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

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

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 Stock Performance

Benchmark Electronics stock traded up $0.84 during mid-day trading on Wednesday, hitting $47.84. The company had a trading volume of 167,276 shares, compared to its average volume of 171,306. The company has a current ratio of 2.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. Benchmark Electronics, Inc. has a 12-month low of $25.35 and a 12-month high of $52.57. The company’s fifty day moving average is $47.57 and its 200-day moving average is $44.21. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 27.81 and a beta of 1.00.

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

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.17 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.68 annualized dividend and a yield of 1.42%. Benchmark Electronics’s dividend payout ratio is presently 39.53%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BHE shares. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 target price on shares of Benchmark Electronics in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.33.

Institutional Investors Weigh In On Benchmark Electronics

Hedge funds have recently bought and sold shares of the stock. Quest Partners LLC purchased a new stake in Benchmark Electronics in the 2nd quarter worth approximately $41,000. Quarry LP raised its position in Benchmark Electronics by 172.5% during the second quarter. Quarry LP now owns 1,379 shares of the technology company’s stock worth $54,000 after acquiring an additional 873 shares during the period. KBC Group NV lifted its holdings in Benchmark Electronics by 125.3% during the third quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock valued at $68,000 after purchasing an additional 853 shares in the last quarter. CWM LLC lifted its holdings in Benchmark Electronics by 54.2% during the third quarter. CWM LLC now owns 1,706 shares of the technology company’s stock valued at $76,000 after purchasing an additional 600 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Benchmark Electronics by 161.3% in the third quarter. GAMMA Investing LLC now owns 2,255 shares of the technology company’s stock valued at $100,000 after purchasing an additional 1,392 shares during the period. Hedge funds and other institutional investors 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.