benchmark Electronics during the 2nd quarter valued at about $237,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.
Several brokerages have recently issued reports on BHE. Needham & Company LLC lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. TheStreet upgraded Benchmark Electronics from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Benchmark Electronics presently has an average rating of “Hold” and an average price target of $36.67.
Shares of Benchmark Electronics, Inc. (NYSE BHE) opened at $30.65 on Friday. The stock has a market capitalization of $1,524.01, a PE ratio of 19.65 and a beta of 0.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.66 and a current ratio of 3.60. Benchmark Electronics, Inc. has a 1-year low of $28.75 and a 1-year high of $35.80.
Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings results on Wednesday, October 18th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The business had revenue of $604.00 million during the quarter, compared to analyst estimates of $584.50 million. Benchmark Electronics had a return on equity of 5.62% and a net margin of 2.63%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 EPS.
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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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