Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHEFree Report) by 3.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 201,365 shares of the technology company’s stock after selling 7,076 shares during the quarter. Principal Financial Group Inc.’s holdings in Benchmark Electronics were worth $4,885,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BHE. Lazard Asset Management LLC boosted its stake in shares of Benchmark Electronics by 25.8% in the first quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock valued at $64,000 after buying an additional 526 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Benchmark Electronics by 5.3% during the 2nd quarter. Inspire Investing LLC now owns 12,162 shares of the technology company’s stock worth $314,000 after purchasing an additional 617 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Benchmark Electronics by 5.5% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 11,914 shares of the technology company’s stock valued at $307,000 after purchasing an additional 617 shares in the last quarter. Advisor Group Holdings Inc. lifted its stake in shares of Benchmark Electronics by 14.4% in the first quarter. Advisor Group Holdings Inc. now owns 5,578 shares of the technology company’s stock valued at $140,000 after purchasing an additional 702 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Benchmark Electronics by 4.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,810 shares of the technology company’s stock valued at $384,000 after purchasing an additional 739 shares during the period. Institutional investors and hedge funds own 92.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BHE shares. Needham & Company LLC increased their target price 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 raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 1st.

View Our Latest Report on BHE

Benchmark Electronics Price Performance

Benchmark Electronics stock opened at $29.35 on Wednesday. The firm has a market capitalization of $1.05 billion, a PE ratio of 16.30 and a beta of 1.01. Benchmark Electronics, Inc. has a 52 week low of $20.58 and a 52 week high of $31.09. The firm’s 50-day simple moving average is $27.04 and its 200 day simple moving average is $25.59. The company has a quick ratio of 1.33, a current ratio of 2.29 and a debt-to-equity ratio of 0.30.

Benchmark Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Thursday, December 28th. Benchmark Electronics’s dividend payout ratio (DPR) is presently 36.67%.

Benchmark Electronics Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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