Heartland Advisors Inc. purchased a new stake in shares of Benchmark Electronics Inc. (NYSE:BHE) during the third quarter, Holdings Channel reports. The institutional investor purchased 153,610 shares of the company’s stock, valued at approximately $3,833,000.

Several other large investors have also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Benchmark Electronics by 5.0% in the first quarter. State Street Corp now owns 1,224,445 shares of the company’s stock valued at $28,221,000 after buying an additional 57,814 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Benchmark Electronics by 91.9% in the first quarter. Renaissance Technologies LLC now owns 519,200 shares of the company’s stock valued at $11,968,000 after buying an additional 248,600 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Benchmark Electronics by 97.1% in the second quarter. BNP Paribas Arbitrage SA now owns 16,965 shares of the company’s stock valued at $359,000 after buying an additional 8,358 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in shares of Benchmark Electronics by 12.6% in the second quarter. Eqis Capital Management Inc. now owns 12,366 shares of the company’s stock valued at $262,000 after buying an additional 1,383 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its stake in shares of Benchmark Electronics by 2.9% in the second quarter. Eagle Boston Investment Management Inc. now owns 203,227 shares of the company’s stock valued at $4,298,000 after buying an additional 5,779 shares in the last quarter. 97.26% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

Benchmark Electronics Inc. (NYSE:BHE) traded up 0.52% on Tuesday, hitting $28.85. 274,198 shares of the company were exchanged. Benchmark Electronics Inc. has a 52 week low of $18.36 and a 52 week high of $29.15. The firm’s 50 day moving average is $26.12 and its 200 day moving average is $23.65. The company has a market capitalization of $1.41 billion, a P/E ratio of 17.11 and a beta of 0.75.

Benchmark Electronics (NYSE:BHE) last posted its earnings results on Thursday, October 20th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.01. Benchmark Electronics had a net margin of 3.65% and a return on equity of 5.23%. The company earned $574 million during the quarter, compared to analysts’ expectations of $584.17 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. Benchmark Electronics’s revenue for the quarter was down 8.9% compared to the same quarter last year. On average, equities research analysts forecast that Benchmark Electronics Inc. will post $1.39 earnings per share for the current fiscal year.

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Several equities research analysts recently issued reports on BHE shares. Cross Research cut shares of Benchmark Electronics from a “hold” rating to a “sell” rating in a report on Friday, October 21st. Zacks Investment Research cut shares of Benchmark Electronics from a “hold” rating to a “strong sell” rating in a research note on Monday, October 24th. Needham & Company LLC lifted their price target on shares of Benchmark Electronics from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, October 21st. RBC Capital Markets reiterated a “sector perform” rating and set a $26.00 price target (up previously from $24.00) on shares of Benchmark Electronics in a research note on Monday, October 24th. Finally, B. Riley reiterated a “neutral” rating and set a $23.00 price target on shares of Benchmark Electronics in a research note on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $25.20.

In other Benchmark Electronics news, CFO Donald Francis Adam sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $27.37, for a total transaction of $547,400.00. Following the transaction, the chief financial officer now owns 98,841 shares in the company, valued at approximately $2,705,278.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jon J. King sold 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $27.17, for a total transaction of $611,325.00. Following the transaction, the insider now owns 45,074 shares in the company, valued at approximately $1,224,660.58. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

About Benchmark Electronics

Benchmark Electronics, Inc is a provider of integrated electronic manufacturing services. The Company 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.

5 Day Chart for NYSE:BHE

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