Allianz Asset Management GmbH boosted its position in Benchmark Electronics, Inc. (NYSE:BHE) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,178 shares of the technology company’s stock after purchasing an additional 20,957 shares during the period. Allianz Asset Management GmbH owned about 0.35% of Benchmark Electronics worth $6,016,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in BHE. Hancock Holding Co. purchased a new position in Benchmark Electronics in the second quarter worth about $7,210,000. JPMorgan Chase & Co. grew its holdings in Benchmark Electronics by 8.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,656,154 shares of the technology company’s stock valued at $85,795,000 after buying an additional 201,945 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Benchmark Electronics by 2.8% in the 2nd quarter. BlackRock Inc. now owns 6,276,449 shares of the technology company’s stock worth $202,730,000 after purchasing an additional 173,604 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Benchmark Electronics by 35.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 513,366 shares of the technology company’s stock valued at $16,582,000 after acquiring an additional 134,986 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Benchmark Electronics by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,650,069 shares of the technology company’s stock valued at $150,198,000 after acquiring an additional 121,337 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on BHE shares. TheStreet cut Benchmark Electronics from a “b” rating to a “c+” rating in a 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. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $36.67.
Shares of Benchmark Electronics, Inc. (NYSE BHE) traded up $0.30 during midday trading on Thursday, reaching $30.25. The company’s stock had a trading volume of 276,632 shares, compared to its average volume of 333,517. The company has a current ratio of 3.60, a quick ratio of 2.66 and a debt-to-equity ratio of 0.14. The company has a market cap of $1,510.00, a price-to-earnings ratio of 24.01 and a beta of 0.50. Benchmark Electronics, Inc. has a 1-year low of $28.75 and a 1-year 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, topping 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 return on equity of 5.62% and a net margin of 2.63%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous 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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