Benchmark Electronics, Inc. (NYSE:BHE) Stock Position Lifted by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 58.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,174 shares of the technology company’s stock after purchasing an additional 15,538 shares during the quarter. Meeder Asset Management Inc. owned 0.11% of Benchmark Electronics worth $1,059,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new position in shares of Benchmark Electronics in the first quarter worth $178,000. Stephens Inc. AR bought a new position in shares of Benchmark Electronics in the first quarter worth $201,000. Everence Capital Management Inc. bought a new position in shares of Benchmark Electronics in the first quarter worth $211,000. BNP Paribas Arbitrage SA grew its stake in shares of Benchmark Electronics by 57.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,167 shares of the technology company’s stock worth $267,000 after purchasing an additional 3,716 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of Benchmark Electronics in the first quarter worth $284,000. 99.19% of the stock is owned by institutional investors.

Shares of Benchmark Electronics stock traded up $0.38 during trading on Wednesday, hitting $26.81. The stock had a trading volume of 2,757 shares, compared to its average volume of 268,316. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.93. The firm has a market cap of $997.13 million, a P/E ratio of 18.23 and a beta of 0.88. The business has a fifty day moving average of $25.87 and a two-hundred day moving average of $26.08. Benchmark Electronics, Inc. has a fifty-two week low of $20.01 and a fifty-two week high of $30.23.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The business had revenue of $601.60 million during the quarter, compared to analyst estimates of $569.45 million. Benchmark Electronics had a return on equity of 5.43% and a net margin of 2.35%. The company’s revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.30 earnings per share.

Several analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Benchmark Electronics in a report on Tuesday, April 30th. TheStreet lowered Benchmark Electronics from a “b-” rating to a “c” rating in a report on Monday, May 20th.

In other news, Director Robert K. Gifford sold 3,054 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $26.75, for a total value of $81,694.50. Following the completion of the sale, the director now owns 19,143 shares in the company, valued at $512,075.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

About Benchmark Electronics

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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