Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 41.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,544 shares of the technology company’s stock after selling 18,326 shares during the period. Teacher Retirement System of Texas owned 0.07% of Benchmark Electronics worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Boston Partners raised its holdings in shares of Benchmark Electronics by 42.6% during the 3rd quarter. Boston Partners now owns 149,208 shares of the technology company’s stock worth $3,620,000 after acquiring an additional 44,579 shares during the period. First Eagle Investment Management LLC grew its stake in shares of Benchmark Electronics by 119.4% in the 3rd quarter. First Eagle Investment Management LLC now owns 249,809 shares of the technology company’s stock valued at $6,060,000 after buying an additional 135,932 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Benchmark Electronics by 4.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,810 shares of the technology company’s stock worth $384,000 after buying an additional 739 shares during the last quarter. Deutsche Bank AG raised its position in shares of Benchmark Electronics by 1.3% during the 3rd quarter. Deutsche Bank AG now owns 142,132 shares of the technology company’s stock valued at $3,448,000 after buying an additional 1,779 shares during the period. Finally, Trust Point Inc. acquired a new position in Benchmark Electronics in the fourth quarter valued at approximately $445,000. 92.29% of the stock is owned by hedge funds and other institutional investors.

Benchmark Electronics Stock Performance

Shares of Benchmark Electronics stock opened at $43.52 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 1.41. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 23.69 and a beta of 1.00. The business has a 50-day moving average of $33.15 and a 200 day moving average of $29.50. Benchmark Electronics, Inc. has a 12 month low of $22.66 and a 12 month high of $43.68.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The firm had revenue of $675.58 million during the quarter. Benchmark Electronics had a net margin of 2.34% and a return on equity of 7.20%.

Benchmark Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 dividend on an annualized basis and a yield of 1.52%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 36.07%.

Wall Street Analyst Weigh In

A number of research firms have commented on BHE. Fox Advisors downgraded Benchmark Electronics from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th. Needham & Company LLC upped their target price on shares of Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, May 6th. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Sidoti lowered shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Monday, April 29th.

Insider Buying and Selling

In other news, Director Jeffrey Stephen Mccreary sold 10,000 shares of Benchmark Electronics stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total value of $394,900.00. Following the completion of the transaction, the director now owns 45,062 shares in the company, valued at approximately $1,779,498.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Benchmark Electronics news, CFO Arvind Kamal sold 783 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $38.38, for a total value of $30,051.54. Following the sale, the chief financial officer now directly owns 20,735 shares in the company, valued at $795,809.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey Stephen Mccreary sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total value of $394,900.00. Following the transaction, the director now directly owns 45,062 shares of the company’s stock, valued at $1,779,498.38. The disclosure for this sale can be found here. Insiders sold 17,560 shares of company stock valued at $688,374 in the last three months. 2.10% of the stock is owned by corporate insiders.

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.