BlackRock Updates Passive Stake in Benchmark Electronics
Ticker: BHE · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 863436
| Field | Detail |
|---|---|
| Company | Benchmark Electronics Inc (BHE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, form-13g
TL;DR
**BlackRock just updated its passive stake in Benchmark Electronics, signaling no major changes in its investment strategy.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating its ownership of Benchmark Electronics Inc. common stock as of December 31, 2023. This filing, Amendment No. 2, updates BlackRock's passive investment position in Benchmark Electronics. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal confidence or lack thereof in the company's future prospects, potentially influencing other investors.
Why It Matters
BlackRock's continued passive investment in Benchmark Electronics Inc. suggests a stable, long-term view from a major institutional player, which can reassure current and potential shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
Investors should note that BlackRock's continued passive stake suggests a stable, long-term institutional interest in Benchmark Electronics Inc., but this filing alone doesn't provide new catalysts for price movement.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Benchmark Electronics Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- 08160H101 (other) — the CUSIP number for Benchmark Electronics Inc. common stock
FAQ
What type of filing is this and what does it signify?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It signifies that BlackRock Inc., a passive institutional investor, is updating its ownership stake in Benchmark Electronics Inc. and is not seeking to influence or control the company.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major asset management firm based in New York, NY, with a Central Index Key (CIK) of 0001364742.
What is the subject company of this filing?
The subject company is Benchmark Electronics Inc., a company primarily involved in printed circuit boards, located in Tempe, AZ, with a Central Index Key (CIK) of 0000863436.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, indicating the snapshot date for the reported ownership.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which is typically used by institutional investors who hold more than 5% of a company's stock but do not intend to influence or control the issuer.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding BENCHMARK ELECTRONICS INC (BHE).