Sei Investments Co. raised its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 11.1% in the second quarter, HoldingsChannel.com reports. The fund owned 70,386 shares of the technology company’s stock after acquiring an additional 7,023 shares during the period. Sei Investments Co.’s holdings in Benchmark Electronics were worth $2,052,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of BHE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Benchmark Electronics in the second quarter valued at approximately $293,000. IndexIQ Advisors LLC grew its position in shares of Benchmark Electronics by 9.7% in the second quarter. IndexIQ Advisors LLC now owns 73,279 shares of the technology company’s stock valued at $2,136,000 after purchasing an additional 6,502 shares during the last quarter. Algert Global LLC grew its position in shares of Benchmark Electronics by 4.2% in the second quarter. Algert Global LLC now owns 128,946 shares of the technology company’s stock valued at $3,759,000 after purchasing an additional 5,236 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Benchmark Electronics by 46.1% in the second quarter. Wells Fargo & Company MN now owns 326,197 shares of the technology company’s stock valued at $9,509,000 after purchasing an additional 102,861 shares during the last quarter. Finally, TD Asset Management Inc. grew its position in shares of Benchmark Electronics by 6.5% in the second quarter. TD Asset Management Inc. now owns 82,200 shares of the technology company’s stock valued at $2,396,000 after purchasing an additional 5,000 shares during the last quarter. 94.55% of the stock is owned by hedge funds and other institutional investors.
Benchmark Electronics stock opened at $26.00 on Thursday. Benchmark Electronics, Inc. has a 12 month low of $23.98 and a 12 month high of $35.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.44 and a current ratio of 3.08. The company has a market capitalization of $1.20 billion, a PE ratio of 16.26 and a beta of 0.25.
Benchmark Electronics (NYSE:BHE) last posted its earnings results on Tuesday, July 24th. The technology company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. Benchmark Electronics had a positive return on equity of 5.99% and a negative net margin of 2.80%. The company had revenue of $660.59 million for the quarter, compared to the consensus estimate of $605.00 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis.
About Benchmark Electronics
Benchmark Electronics, Inc, together with its subsidiaries, provides engineering services, integrated technology solutions, and 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.
Featured Article: Average Daily Trade Volume – What It Means In Stock Trading
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).
Receive News & Ratings for Benchmark Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benchmark Electronics and related companies with MarketBeat.com's FREE daily email newsletter.