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

Benchmark Electronics, Inc. (NYSE:BHE) CEO Jeff Benck sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total transaction of $232,920.00. Following the completion of the sale, the chief executive officer now owns 448,180 shares in the company, valued at $17,398,347.60. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, January 13th, Jeff Benck sold 6,000 shares of Benchmark Electronics stock. The shares were sold at an average price of $45.31, for a total transaction of $271,860.00.

Benchmark Electronics Trading Down 1.0 %

Shares of NYSE:BHE opened at $38.19 on Friday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 22.07 and a beta of 0.97. Benchmark Electronics, Inc. has a 1-year low of $27.44 and a 1-year high of $52.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. The company has a 50 day moving average price of $42.84 and a 200 day moving average price of $44.45.

Benchmark Electronics (NYSE:BHE) last issued its earnings results 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 return on equity of 6.68% and a net margin of 2.38%.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Monday, March 31st. Benchmark Electronics’s dividend payout ratio is 39.31%.

Analyst Ratings Changes

BHE has been the topic of a number of research analyst reports. 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 raised their price objective on shares of Benchmark Electronics from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Hedge Funds Weigh In On Benchmark Electronics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in Benchmark Electronics by 55.2% in the 3rd quarter. Victory Capital Management Inc. now owns 39,439 shares of the technology company’s stock worth $1,748,000 after purchasing an additional 14,020 shares during the period. FMR LLC boosted its stake in shares of Benchmark Electronics by 27.3% during the 3rd quarter. FMR LLC now owns 120,126 shares of the technology company’s stock valued at $5,324,000 after buying an additional 25,769 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Benchmark Electronics during the 4th quarter valued at $868,000. Geode Capital Management LLC boosted its stake in shares of Benchmark Electronics by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 841,602 shares of the technology company’s stock valued at $37,307,000 after buying an additional 21,355 shares during the period. Finally, Algert Global LLC boosted its stake in shares of Benchmark Electronics by 428.1% during the 3rd quarter. Algert Global LLC now owns 32,887 shares of the technology company’s stock valued at $1,458,000 after buying an additional 26,660 shares during the period. Institutional investors and hedge funds own 92.29% of the company’s stock.

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.