Benchmark Electronics Inc. (BHE) Insider Jon J. King Sells 22,500 Shares
Benchmark Electronics Inc. (NYSE:BHE) insider Jon J. King sold 22,500 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $27.17, for a total value of $611,325.00. Following the sale, the insider now owns 45,074 shares in the company, valued at $1,224,660.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Benchmark Electronics Inc. (NYSE:BHE) traded up 0.91% during trading on Thursday, reaching $27.60. The company’s stock had a trading volume of 60,205 shares. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 16.37 and a beta of 0.75. The stock’s 50 day moving average price is $25.47 and its 200-day moving average price is $23.17. Benchmark Electronics Inc. has a 52-week low of $18.36 and a 52-week high of $27.80.
Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Benchmark Electronics had a return on equity of 5.23% and a net margin of 3.65%. The firm had revenue of $574 million for the quarter, compared to analysts’ expectations of $584.17 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s revenue was down 8.9% compared to the same quarter last year. Equities analysts anticipate that Benchmark Electronics Inc. will post $1.39 EPS for the current year.
BHE has been the topic of several analyst reports. Zacks Investment Research cut Benchmark Electronics from a “hold” rating to a “strong sell” rating in a report on Monday, October 24th. RBC Capital Markets reiterated a “sector perform” rating and issued a $26.00 target price (up from $24.00) on shares of Benchmark Electronics in a report on Monday, October 24th. B. Riley reiterated a “neutral” rating and issued a $23.00 target price on shares of Benchmark Electronics in a report on Sunday, October 23rd. Cross Research cut 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Benchmark Electronics has an average rating of “Hold” and an average target price of $25.20.
Several institutional investors have recently made changes to their positions in BHE. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Benchmark Electronics by 87.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 210,500 shares of the company’s stock worth $5,251,000 after buying an additional 98,200 shares in the last quarter. Credit Suisse AG boosted its position in shares of Benchmark Electronics by 5.2% in the third quarter. Credit Suisse AG now owns 60,926 shares of the company’s stock worth $1,520,000 after buying an additional 3,025 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Benchmark Electronics by 1,536.0% in the third quarter. Mackenzie Financial Corp now owns 220,293 shares of the company’s stock worth $5,496,000 after buying an additional 206,828 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Benchmark Electronics during the third quarter worth $815,000. Finally, HBK Investments L P boosted its position in shares of Benchmark Electronics by 12.6% in the third quarter. HBK Investments L P now owns 52,800 shares of the company’s stock worth $1,317,000 after buying an additional 5,897 shares in the last quarter. 96.22% of the stock is currently owned by institutional investors.
Benchmark Electronics Company Profile
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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