Benchmark Electronics, Inc. (NYSE:BHE) Shares Acquired by Swiss National Bank

Swiss National Bank grew its position in Benchmark Electronics, Inc. (NYSE:BHE – Get Rating) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,900 shares of the technology company’s stock after buying an additional 1,600 shares during the quarter. Swiss National Bank owned 0.24% of Benchmark Electronics worth $2,266,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its holdings in Benchmark Electronics by 3.7% during the 1st quarter. BlackRock Inc. now owns 6,052,712 shares of the technology company’s stock worth $151,562,000 after buying an additional 216,934 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Benchmark Electronics by 4.5% during the third quarter. Vanguard Group Inc. now owns 4,074,295 shares of the technology company’s stock worth $100,961,000 after purchasing an additional 173,727 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Benchmark Electronics by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 2,905,862 shares of the technology company’s stock worth $72,763,000 after purchasing an additional 83,980 shares in the last quarter. State Street Corp increased its position in shares of Benchmark Electronics by 0.5% during the third quarter. State Street Corp now owns 1,409,747 shares of the technology company’s stock worth $35,166,000 after purchasing an additional 6,838 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Benchmark Electronics by 0.3% during the second quarter. Northern Trust Corp now owns 803,199 shares of the technology company’s stock worth $18,120,000 after purchasing an additional 2,639 shares in the last quarter. 93.41% of the stock is owned by institutional investors and hedge funds.

Benchmark Electronics Stock Performance

BHE opened at $23.37 on Friday. The stock has a market cap of $832.44 million, a P/E ratio of 11.86 and a beta of 1.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.38 and a quick ratio of 1.28. The stock’s 50 day simple moving average is $22.24 and its 200 day simple moving average is $25.25. Benchmark Electronics, Inc. has a 1-year low of $20.58 and a 1-year high of $30.00.

Benchmark Electronics (NYSE:BHE – Get Rating) last announced its earnings results on Wednesday, May 3rd. The technology company reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. Benchmark Electronics had a return on equity of 7.31% and a net margin of 2.36%. The firm had revenue of $694.70 million for the quarter, compared to analysts’ expectations of $660.00 million. During the same quarter in the prior year, the firm earned $0.44 EPS. Benchmark Electronics’s quarterly revenue was up 9.2% on a year-over-year basis.

Benchmark Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Investors of record on Friday, March 31st were paid a $0.165 dividend. The ex-dividend date was Thursday, March 30th. This represents a $0.66 dividend on an annualized basis and a yield of 2.82%. Benchmark Electronics’s dividend payout ratio (DPR) is 33.50%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com assumed coverage on Benchmark Electronics in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Needham & Company LLC dropped their price target on Benchmark Electronics from $35.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, February 2nd.

About Benchmark Electronics

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Benchmark Electronics, Inc engages in the provision of integrated electronic manufacturing services, engineering and design services, and precision machining services. It operates through the following segments: Americas, Asia, and Europe. The firm offers services to original equipment manufacturers of industrial control telecommunication equipment, computers, and related products for business enterprises, medical devices, and testing and instrumentation products.