Benchmark Electronics Inc. (NYSE:BHE) Director Douglas G. Duncan sold 40,000 shares of Benchmark Electronics stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $28.77, for a total value of $1,150,800.00. Following the completion of the transaction, the director now owns 41,774 shares of the company’s stock, valued at $1,201,837.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Benchmark Electronics Inc. (NYSE:BHE) traded up 0.52% during mid-day trading on Tuesday, hitting $28.85. The stock had a trading volume of 274,198 shares. Benchmark Electronics Inc. has a one year low of $18.36 and a one year high of $29.15. The stock has a market cap of $1.41 billion, a P/E ratio of 17.11 and a beta of 0.75. The company has a 50 day moving average price of $26.14 and a 200 day moving average price of $23.68.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business earned $574 million during the quarter, compared to the consensus estimate of $584.17 million. Benchmark Electronics had a return on equity of 5.23% and a net margin of 3.65%. The business’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. On average, equities analysts anticipate that Benchmark Electronics Inc. will post $1.39 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in BHE. Cornerstone Capital Management Holdings LLC. increased its stake in 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 during the last quarter. Credit Suisse AG increased its stake 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 valued at $1,520,000 after buying an additional 3,025 shares in the last quarter. Mackenzie Financial Corp increased its stake 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 valued at $5,496,000 after buying an additional 206,828 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Benchmark Electronics during the third quarter valued at about $815,000. Finally, HBK Investments L P increased its stake 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 valued at $1,317,000 after buying an additional 5,897 shares in the last quarter. Institutional investors and hedge funds own 97.26% of the company’s stock.

A number of brokerages have issued reports on BHE. Zacks Investment Research downgraded Benchmark Electronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 21st. B. Riley reaffirmed a “neutral” rating and set a $23.00 price target on shares of Benchmark Electronics in a report on Tuesday, October 18th. Needham & Company LLC lifted their price target on Benchmark Electronics from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 21st. Cross Research downgraded Benchmark Electronics from a “hold” rating to a “sell” rating in a report on Friday, October 21st. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $26.00 price target (up from $24.00) on shares of Benchmark Electronics in a report on Monday, October 24th. 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 stock. The company has a consensus rating of “Hold” and a consensus target price of $25.20.

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.

5 Day Chart for NYSE:BHE

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