Wipfli Financial Advisors LLC acquired a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE – Get Rating) in the third quarter, Holdings Channel reports. The institutional investor acquired 1,192 shares of the technology company’s stock, valued at approximately $30,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BHE. Advisor Group Holdings Inc. increased its position 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 worth $140,000 after purchasing an additional 702 shares during the last quarter. Citigroup Inc. increased its position in shares of Benchmark Electronics by 4.3% during the 1st quarter. Citigroup Inc. now owns 33,788 shares of the technology company’s stock worth $846,000 after purchasing an additional 1,382 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of Benchmark Electronics by 16.6% during the 1st quarter. Natixis Advisors L.P. now owns 14,120 shares of the technology company’s stock worth $354,000 after purchasing an additional 2,012 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Benchmark Electronics by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 19,645 shares of the technology company’s stock worth $492,000 after purchasing an additional 7,132 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Benchmark Electronics by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,366 shares of the technology company’s stock worth $760,000 after purchasing an additional 3,744 shares during the last quarter. 93.41% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages recently issued reports on BHE. StockNews.com began coverage on Benchmark Electronics in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Needham & Company LLC lifted their target price on Benchmark Electronics from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, November 9th.
Insider Transactions at Benchmark Electronics
Benchmark Electronics Stock Performance
NYSE BHE opened at $28.60 on Friday. The company has a market cap of $1.01 billion, a P/E ratio of 17.02 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.01 and a quick ratio of 1.13. The stock has a 50-day moving average of $28.01 and a two-hundred day moving average of $26.74. Benchmark Electronics, Inc. has a 1-year low of $21.11 and a 1-year high of $30.00.
Benchmark Electronics (NYSE:BHE – Get Rating) last released its earnings results on Wednesday, October 26th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $771.58 million during the quarter, compared to the consensus estimate of $738.67 million. Benchmark Electronics had a return on equity of 7.17% and a net margin of 2.15%. Benchmark Electronics’s revenue was up 34.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. As a group, analysts anticipate that Benchmark Electronics, Inc. will post 2.4 EPS for the current year.
Benchmark Electronics Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, December 29th. Benchmark Electronics’s dividend payout ratio is presently 39.29%.
About Benchmark Electronics
Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers 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.
- Get a free copy of the StockNews.com research report on Benchmark Electronics (BHE)
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