Victory Capital Management Inc. grew its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 834,727 shares of the technology company’s stock after buying an additional 22,759 shares during the period. Victory Capital Management Inc. owned 1.68% of Benchmark Electronics worth $24,290,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in Benchmark Electronics by 8.6% during the second quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock worth $142,000 after purchasing an additional 346 shares in the last quarter. Flinton Capital Management LLC grew its position in Benchmark Electronics by 70.7% in the second quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock worth $186,000 after buying an additional 2,380 shares during the last quarter. Amalgamated Bank grew its position in Benchmark Electronics by 1.7% in the second quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock worth $220,000 after buying an additional 115 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Benchmark Electronics in the third quarter worth approximately $230,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Benchmark Electronics in the second quarter worth approximately $237,000. 90.48% of the stock is currently owned by institutional investors.
Separately, TheStreet cut shares of Benchmark Electronics from a “b” rating to a “c+” rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.67.
Benchmark Electronics, Inc. (NYSE BHE) traded down $0.05 during midday trading on Monday, reaching $29.70. 822,800 shares of the company were exchanged, compared to its average volume of 427,430. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.55 and a current ratio of 3.38. The company has a market capitalization of $1,480.00, a PE ratio of 22.67 and a beta of 0.44. Benchmark Electronics, Inc. has a twelve month low of $27.05 and a twelve month high of $35.80.
Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.12. Benchmark Electronics had a negative net margin of 1.30% and a positive return on equity of 5.83%. The firm had revenue of $679.86 million for the quarter.
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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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