Benchmark Electronics Inc. (BHE) CFO Donald Francis Adam Sells 20,000 Shares
Benchmark Electronics Inc. (NYSE:BHE) CFO Donald Francis Adam sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $27.37, for a total value of $547,400.00. Following the transaction, the chief financial officer now owns 98,841 shares of the company’s stock, valued at approximately $2,705,278.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Benchmark Electronics Inc. (NYSE:BHE) traded up 0.18% during midday trading on Wednesday, reaching $27.35. The company had a trading volume of 244,057 shares. The firm’s 50 day moving average price is $25.41 and its 200-day moving average price is $23.14. Benchmark Electronics Inc. has a 1-year low of $18.36 and a 1-year high of $27.80. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 16.22 and a beta of 0.75.
Benchmark Electronics (NYSE:BHE) last announced its earnings results on Thursday, October 20th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. The firm earned $574 million during the quarter, compared to analysts’ expectations of $584.17 million. Benchmark Electronics had a return on equity of 5.23% and a net margin of 3.65%. The company’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. Equities research analysts expect that Benchmark Electronics Inc. will post $1.39 EPS for the current fiscal year.
A number of equities analysts recently commented on the company. B. Riley restated a “neutral” rating and set a $23.00 target price on shares of Benchmark Electronics in a report on Wednesday, November 2nd. Zacks Investment Research downgraded Benchmark Electronics from a “hold” rating to a “strong sell” rating in a report on Monday, October 24th. RBC Capital Markets restated a “sector perform” rating and set a $26.00 target price (up previously from $24.00) on shares of Benchmark Electronics in a report on Monday, October 24th. Cross Research downgraded Benchmark Electronics from a “hold” rating to a “sell” rating in a report on Friday, October 21st. Finally, Needham & Company LLC upped their target price on Benchmark Electronics from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Benchmark Electronics currently has an average rating of “Hold” and an average price target of $25.20.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Benchmark Electronics by 2.1% in the second quarter. Vanguard Group Inc. now owns 4,071,733 shares of the company’s stock worth $86,118,000 after buying an additional 84,702 shares during the period. BlackRock Fund Advisors boosted its position in shares of Benchmark Electronics by 7.9% in the third quarter. BlackRock Fund Advisors now owns 3,476,618 shares of the company’s stock worth $86,742,000 after buying an additional 255,845 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Benchmark Electronics by 20.5% in the second quarter. JPMorgan Chase & Co. now owns 2,026,524 shares of the company’s stock worth $42,861,000 after buying an additional 344,807 shares during the period. LSV Asset Management boosted its position in shares of Benchmark Electronics by 2.9% in the third quarter. LSV Asset Management now owns 1,946,955 shares of the company’s stock worth $48,576,000 after buying an additional 54,900 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Benchmark Electronics by 11.1% in the second quarter. Victory Capital Management Inc. now owns 1,649,564 shares of the company’s stock worth $34,889,000 after buying an additional 165,450 shares during the period. Hedge funds and other institutional investors own 96.22% of the company’s stock.
About Benchmark Electronics
Benchmark Electronics, Inc is a provider of integrated electronic manufacturing services. The Company 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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