November 29, 2016 - By Ellis Scott
Douglas Duncan is the director of Benchmark Electronics Inc. He in the last few days sold 40,000 shares in the Pinksheet-listed Benchmark Electronics Inc with the deal value amounting to approximately $1,150,975 US Dollars. That is according to the traded price of $28.8 for a share. Today, Douglas Duncan owns 31,774 shares which are equivalent to roughly 0.06% of the Company’s market capitalization (total value of the shares outstanding). The transaction was made on 29/11/2016 and this act was unveiled in a report which was filed with the Washington-based Security and Exchange Commission. This report is on hand for review here.
Out of 5 analysts covering Benchmark Electronics (NYSE:BHE), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. $70 is the highest target while $20 is the lowest. The $31.67 average target is 9.77% above today’s ($28.85) stock price. Benchmark Electronics has been the topic of 10 analyst reports since July 24, 2015 according to StockzIntelligence Inc. On Friday, October 21 the stock rating was maintained by Needham with “Buy”. The stock of Benchmark Electronics, Inc. (NYSE:BHE) earned “Outperform” rating by Raymond James on Friday, July 24. Berenberg initiated the shares of BHE in a report on Friday, May 27 with “Buy” rating. The firm earned “Sector Perform” rating on Friday, October 23 by RBC Capital Markets. As per Friday, October 21, the company rating was downgraded by Cross Research. The rating was maintained by Needham with “Buy” on Friday, July 22. Needham maintained Benchmark Electronics, Inc. (NYSE:BHE) on Friday, October 23 with “Buy” rating.
Insitutional Activity: The institutional sentiment increased to 1.1 in 2016 Q2. Its up 0.31, from 0.79 in 2016Q1. The ratio is positive, as 26 funds sold all Benchmark Electronics, Inc. shares owned while 63 reduced positions. 15 funds bought stakes while 55 increased positions. They now own 43.75 million shares or 14.21% less from 51.00 million shares in 2016Q1.
Blackrock Gp Limited last reported 0% of its portfolio in the stock. Carlson Capital L P last reported 278,908 shares in the company. Adirondack Research & Management, a New York-based fund reported 88,273 shares. Jpmorgan Chase & accumulated 0.01% or 2.03M shares. Clinton Group Inc Inc last reported 42,868 shares in the company. Moreover, Stevens Cap Mngmt Lp has 0.02% invested in Benchmark Electronics, Inc. (NYSE:BHE) for 18,937 shares. Goldman Sachs Group Inc Inc holds 0% or 440,724 shares in its portfolio. Great West Life Assurance Can holds 6,102 shares or 0% of its portfolio. Rhumbline Advisers holds 77,676 shares or 0% of its portfolio. Leuthold Gp Ltd Liability Com accumulated 136,184 shares or 0.3% of the stock. First Quadrant Limited Partnership Ca has 0.01% invested in the company for 24,500 shares. Mackenzie reported 13,465 shares or 0% of all its holdings. The Connecticut-based Thomson Horstmann And Bryant has invested 0.1% in Benchmark Electronics, Inc. (NYSE:BHE). Dimensional Fund Lp holds 0.05% or 4.18 million shares in its portfolio. Blackrock Institutional Trust Na accumulated 0.01% or 1.46M shares.
Insider Transactions: Since July 28, 2016, the stock had 0 insider purchases, and 5 sales for $3.02 million net activity. DELLY GAYLA J had sold 25,497 shares worth $617,527 on Thursday, August 18. Adam Donald Francis had sold 40,000 shares worth $938,524. King Jon J had sold 22,500 shares worth $611,432.
The stock increased 0.52% or $0.15 on November 29, hitting $28.85. About 274,198 shares traded hands. Benchmark Electronics, Inc. (NYSE:BHE) has risen 43.50% since April 26, 2016 and is uptrending. It has outperformed by 38.24% the S&P500.
Benchmark Electronics, Inc. is a provider of integrated electronic manufacturing services. The company has a market cap of $1.42 billion. The Firm 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. It has a 17.09 P/E ratio. It has three divisions: the Americas, Asia and Europe.
According to Zacks Investment Research, “Benchmark Electronics, Inc. provides contract electronics manufacturing and design services to original equipment manufacturers in select industries, including medical devices, communications equipment, industrial and business computers, testing instrumentation and industrial controls. They specializes in manufacturing high quality, technologically complex printed circuit board assemblies with computer-automated equipment using surface mount and pin-through-hole interconnection technologies for customers requiring low to medium volume production runs.”
Analysts await Benchmark Electronics, Inc. (NYSE:BHE) to report earnings on February, 14. They expect $0.41 EPS, down 8.89% or $0.04 from last year’s $0.45 per share. BHE’s profit will be $20.18 million for 17.59 P/E if the $0.41 EPS becomes a reality. After $0.36 actual EPS reported by Benchmark Electronics, Inc. for the previous quarter, Wall Street now forecasts 13.89% EPS growth.
More notable recent Benchmark Electronics, Inc. (NYSE:BHE) news were published by: Bloomberg.com which released: “Benchmark Electronics’ Activist Engaged Wins Two Board Seats” on May 11, 2016, also Nasdaq.com with their article: “New Strong Sell Stocks for November 22nd” published on October 27, 2016, Prnewswire.com published: “Benchmark Electronics to Report Third Quarter 2016 Results” on October 12, 2016. More interesting news about Benchmark Electronics, Inc. (NYSE:BHE) were released by: Prnewswire.com and their article: “Benchmark Electronics Appoints Paul Tufano to the Board of Directors” published on March 01, 2016 as well as Prnewswire.com‘s news article titled: “Benchmark Electronics Highlights Track Record of Value Creation in Newly Filed ..” with publication date: May 02, 2016.
Benchmark Electronics, Inc. (Benchmark), incorporated on October 21, 1981, is a well-known provider of integrated electronic manufacturing services. The Firm provides its services to original equipment manufacturers (OEMs) 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. The Firm has three operating divisions: the Americas, Asia and Europe. The Firm offers integrated design and manufacturing services, from initial product design to volume production, including direct order fulfillment and post-deployment services. The Company’s activities consist of over three principal areas: manufacturing and assembly operations, which include printed circuit boards assemblies (PCBAs) and subsystem assembly, box build and systems integration; precision technology manufacturing, which include precision machining, metal joining, assembly and functional testing for industries, including medical, aerospace, and test and instrumentation markets, and specialized engineering services, which include product design, printed circuit board layout, prototyping, automation and test development. Benchmark’s facilities include over 1.4 million square feet in its domestic facilities in Alabama, Arizona, California, Minnesota, New Hampshire, North Dakota and Texas, and approximately 2.3 million square feet in the Company’s international facilities in China, Malaysia, Mexico, the Netherlands, Romania and Thailand.
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By Ellis Scott