Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Boston Partners

Boston Partners decreased its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 4.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 129,271 shares of the technology company’s stock after selling 5,859 shares during the quarter. Boston Partners owned 0.36% of Benchmark Electronics worth $3,879,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BHE. Rise Advisors LLC acquired a new position in shares of Benchmark Electronics during the first quarter valued at approximately $27,000. Parallel Advisors LLC raised its holdings in shares of Benchmark Electronics by 97.9% during the fourth quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock valued at $32,000 after acquiring an additional 566 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Benchmark Electronics by 121.0% during the fourth quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock valued at $49,000 after acquiring an additional 967 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of Benchmark Electronics during the first quarter valued at approximately $111,000. Finally, SG Americas Securities LLC acquired a new position in shares of Benchmark Electronics during the first quarter valued at approximately $136,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BHE. Sidoti cut Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Monday, April 29th. Lake Street Capital increased their price target on Benchmark Electronics from $35.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday. Fox Advisors cut Benchmark Electronics from an “overweight” rating to an “equal weight” rating in a report on Wednesday, May 15th. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Needham & Company LLC increased their price target on Benchmark Electronics from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Benchmark Electronics currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.33.

Benchmark Electronics Trading Down 5.0 %

Benchmark Electronics stock traded down $2.18 during mid-day trading on Friday, hitting $41.48. The company’s stock had a trading volume of 351,144 shares, compared to its average volume of 304,260. The firm has a market capitalization of $1.50 billion, a PE ratio of 22.67 and a beta of 0.99. Benchmark Electronics, Inc. has a 1 year low of $22.66 and a 1 year high of $48.58. The company has a current ratio of 2.35, a quick ratio of 1.41 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $41.03 and its two-hundred day moving average is $34.82.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $666.00 million during the quarter, compared to analyst estimates of $635.75 million. Benchmark Electronics had a return on equity of 7.17% and a net margin of 2.45%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.48 earnings per share.

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a $0.165 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.66 annualized dividend and a yield of 1.59%. Benchmark Electronics’s payout ratio is 36.07%.

Insider Buying and Selling

In other news, CFO Arvind Kamal sold 783 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $38.38, for a total transaction of $30,051.54. Following the completion of the transaction, the chief financial officer now directly owns 20,735 shares in the company, valued at $795,809.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Arvind Kamal sold 783 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $38.38, for a total transaction of $30,051.54. Following the completion of the transaction, the chief financial officer now directly owns 20,735 shares in the company, valued at $795,809.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey Stephen Mccreary sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total value of $394,900.00. Following the transaction, the director now owns 45,062 shares of the company’s stock, valued at $1,779,498.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,560 shares of company stock worth $688,374. Company insiders own 2.10% of the company’s stock.

Benchmark Electronics Profile

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.