Benchmark Electronics, Inc. (NYSE:BHE) insider Jon J. King sold 24,627 shares of the firm’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $31.40, for a total value of $773,287.80. Following the completion of the sale, the insider now directly owns 51,848 shares of the company’s stock, valued at $1,628,027.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) traded up 1.11% during trading on Tuesday, hitting $32.00. The stock had a trading volume of 317,763 shares. Benchmark Electronics, Inc. has a 1-year low of $19.00 and a 1-year high of $33.44. The firm has a market capitalization of $1.58 billion, a P/E ratio of 25.40 and a beta of 0.65. The stock’s 50-day moving average price is $31.43 and its 200 day moving average price is $29.65.
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 consensus estimate of $0.26 by $0.08. The firm earned $566.50 million during the quarter, compared to analyst estimates of $540.50 million. Benchmark Electronics had a return on equity of 5.14% and a net margin of 2.77%. Benchmark Electronics’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. On average, analysts anticipate that Benchmark Electronics, Inc. will post $1.45 earnings per share for the current year.
Separately, Needham & Company LLC raised their target price on Benchmark Electronics from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Benchmark Electronics has an average rating of “Hold” and a consensus target price of $27.50.
Several large investors have recently bought and sold shares of BHE. Tyers Asset Management LLC bought a new stake in Benchmark Electronics during the fourth quarter valued at approximately $101,000. Flinton Capital Management LLC bought a new stake in Benchmark Electronics during the fourth quarter valued at approximately $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 during the period. State of Alaska Department of Revenue raised its stake in Benchmark Electronics by 3.4% in the first quarter. State of Alaska Department of Revenue now owns 5,480 shares of the technology company’s stock valued at $174,000 after buying an additional 180 shares during the period. Finally, Suntrust Banks Inc. bought a new stake in Benchmark Electronics during the third quarter valued at approximately $200,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.
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.