Tfs Capital adds Benchmark Electronics (BHE) to its portfolio

Benchmark Electronics (BHE) : Tfs Capital added new position in Benchmark Electronics during the most recent quarter end. The investment management firm now holds 90,920 shares of Benchmark Electronics which is valued at $2,201,173 , the company said in a statement filed on Aug 11, 2016 with the SEC.Benchmark Electronics makes up approximately 0.38% of Tfs Capital’s portfolio.

Other Hedge Funds, Including , Artisan Partners Limited Partnership sold out all of its stake in BHE during the most recent quarter. The investment firm sold 182,651 shares of BHE which is valued $4,421,981.Systematic Financial Management Lp boosted its stake in BHE in the latest quarter, The investment management firm added 26,245 additional shares and now holds a total of 216,414 shares of Benchmark Electronics which is valued at $5,185,279. Benchmark Electronics makes up approx 0.07% of Systematic Financial Management Lp’s portfolio. Dupont Capital Management Corp sold out all of its stake in BHE during the most recent quarter. The investment firm sold 80,052 shares of BHE which is valued $1,882,823.Eagle Boston Investment Management Inc boosted its stake in BHE in the latest quarter, The investment management firm added 5,779 additional shares and now holds a total of 203,227 shares of Benchmark Electronics which is valued at $4,627,479. Benchmark Electronics makes up approx 0.60% of Eagle Boston Investment Management Inc’s portfolio.Nisa Investment Advisors boosted its stake in BHE in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 64,825 shares of Benchmark Electronics which is valued at $1,464,397. Benchmark Electronics makes up approx 0.02% of Nisa Investment Advisors’s portfolio.

Benchmark Electronics opened for trading at $24.2 and hit $24.41 on the upside on Tuesday, eventually ending the session at $24.22, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 1,80,416 shares. Company has a market cap of $1,186 M.

On the company’s financial health, Benchmark Electronics reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $0.32. The company had revenue of $579.34 million for the quarter, compared to analysts expectations of $582.92 million. The company’s revenue was down -12.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 EPS.

Many Wall Street Analysts have commented on Benchmark Electronics. Company shares were Reiterated by Needham on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $23 .

Benchmark Electronics Inc. (Benchmark) is a provider of integrated electronic manufacturing services. Benchmark provides its services to original equipment manufacturers (OEMs) of industrial control equipment including aerospace and defense equipment telecommunication equipment medical devices and testing and instrumentation products. The Company’s operations consist of three principal areas: manufacturing and assembly operations including printed circuit boards and subsystem assembly box build and systems integration; precision technology manufacturing including precision machining metal joining assembly and functional testing and specialized engineering services including product design printed circuit board layout automation and test development. Benchmark’s facilities include 1.6 million square feet in its United States facilities and 2.2 million square feet in its facilities in China Malaysia Mexico the Netherlands Romania and Thailand.

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