Corient Private Wealth LP purchased a new position in Benchmark Electronics, Inc. (NYSE:BHE – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 12,325 shares of the technology company’s stock, valued at approximately $1,216,000.
Several other large investors also recently bought and sold shares of BHE. Rockefeller Capital Management L.P. lifted its position in shares of Benchmark Electronics by 69.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock worth $26,000 after purchasing an additional 250 shares in the last quarter. Group One Trading LLC acquired a new position in Benchmark Electronics in the 2nd quarter worth $73,000. Kestra Advisory Services LLC acquired a new position in Benchmark Electronics in the 4th quarter worth $42,000. Global Retirement Partners LLC purchased a new position in Benchmark Electronics in the 2nd quarter valued at about $112,000. Finally, Clearstead Advisors LLC grew its stake in shares of Benchmark Electronics by 246.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock valued at $58,000 after acquiring an additional 970 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.
Benchmark Electronics Price Performance
Shares of NYSE:BHE opened at $72.75 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.99 and a debt-to-equity ratio of 0.16. The firm has a 50-day simple moving average of $80.07 and a 200 day simple moving average of $74.29. Benchmark Electronics, Inc. has a fifty-two week low of $35.91 and a fifty-two week high of $100.41. The company has a market cap of $2.61 billion, a PE ratio of 49.49 and a beta of 1.26.
Insider Buying and Selling
In other Benchmark Electronics news, SVP Stephen Beaver sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $86.25, for a total value of $1,725,000.00. Following the sale, the senior vice president owned 75,020 shares in the company, valued at approximately $6,470,475. This trade represents a 21.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Weiss Ratings upgraded Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Benchmark Electronics has a consensus rating of “Buy” and a consensus price target of $91.00.
View Our Latest Stock Report on BHE
About Benchmark Electronics
Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early‐stage design and prototyping to high‐volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.
At the core of Benchmark’s offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.
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