Two Sigma Investments LP purchased a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,358 shares of the technology company’s stock, valued at approximately $285,000.
Other institutional investors also recently made changes to their positions in the company. Tyers Asset Management LLC bought a new position in shares of Benchmark Electronics during the fourth quarter valued at $101,000. Flinton Capital Management LLC acquired a new stake in Benchmark Electronics during the fourth quarter valued at about $122,000. KBC Group NV raised its stake in Benchmark Electronics by 138.0% in the third quarter. KBC Group NV now owns 5,921 shares of the technology company’s stock valued at $148,000 after buying an additional 3,433 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in Benchmark Electronics during the fourth quarter valued at about $208,000. Finally, GSA Capital Partners LLP acquired a new stake in Benchmark Electronics during the fourth quarter valued at about $215,000. Institutional investors own 99.15% of the company’s stock.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) opened at 32.10 on Friday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 24.88 and a beta of 0.65. Benchmark Electronics, Inc. has a 1-year low of $19.00 and a 1-year high of $33.44. The company’s 50-day moving average price is $31.44 and its 200 day moving average price is $29.49.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, April 19th. The technology company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.08. Benchmark Electronics had a net margin of 2.77% and a return on equity of 5.14%. The business earned $566.50 million during the quarter, compared to the consensus estimate of $540.50 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts predict that Benchmark Electronics, Inc. will post $1.50 earnings per share for the current fiscal year.
Separately, Needham & Company LLC lifted their price objective on Benchmark Electronics from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.50.
In other news, Director Clay C. Williams sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $32.88, for a total transaction of $657,600.00. Following the completion of the sale, the director now owns 53,785 shares of the company’s stock, valued at $1,768,450.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott R. Peterson sold 7,104 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $32.03, for a total transaction of $227,541.12. Following the sale, the vice president now directly owns 23,769 shares of the company’s stock, valued at approximately $761,321.07. The disclosure for this sale can be found here. Insiders have sold 47,104 shares of company stock valued at $1,528,141 over the last quarter. Insiders own 2.40% of the company’s stock.
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.