Scott R. Peterson Sells 1,000 Shares of Benchmark Electronics, Inc. (BHE) Stock
Benchmark Electronics, Inc. (NYSE:BHE) VP Scott R. Peterson sold 1,000 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $32.06, for a total transaction of $32,060.00. Following the transaction, the vice president now owns 18,893 shares of the company’s stock, valued at $605,709.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) remained flat at $31.95 during trading on Friday. 109,909 shares of the stock traded hands. The company has a market cap of $1.60 billion, a PE ratio of 23.49 and a beta of 0.52. The company has a 50 day moving average price of $32.51 and a 200-day moving average price of $32.28. Benchmark Electronics, Inc. has a 12 month low of $23.22 and a 12 month high of $35.25.
Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. Benchmark Electronics had a net margin of 2.84% and a return on equity of 5.59%. The firm had revenue of $616.90 million during the quarter, compared to analysts’ expectations of $577 million. During the same period in the previous year, the company earned $0.31 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Benchmark Electronics, Inc. will post $1.49 EPS for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Benchmark Electronics during the 2nd quarter worth about $593,000. Piedmont Investment Advisors LLC bought a new stake in Benchmark Electronics during the 2nd quarter valued at about $347,000. Sterling Capital Management LLC lifted its holdings in Benchmark Electronics by 8.7% during the 2nd quarter. Sterling Capital Management LLC now owns 38,079 shares of the technology company’s stock valued at $1,230,000 after buying an additional 3,034 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Benchmark Electronics by 8.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock valued at $142,000 after buying an additional 346 shares in the last quarter. Finally, CS Mckee LP lifted its holdings in Benchmark Electronics by 0.5% during the 2nd quarter. CS Mckee LP now owns 40,900 shares of the technology company’s stock valued at $1,321,000 after buying an additional 200 shares in the last quarter. 95.00% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on BHE shares. BidaskClub lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Royal Bank Of Canada upped their target price on shares of Benchmark Electronics from $33.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 20th. Needham & Company LLC upped their target price on shares of Benchmark Electronics from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $36.00 target price (up from $32.00) on shares of Benchmark Electronics in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Benchmark Electronics presently has an average rating of “Hold” and an average target price of $33.25.
About Benchmark Electronics
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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