Benchmark Electronics Inc. (BHE) to Release Earnings on Thursday
Benchmark Electronics Inc. (NYSE:BHE) will announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.35 per share and revenue of $584.17 million for the quarter.
Shares of Benchmark Electronics Inc. (NYSE:BHE) opened at 25.30 on Wednesday. The firm has a market cap of $1.24 billion, a P/E ratio of 15.37 and a beta of 0.71. The firm has a 50-day moving average price of $24.66 and a 200 day moving average price of $22.54. Benchmark Electronics Inc. has a one year low of $18.36 and a one year high of $25.74.
In related news, insider Jon J. King sold 12,774 shares of Benchmark Electronics stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $23.57, for a total value of $301,083.18. Following the transaction, the insider now owns 40,624 shares in the company, valued at $957,507.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Donald Francis Adam sold 40,000 shares of Benchmark Electronics stock in a transaction on Friday, July 29th. The shares were sold at an average price of $23.46, for a total value of $938,400.00. Following the completion of the transaction, the chief financial officer now owns 126,513 shares in the company, valued at approximately $2,967,994.98. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
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A number of hedge funds and other institutional investors have recently modified their holdings of BHE. O Shaughnessy Asset Management LLC boosted its position in shares of Benchmark Electronics by 10.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 4,721 shares of the company’s stock worth $100,000 after buying an additional 451 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of Benchmark Electronics during the second quarter worth $168,000. Hsbc Holdings PLC boosted its position in shares of Benchmark Electronics by 0.8% in the second quarter. Hsbc Holdings PLC now owns 10,892 shares of the company’s stock worth $230,000 after buying an additional 91 shares during the last quarter. KCG Holdings Inc. boosted its position in shares of Benchmark Electronics by 14.5% in the second quarter. KCG Holdings Inc. now owns 11,741 shares of the company’s stock worth $248,000 after buying an additional 1,487 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Benchmark Electronics during the second quarter worth $285,000. Hedge funds and other institutional investors own 96.16% of the company’s stock.
A number of research firms have commented on BHE. B. Riley restated a “neutral” rating and issued a $23.00 target price on shares of Benchmark Electronics in a research report on Tuesday. TheStreet upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Monday, July 25th. Needham & Company LLC lifted their target price on Benchmark Electronics from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, July 22nd. Finally, Zacks Investment Research upgraded Benchmark Electronics from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $24.00.
Benchmark Electronics Company Profile
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.
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