November 10, 2019 at 2:32 pm

Rhumbline Advisers Buys 5,627 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

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Rhumbline Advisers lifted its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 4.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 129,284 shares of the technology company’s stock after purchasing an additional 5,627 shares during the quarter. Rhumbline Advisers’ holdings in Benchmark Electronics were worth $3,757,000 as of its most recent filing with the Securities & Exchange Commission.

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Other large investors have also added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Benchmark Electronics by 844.6% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 228,600 shares of the technology company’s stock worth $5,742,000 after purchasing an additional 204,400 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Benchmark Electronics by 4.9% during the second quarter. Parametric Portfolio Associates LLC now owns 243,598 shares of the technology company’s stock worth $6,119,000 after purchasing an additional 11,441 shares in the last quarter. Stephens Inc. AR grew its position in shares of Benchmark Electronics by 7.4% during the second quarter. Stephens Inc. AR now owns 8,208 shares of the technology company’s stock worth $206,000 after purchasing an additional 567 shares in the last quarter. Stone Ridge Asset Management LLC grew its position in shares of Benchmark Electronics by 5.1% during the second quarter. Stone Ridge Asset Management LLC now owns 26,877 shares of the technology company’s stock worth $675,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Benchmark Electronics by 16.6% during the second quarter. Bank of Montreal Can now owns 113,095 shares of the technology company’s stock worth $2,842,000 after purchasing an additional 16,064 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.

NYSE:BHE opened at $34.05 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.93 and a debt-to-equity ratio of 0.21. Benchmark Electronics, Inc. has a 12-month low of $20.01 and a 12-month high of $34.70. The stock has a 50-day moving average price of $30.76 and a 200 day moving average price of $26.93. The stock has a market capitalization of $1.30 billion, a P/E ratio of 23.48 and a beta of 0.89.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $555.00 million during the quarter, compared to analysts’ expectations of $539.55 million. Benchmark Electronics had a return on equity of 5.42% and a net margin of 2.40%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.76%. The ex-dividend date was Friday, September 27th. Benchmark Electronics’s dividend payout ratio is presently 41.38%.

In other Benchmark Electronics news, VP Lisa K. Weeks sold 3,518 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $28.31, for a total transaction of $99,594.58. Following the completion of the transaction, the vice president now owns 24,224 shares in the company, valued at approximately $685,781.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Benchmark Electronics Profile

Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.

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Want to see what other hedge funds are holding BHE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Benchmark Electronics, Inc. (NYSE:BHE).

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

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