UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Benchmark Electronics, Inc. (NYSE:BHE – Free Report) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 93,698 shares of the technology company’s stock after selling 7,073 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Benchmark Electronics were worth $9,245,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in Benchmark Electronics by 30.2% in the first quarter. Royal Bank of Canada now owns 14,420 shares of the technology company’s stock valued at $548,000 after acquiring an additional 3,341 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Benchmark Electronics by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,239 shares of the technology company’s stock valued at $808,000 after purchasing an additional 931 shares during the period. Caxton Associates LLP purchased a new position in Benchmark Electronics during the 1st quarter worth approximately $202,000. Jane Street Group LLC boosted its holdings in Benchmark Electronics by 99.8% in the first quarter. Jane Street Group LLC now owns 107,802 shares of the technology company’s stock valued at $4,100,000 after purchasing an additional 53,840 shares during the last quarter. Finally, Norges Bank acquired a new stake in Benchmark Electronics during the second quarter worth about $1,093,000. Institutional investors own 92.29% of the company’s stock.
Benchmark Electronics Price Performance
Shares of NYSE:BHE opened at $72.75 on Monday. The company has a 50-day simple moving average of $80.07 and a 200-day simple moving average of $74.40. Benchmark Electronics, Inc. has a one year low of $35.91 and a one year high of $100.41. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 49.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.99.
Insiders Place Their Bets
In other Benchmark Electronics news, SVP Stephen Beaver sold 20,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was 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 of the company’s stock, valued at approximately $6,470,475. This represents a 21.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.
Analysts Set New Price Targets
BHE has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Needham & Company LLC lifted their target price 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $91.00.
Benchmark Electronics Profile
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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