Dimensional Fund Advisors LP Has $143.22 Million Position in Benchmark Electronics, Inc. (BHE)
Dimensional Fund Advisors LP increased its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,193,935 shares of the technology company’s stock after acquiring an additional 3,335 shares during the period. Dimensional Fund Advisors LP owned about 8.44% of Benchmark Electronics worth $143,224,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of BHE. Aperio Group LLC raised its holdings in shares of Benchmark Electronics by 15.9% in the 2nd quarter. Aperio Group LLC now owns 25,507 shares of the technology company’s stock worth $824,000 after acquiring an additional 3,496 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Benchmark Electronics by 4.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,720 shares of the technology company’s stock worth $379,000 after acquiring an additional 550 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Benchmark Electronics by 3.3% in the 2nd quarter. Great West Life Assurance Co. Can now owns 73,163 shares of the technology company’s stock worth $2,359,000 after acquiring an additional 2,350 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Benchmark Electronics in the 2nd quarter worth about $203,000. Finally, Texas Permanent School Fund raised its holdings in shares of Benchmark Electronics by 1.1% in the 2nd quarter. Texas Permanent School Fund now owns 36,313 shares of the technology company’s stock worth $1,173,000 after acquiring an additional 382 shares during the last quarter. Institutional investors own 94.88% of the company’s stock.
Benchmark Electronics, Inc. (BHE) traded down $0.30 during trading hours on Friday, reaching $29.25. 252,900 shares of the company’s stock traded hands, compared to its average volume of 303,607. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.66 and a current ratio of 3.60. The stock has a market cap of $1,469.32, a price-to-earnings ratio of 18.94 and a beta of 0.49. Benchmark Electronics, Inc. has a 52-week low of $29.15 and a 52-week high of $35.80.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, October 18th. The technology company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The firm had revenue of $604.00 million during the quarter, compared to analyst estimates of $584.50 million. Benchmark Electronics had a net margin of 2.63% and a return on equity of 5.62%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.36 EPS.
A number of equities research analysts recently weighed in on the stock. Needham & Company LLC lowered shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. TheStreet lowered shares of Benchmark Electronics from a “b” rating to a “c+” rating in a report on Monday, November 13th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $36.67.
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Benchmark Electronics 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.
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