Vanguard Group Inc. Decreases Stock Position in Benchmark Electronics, Inc. (NYSE:BHE)

Vanguard Group Inc. decreased its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,627,222 shares of the technology company’s stock after selling 15,530 shares during the period. Vanguard Group Inc. owned about 12.97% of Benchmark Electronics worth $112,256,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of Benchmark Electronics by 135.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the technology company’s stock worth $39,000 after acquiring an additional 917 shares during the last quarter. Lazard Asset Management LLC grew its stake in Benchmark Electronics by 25.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock valued at $64,000 after purchasing an additional 526 shares in the last quarter. State of Wyoming increased its holdings in Benchmark Electronics by 66.6% during the 4th quarter. State of Wyoming now owns 3,138 shares of the technology company’s stock worth $84,000 after purchasing an additional 1,254 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Benchmark Electronics by 70.4% in the 1st quarter. Captrust Financial Advisors now owns 4,817 shares of the technology company’s stock valued at $121,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Benchmark Electronics by 14.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,578 shares of the technology company’s stock valued at $140,000 after buying an additional 702 shares during the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.

Benchmark Electronics Price Performance

Shares of BHE opened at $30.20 on Thursday. The company has a current ratio of 2.29, a quick ratio of 1.33 and a debt-to-equity ratio of 0.30. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 16.78 and a beta of 1.02. Benchmark Electronics, Inc. has a 52 week low of $20.58 and a 52 week high of $31.75. The stock has a 50 day moving average of $29.66 and a 200-day moving average of $26.90.

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

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.66 annualized dividend and a yield of 2.19%. Benchmark Electronics’s dividend payout ratio (DPR) is 36.67%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 1st. StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Friday, February 9th.

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.