Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Great West Life Assurance Co. Can

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Great West Life Assurance Co. Can lessened its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 10.9% during the 1st quarter, HoldingsChannel reports. The fund owned 55,038 shares of the technology company’s stock after selling 6,701 shares during the period. Great West Life Assurance Co. Can’s holdings in Benchmark Electronics were worth $1,445,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BHE. US Bancorp DE lifted its stake in Benchmark Electronics by 31.9% in the 1st quarter. US Bancorp DE now owns 9,763 shares of the technology company’s stock valued at $256,000 after acquiring an additional 2,363 shares in the last quarter. Laurion Capital Management LP bought a new stake in Benchmark Electronics in the 1st quarter valued at approximately $304,000. JPMorgan Chase & Co. lifted its stake in Benchmark Electronics by 10.0% in the 1st quarter. JPMorgan Chase & Co. now owns 1,236,561 shares of the technology company’s stock valued at $32,461,000 after acquiring an additional 112,056 shares in the last quarter. LSV Asset Management raised its stake in shares of Benchmark Electronics by 16.4% during the 1st quarter. LSV Asset Management now owns 486,018 shares of the technology company’s stock worth $12,757,000 after purchasing an additional 68,500 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in shares of Benchmark Electronics during the 1st quarter worth approximately $211,000. 97.37% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the company. TheStreet cut Benchmark Electronics from a “b-” rating to a “c” rating in a research note on Monday, May 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Benchmark Electronics in a report on Tuesday, April 30th.

NYSE BHE traded down $0.27 on Wednesday, reaching $23.35. The stock had a trading volume of 14,382 shares, compared to its average volume of 367,135. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.65 and a quick ratio of 2.00. Benchmark Electronics, Inc. has a 1-year low of $20.01 and a 1-year high of $30.55. The firm has a market cap of $902.08 million, a price-to-earnings ratio of 16.10 and a beta of 0.83.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The firm had revenue of $603.00 million for the quarter, compared to analyst estimates of $597.30 million. Benchmark Electronics had a return on equity of 5.24% and a net margin of 2.35%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS.

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Benchmark Electronics Company 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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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).

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

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