Jeff Benck Sells 6,000 Shares of Benchmark Electronics, Inc. (NYSE:BHE) Stock

Benchmark Electronics, Inc. (NYSE:BHE) CEO Jeff Benck sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $45.31, for a total transaction of $271,860.00. Following the completion of the sale, the chief executive officer now directly owns 418,173 shares of the company’s stock, valued at $18,947,418.63. The trade was a 1.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Jeff Benck also recently made the following trade(s):

• On Tuesday, November 5th, Jeff Benck sold 24,000 shares of Benchmark Electronics stock. The shares were sold at an average price of $45.90, for a total transaction of $1,101,600.00.

Benchmark Electronics Trading Down 0.4 %

Shares of NYSE:BHE opened at $47.64 on Friday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 27.70 and a beta of 1.00. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25. Benchmark Electronics, Inc. has a 12 month low of $25.35 and a 12 month high of $52.57. The company’s fifty day simple moving average is $47.42 and its 200 day simple moving average is $44.26.

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

Benchmark Electronics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, December 31st. Benchmark Electronics’s dividend payout ratio (DPR) is currently 39.53%.

Institutional Trading of Benchmark Electronics

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC acquired a new position in Benchmark Electronics during the second quarter worth $41,000. Quarry LP lifted its position in Benchmark Electronics by 172.5% during the 2nd quarter. Quarry LP now owns 1,379 shares of the technology company’s stock worth $54,000 after buying an additional 873 shares in the last quarter. KBC Group NV boosted its stake in shares of Benchmark Electronics by 125.3% during the 3rd quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock worth $68,000 after buying an additional 853 shares during the last quarter. CWM LLC grew its holdings in shares of Benchmark Electronics by 54.2% in the 3rd quarter. CWM LLC now owns 1,706 shares of the technology company’s stock valued at $76,000 after acquiring an additional 600 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Benchmark Electronics by 161.3% in the third quarter. GAMMA Investing LLC now owns 2,255 shares of the technology company’s stock valued at $100,000 after acquiring an additional 1,392 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on BHE shares. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and set a $48.00 price objective on shares of Benchmark Electronics in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Benchmark Electronics has a consensus rating of “Moderate Buy” and a consensus price target of $42.33.

Benchmark Electronics Company 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.