Benchmark Electronics, Inc. (NYSE:BHE) Director Douglas G. Duncan sold 5,922 shares of Benchmark Electronics stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $31.91, for a total value of $188,971.02. Following the completion of the sale, the director now owns 30,524 shares of the company’s stock, valued at $974,020.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Benchmark Electronics, Inc. (NYSE BHE) traded up 0.16% during midday trading on Friday, reaching $31.35. The company had a trading volume of 236,391 shares. Benchmark Electronics, Inc. has a 1-year low of $23.22 and a 1-year high of $35.25. The firm has a 50-day moving average of $33.01 and a 200 day moving average of $32.23. The company has a market capitalization of $1.57 billion, a P/E ratio of 23.05 and a beta of 0.51.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, July 19th. The technology company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.04. Benchmark Electronics had a return on equity of 5.59% and a net margin of 2.84%. The company had revenue of $616.90 million during the quarter, compared to analysts’ expectations of $577 million. During the same period last year, the business posted $0.31 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Benchmark Electronics, Inc. will post $1.49 EPS for the current year.

WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another publication, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/08/18/insider-selling-benchmark-electronics-inc-bhe-director-sells-5922-shares-of-stock.html.

Several equities research analysts recently commented on BHE shares. Royal Bank Of Canada lifted their price objective on Benchmark Electronics from $33.00 to $37.00 and gave the stock a “sector perform” rating in a report on Thursday, July 20th. BidaskClub downgraded Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Citigroup Inc. reiterated a “neutral” rating and issued a $36.00 price objective (up from $32.00) on shares of Benchmark Electronics in a report on Friday, July 21st. Finally, Needham & Company LLC lifted their price objective on Benchmark Electronics from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.25.

Several hedge funds and other institutional investors have recently made changes to their positions in BHE. Comerica Bank raised its position in shares of Benchmark Electronics by 5.4% in the first quarter. Comerica Bank now owns 55,225 shares of the technology company’s stock worth $1,784,000 after buying an additional 2,821 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Benchmark Electronics by 43.7% in the first quarter. Bank of New York Mellon Corp now owns 1,041,005 shares of the technology company’s stock worth $33,102,000 after buying an additional 316,526 shares in the last quarter. First Trust Advisors LP raised its position in shares of Benchmark Electronics by 0.5% in the first quarter. First Trust Advisors LP now owns 96,292 shares of the technology company’s stock worth $3,062,000 after buying an additional 480 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Benchmark Electronics by 8.4% in the first quarter. Great West Life Assurance Co. Can now owns 70,813 shares of the technology company’s stock worth $2,248,000 after buying an additional 5,487 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its position in shares of Benchmark Electronics by 7.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 40,200 shares of the technology company’s stock worth $1,278,000 after buying an additional 2,900 shares in the last quarter. 96.00% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Benchmark Electronics (NYSE:BHE)

Receive News & Ratings for Benchmark Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benchmark Electronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.