Mason Street Advisors LLC Acquires 924 Shares of Benchmark Electronics, Inc. (BHE)
Mason Street Advisors LLC increased its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,605 shares of the technology company’s stock after buying an additional 924 shares during the period. Mason Street Advisors LLC’s holdings in Benchmark Electronics were worth $369,000 as of its most recent filing with the SEC.
Other hedge funds also recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in Benchmark Electronics during the fourth quarter worth about $285,000. Guggenheim Capital LLC raised its position in shares of Benchmark Electronics by 0.9% in the fourth quarter. Guggenheim Capital LLC now owns 169,165 shares of the technology company’s stock worth $5,159,000 after buying an additional 1,490 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Benchmark Electronics by 6.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 26,600 shares of the technology company’s stock worth $811,000 after buying an additional 1,700 shares in the last quarter. Meritage Portfolio Management acquired a new position in shares of Benchmark Electronics during the first quarter worth $2,769,000. Finally, Acadian Asset Management LLC raised its position in shares of Benchmark Electronics by 44.7% in the first quarter. Acadian Asset Management LLC now owns 1,023,693 shares of the technology company’s stock worth $32,553,000 after buying an additional 316,215 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) opened at 33.20 on Tuesday. The company’s 50-day moving average price is $32.51 and its 200 day moving average price is $31.42. Benchmark Electronics, Inc. has a one year low of $20.09 and a one year high of $34.45. The stock has a market capitalization of $1.65 billion, a PE ratio of 26.35 and a beta of 0.51.
Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings results on Wednesday, April 19th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $566.50 million during the quarter, compared to analyst estimates of $540.50 million. Benchmark Electronics had a return on equity of 5.38% and a net margin of 2.69%. Benchmark Electronics’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 earnings per share. Analysts anticipate that Benchmark Electronics, Inc. will post $1.47 EPS for the current year.
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Separately, BidaskClub lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.50.
In related news, insider Jon J. King sold 24,627 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $31.40, for a total value of $773,287.80. Following the completion of the transaction, the insider now owns 51,848 shares of the company’s stock, valued at $1,628,027.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% 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.
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