California State Teachers Retirement System Sells 8,568 Shares of Benchmark Electronics, Inc. (BHE)

California State Teachers Retirement System trimmed its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,039 shares of the technology company’s stock after selling 8,568 shares during the period. California State Teachers Retirement System owned about 0.16% of Benchmark Electronics worth $2,733,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its stake in shares of Benchmark Electronics by 8.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,390 shares of the technology company’s stock valued at $142,000 after buying an additional 346 shares during the period. Riverhead Capital Management LLC lifted its holdings in shares of Benchmark Electronics by 71.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,663 shares of the technology company’s stock valued at $183,000 after acquiring an additional 2,363 shares in the last quarter. Flinton Capital Management LLC lifted its holdings in Benchmark Electronics by 70.7% in the 2nd quarter. Flinton Capital Management LLC now owns 5,746 shares of the technology company’s stock worth $186,000 after buying an additional 2,380 shares in the last quarter. Amalgamated Bank lifted its holdings in Benchmark Electronics by 1.7% in the 2nd quarter. Amalgamated Bank now owns 6,812 shares of the technology company’s stock worth $220,000 after buying an additional 115 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Benchmark Electronics in the 2nd quarter worth about $237,000. Institutional investors own 94.83% of the company’s stock.

Benchmark Electronics, Inc. (NYSE:BHE) opened at $30.95 on Friday. The company has a current ratio of 3.60, a quick ratio of 2.66 and a debt-to-equity ratio of 0.14. The company has a market cap of $1,541.42, a PE ratio of 24.76 and a beta of 0.50. Benchmark Electronics, Inc. has a 1-year low of $28.75 and a 1-year high of $35.80.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, October 18th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. Benchmark Electronics had a net margin of 2.63% and a return on equity of 5.62%. The firm had revenue of $604.00 million during the quarter, compared to analysts’ expectations of $584.50 million. During the same quarter last year, the company posted $0.36 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year.

A number of equities research analysts recently weighed in on BHE shares. Needham & Company LLC downgraded shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, October 19th. TheStreet cut shares of Benchmark Electronics from a “b” rating to a “c+” rating in a research report on Monday, November 13th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Benchmark Electronics has a consensus rating of “Hold” and an average price target of $36.67.

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Benchmark Electronics Company Profile

Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.

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

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