Proficio Capital Partners LLC purchased a new stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,113 shares of the technology company's stock, valued at approximately $868,000. Proficio Capital Partners LLC owned about 0.05% of Benchmark Electronics as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in BHE. KBC Group NV grew its position in shares of Benchmark Electronics by 125.3% in the third quarter. KBC Group NV now owns 1,534 shares of the technology company's stock valued at $68,000 after purchasing an additional 853 shares during the last quarter. GAMMA Investing LLC lifted its stake in Benchmark Electronics by 12.9% during the fourth quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock worth $116,000 after purchasing an additional 292 shares during the period. Glenmede Trust Co. NA bought a new position in Benchmark Electronics during the third quarter worth about $238,000. Highland Capital Management LLC lifted its stake in Benchmark Electronics by 6.4% during the fourth quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company's stock worth $255,000 after purchasing an additional 337 shares during the period. Finally, Heritage Family Offices LLP lifted its stake in Benchmark Electronics by 5.7% during the fourth quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company's stock worth $280,000 after purchasing an additional 334 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.
Benchmark Electronics Price Performance
Shares of NYSE:BHE traded down $0.15 during trading on Monday, reaching $38.06. The stock had a trading volume of 133,657 shares, compared to its average volume of 291,232. Benchmark Electronics, Inc. has a 52 week low of $27.44 and a 52 week high of $52.57. The business's 50-day moving average price is $43.39 and its 200 day moving average price is $44.58. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. The stock has a market capitalization of $1.37 billion, a PE ratio of 21.96 and a beta of 0.97.
Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.
Insider Activity at Benchmark Electronics
In related news, CEO Jeff Benck sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $45.31, for a total value of $271,860.00. Following the completion of the sale, the chief executive officer now owns 418,173 shares of the company's stock, valued at $18,947,418.63. This trade represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of research analysts have commented on BHE shares. StockNews.com upgraded shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Needham & Company LLC lifted their target price on shares of Benchmark Electronics from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Benchmark Electronics presently has a consensus rating of "Moderate Buy" and an average price target of $43.00.
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About Benchmark Electronics
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Free Report)
Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.
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