SG Americas Securities LLC raised its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,620 shares of the technology company’s stock after acquiring an additional 749 shares during the period. SG Americas Securities LLC’s holdings in Benchmark Electronics were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ClariVest Asset Management LLC lifted its stake in Benchmark Electronics by 28.3% during the 2nd quarter. ClariVest Asset Management LLC now owns 208,800 shares of the technology company’s stock valued at $6,744,000 after acquiring an additional 46,000 shares during the period. Rhumbline Advisers lifted its stake in Benchmark Electronics by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 104,188 shares of the technology company’s stock valued at $3,365,000 after acquiring an additional 368 shares during the period. Arizona State Retirement System lifted its stake in Benchmark Electronics by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 25,948 shares of the technology company’s stock valued at $838,000 after acquiring an additional 100 shares during the period. Cigna Investments Inc. New acquired a new stake in Benchmark Electronics during the 2nd quarter valued at approximately $825,000. Finally, Sei Investments Co. lifted its stake in Benchmark Electronics by 0.4% during the 2nd quarter. Sei Investments Co. now owns 22,662 shares of the technology company’s stock valued at $732,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 95.00% of the company’s stock.

Benchmark Electronics, Inc. (NYSE:BHE) opened at 32.60 on Friday. The company has a 50 day moving average of $32.33 and a 200 day moving average of $32.28. The firm has a market capitalization of $1.63 billion, a PE ratio of 23.97 and a beta of 0.52. Benchmark Electronics, Inc. has a 1-year low of $24.01 and a 1-year high of $35.25.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.38 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $577.00 million. During the same period last year, the firm posted $0.31 EPS. Benchmark Electronics’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts forecast that Benchmark Electronics, Inc. will post $1.49 EPS for the current year.

Several equities analysts recently issued reports on BHE shares. Needham & Company LLC boosted their target price on shares of Benchmark Electronics from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. BidaskClub cut shares of Benchmark Electronics from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada boosted their target price on shares of Benchmark Electronics from $33.00 to $37.00 and gave the company a “sector perform” rating in a research note on Thursday, July 20th. 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 note on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $33.25.

In related news, Director Douglas G. Duncan sold 5,922 shares of Benchmark Electronics stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $31.91, for a total value of $188,971.02. Following the transaction, the director now directly owns 30,524 shares in the company, valued at approximately $974,020.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Scott R. Peterson sold 1,000 shares of Benchmark Electronics 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 completion of the transaction, the vice president now owns 18,893 shares in the company, valued at $605,709.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,494 shares of company stock worth $2,289,850. 0.90% of the stock is currently owned by insiders.

TRADEMARK VIOLATION NOTICE: “SG Americas Securities LLC Increases Holdings in Benchmark Electronics, Inc. (BHE)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of U.S. & international copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/17/sg-americas-securities-llc-increases-holdings-in-benchmark-electronics-inc-bhe.html.

Benchmark Electronics Profile

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.

Want to see what other hedge funds are holding BHE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Benchmark Electronics, Inc. (NYSE:BHE).

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

Receive News & Stock Ratings for Benchmark Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benchmark Electronics Inc. and related stocks with our FREE daily email newsletter.