Municipal Employees Retirement System of Michigan increased its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 59.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,660 shares of the technology company’s stock after acquiring an additional 6,940 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Benchmark Electronics were worth $637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its position in Benchmark Electronics by 8.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock valued at $142,000 after purchasing an additional 346 shares during the last quarter. Riverhead Capital Management LLC raised its position in Benchmark Electronics by 71.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,663 shares of the technology company’s stock valued at $183,000 after purchasing an additional 2,363 shares during the last quarter. Flinton Capital Management LLC raised its position in Benchmark Electronics by 70.7% during the 2nd quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock valued at $186,000 after purchasing an additional 2,380 shares during the last quarter. CIBC Asset Management Inc bought a new position in Benchmark Electronics during the 2nd quarter valued at approximately $203,000. Finally, Amalgamated Bank raised its position in Benchmark Electronics by 1.7% during the 2nd quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock valued at $220,000 after purchasing an additional 115 shares during the last quarter. 94.97% of the stock is owned by institutional investors.

In other Benchmark Electronics news, VP Scott R. Peterson sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $32.06, for a total transaction of $32,060.00. Following the transaction, the vice president now owns 18,893 shares in the company, valued at approximately $605,709.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Benchmark Electronics, Inc. (BHE) opened at $30.00 on Friday. The company has a market capitalization of $1,516.55, a P/E ratio of 19.55 and a beta of 0.49. The company has a current ratio of 3.60, a quick ratio of 2.66 and a debt-to-equity ratio of 0.14. Benchmark Electronics, Inc. has a 52-week low of $27.60 and a 52-week high of $35.80.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, October 18th. The technology company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The business had revenue of $604.00 million during the quarter, compared to analyst estimates of $584.50 million. Benchmark Electronics had a return on equity of 5.62% and a net margin of 2.63%. Benchmark Electronics’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 EPS.

BHE has been the subject of a number of recent analyst reports. TheStreet lowered Benchmark Electronics from a “b” rating to a “c+” rating in a research report on Monday, November 13th. Needham & Company LLC lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. Finally, BidaskClub lowered Benchmark Electronics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.67.

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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.

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

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