Jeff Benck Sells 6,000 Shares of Benchmark Electronics, Inc. (NYSE:BHE) Stock

Benchmark Electronics, Inc. (NYSE:BHE) CEO Jeff Benck sold 6,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $45.31, for a total transaction of $271,860.00. Following the sale, the chief executive officer now directly owns 418,173 shares of the company’s stock, valued at $18,947,418.63. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jeff Benck also recently made the following trade(s):

• On Tuesday, November 5th, Jeff Benck sold 24,000 shares of Benchmark Electronics stock. The stock was sold at an average price of $45.90, for a total value of $1,101,600.00.

Benchmark Electronics Price Performance

Shares of BHE opened at $48.07 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45. The company’s fifty day moving average price is $47.35 and its 200-day moving average price is $44.32. Benchmark Electronics, Inc. has a 1-year low of $25.54 and a 1-year high of $52.57. The firm has a market capitalization of $1.73 billion, a PE ratio of 27.95 and a beta of 1.00.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.00 million. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS.

Benchmark Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.68 annualized dividend and a yield of 1.41%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 39.53%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $48.00 price target on shares of Benchmark Electronics in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.33.

Hedge Funds Weigh In On Benchmark Electronics

A number of institutional investors have recently bought and sold shares of BHE. Quest Partners LLC acquired a new stake in shares of Benchmark Electronics in the second quarter worth $41,000. American Century Companies Inc. grew its position in Benchmark Electronics by 176.6% during the 2nd quarter. American Century Companies Inc. now owns 615,036 shares of the technology company’s stock worth $24,269,000 after purchasing an additional 392,699 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Benchmark Electronics by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,012,717 shares of the technology company’s stock valued at $118,881,000 after buying an additional 12,112 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of Benchmark Electronics in the 2nd quarter valued at about $70,424,000. Finally, Public Sector Pension Investment Board boosted its stake in shares of Benchmark Electronics by 7.1% in the second quarter. Public Sector Pension Investment Board now owns 79,343 shares of the technology company’s stock worth $3,131,000 after buying an additional 5,292 shares during the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

About Benchmark Electronics

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.