In November, there was a big discount within the variety of brief positions held in Benchmark Electronics, Inc. (NYSE: BHE). As of November 15, the full variety of shares obtainable for a brief sale was 586,800, representing a fall of 19.0% from the day past’s complete of 724,800 shares. In consequence, 1.7% of the corporate’s shares are bought brief available on the market. The present short-interest ratio is 4.1 days, with a mean every day buying and selling quantity of 143,700 shares used to calculate this worth.
Current months have seen a number of important institutional buyers altering their holdings of BHE inventory. BlackRock Inc. raised its holdings in Benchmark Electronics by 3.7% in the course of the 12 months’s first three months. BlackRock Inc. now owns 6,052,712 shares of the know-how firm’s inventory, valued at $151,562,000 after the agency made a brand new buy of 216,934 shares throughout the newest quarter. Vanguard Group Inc. boosted its holdings in Benchmark Electronics by 5.6% in the course of the 12 months’s first three months. After including 215,272 shares to its holdings in the course of the interval, Vanguard Group Inc. now has a complete of 4,066,880 shares of the know-how firm’s inventory, valued at a complete of $101,834,000. Within the first three months of the 12 months, Victory Capital Administration Inc. boosted the corporate’s inventory proportion by 40.7%. Following the acquisition of a further 168,381 shares of the know-how firm’s inventory in the course of the interval, Victory Capital Administration Inc. now owns a complete of 581,803 shares of the corporate’s inventory, which has a worth of $13,880,000. In the course of the first three months of the 12 months, Essex Funding Administration Co. LLC invested in Benchmark Electronics totaling $3,018,000. Lastly, in the course of the second quarter, Renaissance Applied sciences LLC added 42.6% extra inventory to its holdings in Benchmark Electronics. Renaissance Applied sciences LLC now owns 291,640 shares of the know-how firm’s inventory after buying a further 87,090 shares. The present market worth of Renaissance Applied sciences LLC’s inventory holdings is $6,579,000. Institutional buyers personal 92.83 % of the full shares issued by the company.
In different information, on November 2, director Jeffrey Stephen Mccreary bought 30,000 shares of the corporate’s inventory. This transaction passed off on the identical day. At a mean value of $28.87 per share, the inventory might herald a complete of $866,100.00 when bought. A complete of 47,989 shares of firm inventory, valued at $1,385,442.43, at the moment are held by the director. You might be taught extra in regards to the transaction revealed in a authorized file submitted to the Securities and Change Fee by following the hyperlink supplied above. There may be insider possession of 1.60% of the full enterprise inventory.
Current analyst experiences have focused on BHE in a number of alternative ways. First, benchmark Electronics was given a “purchase” score and a goal value improve of $0.00 by Needham & Firm LLC in a analysis word that was revealed on Wednesday, November 9. The analysis word indicated that Needham & Firm LLC raised their goal value on Benchmark Electronics from $34.00 to $35.00. In a analysis word revealed on August 24, Fox Advisors turned the primary funding agency to cowl Benchmark Electronics. They gave the enterprise an “chubby” score and set the value goal at $35.00. Final however not least, on October 12, a analysis word revealed by StockNews.com marked the start of protection of Benchmark Electronics. They determined to keep up their “maintain” score for the corporate.
On Friday, NYSE: BHE began buying and selling at $29.02 per share. The corporate’s easy transferring common for the previous 50 days is $27.34, and its easy transferring common for the previous 200 days is $25.87. The corporate’s market capitalization is 1.02 billion {dollars}, the price-to-earnings ratio is 17.27, and the beta worth is 0.99. The group has a debt-to-equity ratio of 0.30, a fast ratio of 1.13, and a present ratio of two.01. The worth of Benchmark Electronics has ranged from a low of $21.11 to a excessive of $30.00 in the course of the previous 52 weeks.
Benchmark Electronics (NYSE: BHE) disclosed its most up-to-date quarterly outcomes report on October 26, a Wednesday. The know-how firm reported earnings per share for the quarter of $0.57, which was $0.05 greater than the common expectation of $0.52. The precise income for the quarter got here in at $771.58 million, which was considerably greater than analysts’ prediction of $738.67 million. The return on fairness for Benchmark Electronics was 7.17%, and the corporate’s web margin was 2.15%. The corporate’s quarterly gross sales climbed by 34.9% in comparison with the earlier 12 months’s interval. Throughout the identical interval the earlier 12 months, the corporate earned $0.39 per share. In keeping with the forecasts of market researchers, Benchmark Electronics will generate earnings of two.4 cents per share within the present monetary 12 months.
