Ameriprise Financial Inc. trimmed its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 17.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 580,484 shares of the technology company’s stock after selling 125,968 shares during the quarter. Ameriprise Financial Inc. owned about 1.16% of Benchmark Electronics worth $19,823,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. ClariVest Asset Management LLC grew its holdings in Benchmark Electronics by 3.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 215,900 shares of the technology company’s stock worth $7,372,000 after buying an additional 7,100 shares in the last quarter. SG Americas Securities LLC boosted its stake in Benchmark Electronics by 162.7% during the 3rd quarter. SG Americas Securities LLC now owns 22,649 shares of the technology company’s stock valued at $773,000 after purchasing an additional 14,029 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Benchmark Electronics by 9.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 558,278 shares of the technology company’s stock valued at $19,065,000 after purchasing an additional 50,119 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Benchmark Electronics during the 3rd quarter valued at $1,884,000. Finally, Rhumbline Advisers boosted its stake in Benchmark Electronics by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 105,938 shares of the technology company’s stock valued at $3,618,000 after purchasing an additional 1,750 shares in the last quarter. 94.88% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on BHE. Needham & Company LLC lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, October 19th. TheStreet lowered Benchmark Electronics from a “b” rating to a “c+” rating in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Benchmark Electronics presently has a consensus rating of “Hold” and an average price target of $36.67.
Benchmark Electronics, Inc. (NYSE BHE) opened at $29.45 on Monday. 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 capitalization of $1,464.34, a price-to-earnings ratio of 18.88 and a beta of 0.49. Benchmark Electronics, Inc. has a one year low of $29.00 and a one year high of $35.80.
Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, October 18th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 5.62% and a net margin of 2.63%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS.
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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.
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