Summit Global Investments Invests $242,000 in Benchmark Electronics, Inc. (NYSE:BHE)

Summit Global Investments bought a new position in Benchmark Electronics, Inc. (NYSE:BHE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,329 shares of the technology company’s stock, valued at approximately $242,000.

Several other large investors have also added to or reduced their stakes in the business. Teacher Retirement System of Texas increased its holdings in Benchmark Electronics by 10.0% during the 4th quarter. Teacher Retirement System of Texas now owns 60,695 shares of the technology company’s stock worth $2,756,000 after purchasing an additional 5,514 shares in the last quarter. Boston Partners grew its holdings in Benchmark Electronics by 569.5% during the fourth quarter. Boston Partners now owns 416,831 shares of the technology company’s stock worth $17,638,000 after buying an additional 354,567 shares in the last quarter. Natixis Advisors LLC raised its position in Benchmark Electronics by 3.2% in the 4th quarter. Natixis Advisors LLC now owns 28,108 shares of the technology company’s stock valued at $1,276,000 after buying an additional 875 shares during the last quarter. Swiss National Bank lifted its stake in Benchmark Electronics by 1.0% during the 4th quarter. Swiss National Bank now owns 71,000 shares of the technology company’s stock valued at $3,223,000 after acquiring an additional 700 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in Benchmark Electronics during the 4th quarter worth $341,000. Institutional investors own 92.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BHE shares. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC upped their price objective on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Benchmark Electronics Trading Down 1.7 %

Shares of Benchmark Electronics stock opened at $40.60 on Wednesday. The firm has a market cap of $1.46 billion, a PE ratio of 23.47 and a beta of 0.97. Benchmark Electronics, Inc. has a 1 year low of $28.64 and a 1 year high of $52.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. The stock has a fifty day moving average price of $41.95 and a 200-day moving average price of $44.43.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%.

Benchmark Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a $0.17 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.68 annualized dividend and a yield of 1.67%. Benchmark Electronics’s payout ratio is 39.31%.

Insider Buying and Selling at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the sale, the chief executive officer now directly owns 448,180 shares in the company, valued at approximately $17,398,347.60. The trade was a 1.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by corporate insiders.

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.