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BHE Benchmark Electronics

Benchmark Electronics, Inc. provides integrated electronic manufacturing services, engineering and design services, and precision machining services. The company provides services to original equipment manufacturers of industrial control equipment telecommunication equipment, computers and related products for business enterprises, medical devices, and testing and instrumentation products. Its services include comprehensive and integrated design and manufacturing services and solutions from initial product concept to volume production, including direct order fulfillment and aftermarket services. The company was founded by Cary T. Fu, Steven A. Barton and Donald E. Nigbor in 1979 and is headquartered in Angleton, TX.

Company profile

Ticker
BHE
Exchange
Website
CEO
Jeffrey Benck
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
742211011

BHE stock data

(
)

Calendar

6 May 21
8 May 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 400.43M 400.43M 400.43M 400.43M 400.43M 400.43M
Cash burn (monthly) (positive/no burn) 946.5K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 1.2M n/a n/a n/a n/a
Cash remaining n/a 399.22M n/a n/a n/a n/a
Runway (months of cash) n/a 421.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Mar 21 Benck Jeff Common Stock Payment of exercise Dispose F No No 31.28 15,327 479.43K 220,316
5 Mar 21 Roop Kalyan Lakkaraju Common Stock Buy Aquire P No No 29.6022 905 26.79K 74,500
3 Mar 21 Jan M Janick Common Stock Payment of exercise Dispose F No No 29.5 794 23.42K 56,174
2 Mar 21 Roop Kalyan Lakkaraju Common Stock Buy Aquire P No No 29.6369 1,680 49.79K 73,595
25 Feb 21 Benck Jeff Common Stock Buy Aquire P No No 27.9786 1,800 50.36K 235,643

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 167 160 +4.4%
Opened positions 28 11 +154.5%
Closed positions 21 22 -4.5%
Increased positions 51 49 +4.1%
Reduced positions 62 67 -7.5%
13F shares
Current Prev Q Change
Total value 945.46M 688.6M +37.3%
Total shares 35M 34.14M +2.5%
Total puts 0 13.7K EXIT
Total calls 0 27.2K EXIT
Total put/call ratio 0.5
Largest owners
Shares Value Change
BLK Blackrock 5.81M $156.92M +7.0%
Vanguard 3.91M $105.62M +2.3%
Dimensional Fund Advisors 2.91M $78.54M -3.3%
BEN Franklin Resources 1.37M $37.06M +112.0%
NTRS Northern Trust 1.37M $36.96M -8.6%
JHG Janus Henderson 1.3M $35.11M +96.6%
JPM JPMorgan Chase & Co. 1.27M $34.25M +11.7%
STT State Street 1.27M $34.4M +0.7%
Deprince Race & Zollo 1.17M $31.55M -13.2%
Russell Investments 984.34K $26.58M +12.2%
Largest transactions
Shares Bought/sold Change
BEN Franklin Resources 1.37M +724.69K +112.0%
Norges Bank 677.55K +677.55K NEW
JHG Janus Henderson 1.3M +638.72K +96.6%
Robeco Institutional Asset Management B.V. 416.63K -428.84K -50.7%
BLK Blackrock 5.81M +380.96K +7.0%
Grantham, Mayo, Van Otterloo & Co. 230.63K -285.97K -55.4%
Skyline Asset Management 44.85K -238.69K -84.2%
Deprince Race & Zollo 1.17M -177.75K -13.2%
Kennedy Capital Management 0 -139.25K EXIT
GS Goldman Sachs 263.58K -138.15K -34.4%

Financial report summary

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Competition
IEC ElectronicsPlexusFlexSanminaJabilCelesticaOSI SystemsFabrinet
Management Discussion
  • Sales for the three months ended March 31, 2021 were $505.7 million, a 2% decrease from sales of $515.0 million during the three months ended March 31, 2020. During the first quarter of 2021, sales to customers in our various industry sectors fluctuated from the first quarter of 2020 as follows:
  • The overall revenue decrease was due primarily to lower demand from customers in A&D, oil and gas industrials, and medical sectors (as discussed below). Higher-value market revenues were down 4% year-over-year from softness in A&D, Industrials and Medical, partially offset by an increase in Semi-Cap. Traditional market revenues were up 8% year-over-year primarily from strength in the Computing sector.
  • Our sales depend on the success of our customers, some of which operate in businesses associated with rapid technological change and consequent product obsolescence. Developments adverse to our major customers or their products, the availability of electronic component supply, or the failure of a major customer to pay for components or services, including in each case as a result of the COVID-19 pandemic, can adversely affect us. A substantial percentage of our sales are made to a small number of customers, and the loss of a major customer, if not replaced, would adversely affect us. Sales to our ten largest customers represented 44% and 42% of our sales during the three months ended March 31, 2021 and 2020, respectively.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
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Patents

GRANT
Utility
Location aware networking for ad-hoc networks and method therefor
27 Apr 21
A method for location aware networking in a wireless ad-hoc network having a plurality of wireless nodes in a geographic area comprising: dividing the geographic area into a plurality of grids; determining a location of a particular wireless node; determining a corresponding grid where the particular wireless node resides; determining a cluster head for the corresponding grid; connecting corresponding wireless nodes in the corresponding grid to the cluster head, wherein the cluster head of the corresponding grid periodically gather data from the corresponding wireless nodes, aggregate the data and transmits the data to a gateway; and coupling the cluster head of the corresponding grid to cluster heads of each of the plurality of grids forming a pathway to the gateway, the cluster head of the corresponding grid transmitting the data through the pathway or directly to the gateway.
GRANT
Utility
Hybrid time division multiple access (TDMA) and carrier sense multiple access (CSMA) for interference avoidance method therefor
6 Apr 21
A method for interference avoidance when transmitting a message in a wireless system comprising: dividing a frame into a plurality of time slots, wherein a first plurality of time slots allocated as Time Division Multiple Access (TDMA) time slots and a second plurality of time slots allocated as contention slots; transmitting a message in a designated TDMA time slot by a corresponding wireless node assigned to the designated TDMA time slot if the designated TDMA time slot is idle; and transmitting the message in a contention slot if the designated TDMA time slot is busy.
GRANT
Utility
Broadband transition from stripline to substrate integrated waveguide
9 Feb 21
A device having a stripline to substrate integrated waveguide (SIW) transition structure has a substrate having a top surface and a bottom surface.
APP
Utility
Multi-port Multi-beam Antenna System on Printed Circuit Board with Low Correlation for Mimo Applications and Method Therefor
28 Jan 21
An antenna assembly has a dielectric substrate.
GRANT
Utility
Electronic peening intensity sensor
16 Nov 20
A shot peening intensity measurement device has a holder and a test disk formed from a resonant and hardened material.