Nationwide Fund Advisors Has $4,415,000 Stake in Benchmark Electronics, Inc. (BHE)
Nationwide Fund Advisors cut its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,955 shares of the company’s stock after selling 11,376 shares during the period. Nationwide Fund Advisors owned 0.36% of Benchmark Electronics worth $4,415,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its stake in Benchmark Electronics by 10.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 4,721 shares of the company’s stock valued at $100,000 after buying an additional 451 shares during the period. Schroder Investment Management Group raised its stake in Benchmark Electronics by 122.2% in the second quarter. Schroder Investment Management Group now owns 6,000 shares of the company’s stock valued at $127,000 after buying an additional 3,300 shares during the period. PineBridge Investments L.P. raised its stake in Benchmark Electronics by 5.3% in the second quarter. PineBridge Investments L.P. now owns 6,254 shares of the company’s stock valued at $132,000 after buying an additional 316 shares during the period. Pacad Investment Ltd. purchased a new stake in Benchmark Electronics during the second quarter valued at $168,000. Finally, Mason Street Advisors LLC purchased a new stake in Benchmark Electronics during the second quarter valued at $204,000. Institutional investors own 97.22% of the company’s stock.
Benchmark Electronics, Inc. (NYSE:BHE) opened at 30.80 on Friday. The company has a 50-day moving average of $29.93 and a 200-day moving average of $25.74. Benchmark Electronics, Inc. has a 52-week low of $18.54 and a 52-week high of $31.30. The company has a market cap of $1.51 billion, a P/E ratio of 18.27 and a beta of 0.81.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Thursday, October 20th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Benchmark Electronics had a net margin of 3.65% and a return on equity of 5.23%. The company had revenue of $574 million for the quarter, compared to analyst estimates of $584.17 million. During the same period in the prior year, the firm posted $0.41 EPS. The company’s quarterly revenue was down 8.9% on a year-over-year basis. On average, equities research analysts expect that Benchmark Electronics, Inc. will post $1.39 earnings per share for the current fiscal year.
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Several research firms have weighed in on BHE. B. Riley reiterated a “neutral” rating and issued a $23.00 target price on shares of Benchmark Electronics in a report on Wednesday, November 2nd. RBC Capital Markets reiterated a “sector perform” rating and issued a $26.00 target price (up from $24.00) on shares of Benchmark Electronics in a report on Monday, October 24th. Zacks Investment Research upgraded shares of Benchmark Electronics from a “sell” rating to a “hold” rating in a report on Wednesday, December 21st. Needham & Company LLC raised their price objective on shares of Benchmark Electronics from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, October 21st. Finally, Cross Research lowered shares of Benchmark Electronics from a “hold” rating to a “sell” rating in a report on Friday, October 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.20.
In other news, CFO Donald Francis Adam sold 20,000 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $27.37, for a total value of $547,400.00. Following the sale, the chief financial officer now directly owns 98,841 shares of the company’s stock, valued at approximately $2,705,278.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Douglas G. Duncan sold 40,000 shares of the company’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $28.77, for a total transaction of $1,150,800.00. Following the completion of the sale, the director now directly owns 41,774 shares in the company, valued at $1,201,837.98. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of integrated electronic manufacturing services. The Company 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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