New York State Teachers Retirement System Sells 10,008 Shares of Benchmark Electronics, Inc. (BHE)

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New York State Teachers Retirement System lowered its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 7.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,442 shares of the technology company’s stock after selling 10,008 shares during the quarter. New York State Teachers Retirement System’s holdings in Benchmark Electronics were worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BHE. Everence Capital Management Inc. bought a new position in shares of Benchmark Electronics in the first quarter worth about $211,000. Stephens Inc. AR bought a new position in shares of Benchmark Electronics in the first quarter worth about $201,000. Wedge Capital Management L L P NC bought a new position in shares of Benchmark Electronics in the first quarter worth about $284,000. Comerica Bank raised its stake in shares of Benchmark Electronics by 1.1% in the first quarter. Comerica Bank now owns 43,128 shares of the technology company’s stock worth $1,241,000 after acquiring an additional 470 shares during the last quarter. Finally, Menta Capital LLC bought a new position in shares of Benchmark Electronics in the first quarter worth about $326,000. Institutional investors and hedge funds own 97.37% of the company’s stock.

A number of research analysts recently issued reports on the stock. TheStreet upgraded shares of Benchmark Electronics from a “c” rating to a “b” rating in a report on Friday, February 8th. Needham & Company LLC restated a “hold” rating on shares of Benchmark Electronics in a report on Tuesday, April 30th.

Benchmark Electronics stock opened at $23.25 on Monday. The company has a market capitalization of $896.69 million, a PE ratio of 16.03 and a beta of 0.68. Benchmark Electronics, Inc. has a twelve month low of $20.01 and a twelve month high of $30.55. The company has a quick ratio of 2.00, a current ratio of 2.65 and a debt-to-equity ratio of 0.20.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.33 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $603.00 million during the quarter, compared to analysts’ expectations of $597.30 million. Benchmark Electronics had a net margin of 2.35% and a return on equity of 5.24%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share.

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Benchmark Electronics Profile

Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced 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.

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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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