Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Benchmark Electronics, Inc. (NYSE:BHE) by 3.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,758 shares of the technology company’s stock after selling 2,794 shares during the period. New York State Teachers Retirement System owned approximately 0.20% of Benchmark Electronics worth $2,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Benchmark Electronics by 2.9% in the 2nd quarter. BlackRock Inc. now owns 6,569,238 shares of the technology company’s stock valued at $169,683,000 after purchasing an additional 187,258 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Benchmark Electronics by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,074,295 shares of the technology company’s stock valued at $100,961,000 after purchasing an additional 173,727 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Benchmark Electronics by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,905,862 shares of the technology company’s stock valued at $72,763,000 after purchasing an additional 83,980 shares in the last quarter. State Street Corp lifted its stake in shares of Benchmark Electronics by 0.5% in the 3rd quarter. State Street Corp now owns 1,409,747 shares of the technology company’s stock valued at $35,166,000 after purchasing an additional 6,838 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Benchmark Electronics by 17.6% in the 3rd quarter. Invesco Ltd. now owns 1,328,401 shares of the technology company’s stock valued at $32,227,000 after purchasing an additional 199,263 shares in the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BHE shares. Needham & Company LLC boosted their price target on Benchmark Electronics from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. StockNews.com lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

Benchmark Electronics Stock Performance

Benchmark Electronics stock opened at $29.92 on Wednesday. The stock’s 50 day moving average price is $29.88 and its 200 day moving average price is $27.23. The firm has a market capitalization of $1.07 billion, a PE ratio of 16.62 and a beta of 1.02. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.33 and a current ratio of 2.29. Benchmark Electronics, Inc. has a one year low of $20.58 and a one year high of $31.75.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Wednesday, January 31st. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Benchmark Electronics had a return on equity of 6.95% and a net margin of 2.27%. The company had revenue of $691.35 million for the quarter.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Wednesday, March 27th. Benchmark Electronics’s payout ratio is 36.67%.

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.