Alliancebernstein L.P. trimmed its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 2.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,282 shares of the technology company’s stock after selling 3,600 shares during the period. Alliancebernstein L.P. owned 0.35% of Benchmark Electronics worth $5,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Benchmark Electronics by 43,795.9% during the first quarter. BlackRock Inc. now owns 6,102,845 shares of the technology company’s stock valued at $194,070,000 after purchasing an additional 6,088,942 shares in the last quarter. Morgan Stanley lifted its holdings in Benchmark Electronics by 111.8% during the first quarter. Morgan Stanley now owns 375,217 shares of the technology company’s stock valued at $11,932,000 after purchasing an additional 198,078 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its holdings in Benchmark Electronics by 3.3% during the second quarter. Eagle Boston Investment Management Inc. now owns 223,062 shares of the technology company’s stock valued at $7,204,000 after purchasing an additional 7,069 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Benchmark Electronics by 5.1% during the first quarter. Geode Capital Management LLC now owns 642,740 shares of the technology company’s stock valued at $20,439,000 after purchasing an additional 31,227 shares in the last quarter. Finally, State Street Corp lifted its holdings in Benchmark Electronics by 0.8% during the first quarter. State Street Corp now owns 1,345,668 shares of the technology company’s stock valued at $42,792,000 after purchasing an additional 11,303 shares in the last quarter. 94.98% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on BHE. Royal Bank Of Canada increased their price objective on shares of Benchmark Electronics from $33.00 to $37.00 and gave the company a “sector perform” rating in a report on Thursday, July 20th. Needham & Company LLC increased their price objective on shares of Benchmark Electronics from $34.00 to $37.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. 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. Finally, BidaskClub cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Benchmark Electronics has an average rating of “Hold” and an average price target of $33.25.

In related news, Director Douglas G. Duncan sold 5,922 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $31.91, for a total value of $188,971.02. Following the sale, 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 Securities & Exchange Commission, which is available through this link. Also, CFO Donald Francis Adam sold 61,572 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $33.60, for a total transaction of $2,068,819.20. Following the completion of the sale, the chief financial officer now owns 112,856 shares in the company, valued at $3,791,961.60. The disclosure for this sale can be found here. Insiders sold a total of 68,494 shares of company stock worth $2,289,850 over the last quarter. Insiders own 0.90% of the company’s stock.

Shares of Benchmark Electronics, Inc. (NYSE:BHE) opened at 34.15 on Friday. The firm has a market capitalization of $1.70 billion, a PE ratio of 25.11 and a beta of 0.52. The stock has a 50 day moving average of $32.33 and a 200-day moving average of $32.32. Benchmark Electronics, Inc. has a 12 month low of $24.25 and a 12 month high of $35.25.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Wednesday, July 19th. The technology company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. Benchmark Electronics had a net margin of 2.84% and a return on equity of 5.59%. The business had revenue of $616.90 million for the quarter, compared to analyst estimates of $577.00 million. During the same period in the previous year, the firm earned $0.31 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Benchmark Electronics, Inc. will post $1.49 EPS for the current fiscal year.

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Benchmark Electronics Company 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.

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

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