Benchmark Electronics, Inc. (NYSE:BHE) Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its position in shares of Benchmark Electronics, Inc. (NYSE:BHEFree Report) by 36.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 902,475 shares of the technology company’s stock after purchasing an additional 243,480 shares during the quarter. First Trust Advisors LP owned approximately 2.53% of Benchmark Electronics worth $24,944,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Benchmark Electronics by 3.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,102 shares of the technology company’s stock worth $24,658,000 after buying an additional 30,941 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Benchmark Electronics by 16.7% in the 4th quarter. First Eagle Investment Management LLC now owns 291,592 shares of the technology company’s stock valued at $8,060,000 after acquiring an additional 41,783 shares during the period. Deutsche Bank AG raised its position in Benchmark Electronics by 1.3% in the 3rd quarter. Deutsche Bank AG now owns 142,132 shares of the technology company’s stock valued at $3,448,000 after purchasing an additional 1,779 shares during the last quarter. Trust Point Inc. acquired a new stake in Benchmark Electronics during the 4th quarter worth $445,000. Finally, Nicola Wealth Management LTD. grew its position in Benchmark Electronics by 28.2% during the 4th quarter. Nicola Wealth Management LTD. now owns 104,600 shares of the technology company’s stock worth $2,891,000 after purchasing an additional 23,000 shares during the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.

Benchmark Electronics Trading Up 0.7 %

NYSE BHE opened at $40.77 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.47 billion, a P/E ratio of 22.28 and a beta of 1.03. Benchmark Electronics, Inc. has a 52-week low of $22.66 and a 52-week high of $44.85. The firm has a 50-day moving average price of $36.26 and a 200 day moving average price of $31.05.

Benchmark Electronics (NYSE:BHEGet Free Report) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.05. Benchmark Electronics had a return on equity of 7.20% and a net margin of 2.34%. The business had revenue of $675.58 million during the quarter.

Insiders Place Their Bets

In other news, Director Jeffrey Stephen Mccreary sold 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $39.49, for a total value of $394,900.00. Following the completion of the transaction, the director now owns 45,062 shares in the company, valued at approximately $1,779,498.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Jan M. Janick sold 6,777 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $38.87, for a total value of $263,421.99. Following the completion of the transaction, the senior vice president now owns 67,774 shares in the company, valued at $2,634,375.38. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey Stephen Mccreary sold 10,000 shares of Benchmark Electronics stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total value of $394,900.00. Following the transaction, the director now directly owns 45,062 shares of the company’s stock, valued at approximately $1,779,498.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,560 shares of company stock worth $688,374. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BHE. Fox Advisors cut shares of Benchmark Electronics from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 15th. Sidoti downgraded Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Monday, April 29th. Needham & Company LLC boosted their target price on Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, StockNews.com downgraded Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, June 5th.

Get Our Latest Analysis on Benchmark Electronics

Benchmark Electronics Profile

(Free Report)

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.

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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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