Johanson Financial Advisors Inc. bought a new position in Benchmark Electronics, Inc. (NYSE:BHE) during the first quarter, Holdings Channel reports. The institutional investor bought 9,353 shares of the technology company’s stock, valued at approximately $297,000.
Other institutional investors have also recently made changes to their positions in the company. Tyers Asset Management LLC purchased a new position in shares of Benchmark Electronics during the fourth quarter worth approximately $101,000. Flinton Capital Management LLC purchased a new position in shares of Benchmark Electronics during the fourth quarter worth approximately $122,000. KBC Group NV increased its position in shares of Benchmark Electronics by 138.0% in the third quarter. KBC Group NV now owns 5,921 shares of the technology company’s stock worth $148,000 after buying an additional 3,433 shares in the last quarter. Suntrust Banks Inc. purchased a new position in shares of Benchmark Electronics during the third quarter worth approximately $200,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Benchmark Electronics during the fourth quarter worth approximately $208,000. Institutional investors and hedge funds own 99.15% of the company’s stock.
Shares of Benchmark Electronics, Inc. (NYSE:BHE) traded up 3.772% during midday trading on Thursday, hitting $32.325. The stock had a trading volume of 533,832 shares. Benchmark Electronics, Inc. has a one year low of $18.54 and a one year high of $33.45. The firm has a 50 day moving average price of $31.44 and a 200 day moving average price of $29.48. The stock has a market cap of $1.60 billion, a PE ratio of 25.058 and a beta of 0.65.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Wednesday, April 19th. The technology company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.08. Benchmark Electronics had a return on equity of 5.14% and a net margin of 2.77%. The firm had revenue of $566.50 million for the quarter, compared to the consensus estimate of $540.50 million. During the same period in the previous year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts forecast that Benchmark Electronics, Inc. will post $1.50 earnings per share for the current fiscal year.
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A number of brokerages have recently weighed in on BHE. Zacks Investment Research upgraded Benchmark Electronics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 21st. Needham & Company LLC boosted their price target on Benchmark Electronics from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, February 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.50.
In other news, CFO Donald Francis Adam sold 20,000 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $32.15, for a total value of $643,000.00. Following the completion of the transaction, the chief financial officer now directly owns 85,539 shares of the company’s stock, valued at $2,750,078.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Scott R. Peterson sold 7,104 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $32.03, for a total value of $227,541.12. Following the completion of the transaction, the vice president now directly owns 23,769 shares of the company’s stock, valued at $761,321.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,104 shares of company stock valued at $1,528,141. 2.40% of the stock is currently owned by insiders.
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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