Highland Capital Management LLC Purchases 337 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Highland Capital Management LLC lifted its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 6.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,620 shares of the technology company’s stock after purchasing an additional 337 shares during the quarter. Highland Capital Management LLC’s holdings in Benchmark Electronics were worth $255,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Millennium Management LLC boosted its position in Benchmark Electronics by 85.9% during the second quarter. Millennium Management LLC now owns 446,176 shares of the technology company’s stock valued at $17,606,000 after acquiring an additional 206,114 shares during the last quarter. Pacer Advisors Inc. grew its stake in Benchmark Electronics by 8.9% during the third quarter. Pacer Advisors Inc. now owns 1,944,347 shares of the technology company’s stock worth $86,173,000 after purchasing an additional 159,659 shares during the period. Wasatch Advisors LP lifted its stake in Benchmark Electronics by 19.5% in the third quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company’s stock valued at $36,364,000 after buying an additional 133,602 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Benchmark Electronics by 34.5% during the 3rd quarter. Wellington Management Group LLP now owns 428,181 shares of the technology company’s stock worth $18,977,000 after buying an additional 109,903 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Benchmark Electronics during the 3rd quarter worth approximately $3,334,000. Institutional investors own 92.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Needham & Company LLC upped their price objective on shares of Benchmark Electronics from $48.00 to $50.00 and gave the company a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Activity

In other Benchmark Electronics news, CEO Jeff Benck sold 24,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $45.90, for a total value of $1,101,600.00. Following the completion of the sale, the chief executive officer now owns 424,173 shares in the company, valued at approximately $19,469,540.70. This trade represents a 5.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Rhonda R. Turner sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $46.98, for a total value of $281,880.00. Following the completion of the transaction, the senior vice president now owns 47,991 shares in the company, valued at $2,254,617.18. The trade was a 11.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,000 shares of company stock worth $1,655,340 over the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

Benchmark Electronics Price Performance

Shares of BHE opened at $42.71 on Friday. The business’s fifty day moving average is $46.84 and its 200 day moving average is $44.74. Benchmark Electronics, Inc. has a 12-month low of $27.04 and a 12-month high of $52.57. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.54 billion, a P/E ratio of 24.69 and a beta of 1.00.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.71%.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Tuesday, December 31st. Benchmark Electronics’s dividend payout ratio (DPR) is presently 39.31%.

Benchmark Electronics 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.