November 25, 2016 - By Dolores Ford · 0 Comments
The stock of Benchmark Electrs Incorporated (NYSE:BHE) registered an increase of 6.57% in short interest. BHE’s total short interest was 2.00M shares in November as published by FINRA. Its up 6.57% from 1.88M shares, reported previously. With 308,400 shares average volume, it will take short sellers 7 days to cover their BHE’s short positions. The short interest to Benchmark Electrs Incorporated’s float is 4.12%. The stock increased 0.18% or $0.05 during the last trading session, hitting $28.6. About 104,878 shares traded hands. Benchmark Electronics, Inc. (NYSE:BHE) has risen 46.71% since April 22, 2016 and is uptrending. It has outperformed by 41.30% 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 16.94 P/E ratio. It has three divisions: the Americas, Asia and Europe.
Insitutional Activity: The institutional sentiment increased to 1.1 in 2016 Q2. Its up 0.31, from 0.79 in 2016Q1. The ratio increased, 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.
Ifrah Services holds 9,755 shares or 0.08% of its portfolio. Paloma Prtn accumulated 0% or 17,663 shares. Systematic Mgmt Limited Partnership has 0.06% invested in the company for 216,414 shares. The Germany-based Allianz Asset Mgmt Ag has invested 0% in Benchmark Electronics, Inc. (NYSE:BHE). Kbc Group Incorporated Nv holds 0% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE) for 2,488 shares. Schwab Charles Inv Management accumulated 444,695 shares or 0.01% of the stock. Mackenzie Financial has invested 0% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE). The Massachusetts-based Acadian Asset Management Limited Co has invested 0.05% in Benchmark Electronics, Inc. (NYSE:BHE). Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 359 shares. Moreover, Panagora Asset Mngmt has 0.02% invested in Benchmark Electronics, Inc. (NYSE:BHE) for 164,815 shares. Blackrock Invest Mgmt Ltd Liability accumulated 228,739 shares or 0.01% of the stock. Prudential Public Ltd Liability owns 564,000 shares or 0.05% of their US portfolio. Ubs Asset Mngmt Americas Inc owns 45,781 shares or 0% of their US portfolio. Loomis Sayles Ltd Partnership holds 0% of its portfolio in Benchmark Electronics, Inc. (NYSE:BHE) for 813 shares. Profund Advsrs Ltd Liability Corp, a Maryland-based fund reported 15,992 shares.
Insider Transactions: Since July 28, 2016, the stock had 0 insider buys, and 5 insider sales for $3.02 million net activity. Adam Donald Francis also sold $547,468 worth of Benchmark Electronics, Inc. (NYSE:BHE) shares. 12,774 shares were sold by King Jon J, worth $301,132 on Thursday, July 28. Another trade for 25,497 shares valued at $617,527 was made by DELLY GAYLA J on Thursday, August 18.
Out of 5 analysts covering Benchmark Electronics (NYSE:BHE), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. Benchmark Electronics has been the topic of 10 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Needham maintained Benchmark Electronics, Inc. (NYSE:BHE) on Friday, October 23 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, October 23. Raymond James upgraded the stock to “Outperform” rating in Friday, July 24 report. The company was maintained on Friday, October 21 by Needham. The stock has “Sell” rating given by Cross Research on Friday, October 21. Berenberg initiated Benchmark Electronics, Inc. (NYSE:BHE) on Friday, May 27 with “Buy” rating. Needham maintained Benchmark Electronics, Inc. (NYSE:BHE) rating on Friday, July 22. Needham has “Buy” rating and $26 price target.
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.
More important 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 Prnewswire.com published article titled: “Benchmark Electronics Appoints Paul Tufano to the Board of Directors”, Prnewswire.com published: “Benchmark Electronics to Report Third Quarter 2016 Results” on October 12, 2016. More interesting news about Benchmark Electronics, Inc. (NYSE:BHE) was released by: Prnewswire.com and their article: “Benchmark Electronics Highlights Track Record of Value Creation in Newly Filed …” with publication date: May 02, 2016.
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By Dolores Ford