Bailard Inc. bought a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,900 shares of the technology company’s stock, valued at approximately $783,000. Bailard Inc. owned about 0.05% of Benchmark Electronics at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas purchased a new stake in Benchmark Electronics during the 4th quarter valued at $504,000. Heartland Advisors Inc. raised its stake in Benchmark Electronics by 17.0% during the 4th quarter. Heartland Advisors Inc. now owns 352,711 shares of the technology company’s stock valued at $10,264,000 after buying an additional 51,285 shares during the last quarter. Alambic Investment Management L.P. raised its stake in Benchmark Electronics by 32.7% during the 4th quarter. Alambic Investment Management L.P. now owns 15,000 shares of the technology company’s stock valued at $437,000 after buying an additional 3,700 shares during the last quarter. Victory Capital Management Inc. raised its stake in Benchmark Electronics by 2.8% during the 4th quarter. Victory Capital Management Inc. now owns 834,727 shares of the technology company’s stock valued at $24,290,000 after buying an additional 22,759 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Benchmark Electronics during the 4th quarter valued at $3,139,000. Institutional investors and hedge funds own 90.53% of the company’s stock.
Shares of Benchmark Electronics, Inc. (NYSE BHE) opened at $29.70 on Friday. The firm has a market cap of $1,470.00, a price-to-earnings ratio of 22.57 and a beta of 0.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.55 and a current ratio of 3.38. Benchmark Electronics, Inc. has a 12 month low of $27.05 and a 12 month high of $35.80.
Benchmark Electronics (NYSE:BHE) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.12. The business had revenue of $679.86 million during the quarter. Benchmark Electronics had a negative net margin of 1.30% and a positive return on equity of 5.83%.
Separately, TheStreet lowered shares of Benchmark Electronics from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus 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.
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