Benchmark Electronics, Inc. (NYSE:BHE) SVP Rhonda R. Turner Sells 6,000 Shares

Benchmark Electronics, Inc. (NYSE:BHE) SVP Rhonda R. Turner sold 6,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $46.98, for a total transaction of $281,880.00. Following the completion of the transaction, the senior vice president now directly owns 47,991 shares of the company’s stock, valued at approximately $2,254,617.18. The trade was a 11.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Benchmark Electronics Stock Performance

Benchmark Electronics stock opened at $48.17 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45. Benchmark Electronics, Inc. has a 1-year low of $24.75 and a 1-year high of $52.57. The firm has a market capitalization of $1.73 billion, a P/E ratio of 28.01 and a beta of 0.97. The company’s 50-day moving average is $45.21 and its 200 day moving average is $42.54.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. Benchmark Electronics had a net margin of 2.32% and a return on equity of 6.81%. The company had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.00 million. During the same period in the prior year, the company posted $0.57 EPS. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis.

Benchmark Electronics Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a dividend of $0.17 per share. The ex-dividend date was Monday, September 30th. This is a positive change from Benchmark Electronics’s previous quarterly dividend of $0.17. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.41%. Benchmark Electronics’s dividend payout ratio (DPR) is 39.53%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Lake Street Capital increased their price target on shares of Benchmark Electronics from $35.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Needham & Company LLC increased their price target on shares of Benchmark Electronics from $45.00 to $48.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $42.33.

Hedge Funds Weigh In On Benchmark Electronics

A number of institutional investors have recently modified their holdings of BHE. Pacer Advisors Inc. purchased a new position in shares of Benchmark Electronics during the second quarter worth approximately $70,424,000. American Century Companies Inc. increased its position in shares of Benchmark Electronics by 176.6% during the second quarter. American Century Companies Inc. now owns 615,036 shares of the technology company’s stock worth $24,269,000 after acquiring an additional 392,699 shares during the period. Millennium Management LLC increased its position in shares of Benchmark Electronics by 85.9% during the second quarter. Millennium Management LLC now owns 446,176 shares of the technology company’s stock worth $17,606,000 after acquiring an additional 206,114 shares during the period. Vanguard Group Inc. increased its position in shares of Benchmark Electronics by 3.4% during the first quarter. Vanguard Group Inc. now owns 4,845,204 shares of the technology company’s stock worth $145,405,000 after acquiring an additional 159,716 shares during the period. Finally, Wasatch Advisors LP increased its position in shares of Benchmark Electronics by 19.5% during the third quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company’s stock worth $36,364,000 after acquiring an additional 133,602 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.

About Benchmark Electronics

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.