91,309 Shares in Benchmark Electronics, Inc. (NYSE:BHE) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 91,309 shares of the technology company's stock, valued at approximately $4,145,000. Raymond James Financial Inc. owned approximately 0.25% of Benchmark Electronics at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wasatch Advisors LP boosted its holdings in Benchmark Electronics by 19.5% in the third quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company's stock worth $36,364,000 after purchasing an additional 133,602 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Benchmark Electronics by 34.5% in the 3rd quarter. Wellington Management Group LLP now owns 428,181 shares of the technology company's stock valued at $18,977,000 after buying an additional 109,903 shares during the period. Barclays PLC boosted its holdings in shares of Benchmark Electronics by 128.8% in the 3rd quarter. Barclays PLC now owns 86,024 shares of the technology company's stock valued at $3,814,000 after buying an additional 48,425 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of Benchmark Electronics during the 4th quarter valued at about $1,870,000. Finally, Algert Global LLC raised its stake in Benchmark Electronics by 428.1% during the third quarter. Algert Global LLC now owns 32,887 shares of the technology company's stock worth $1,458,000 after acquiring an additional 26,660 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Benchmark Electronics

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the completion of the sale, the chief executive officer now directly owns 448,180 shares in the company, valued at $17,398,347.60. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

Benchmark Electronics Stock Performance

NYSE BHE traded down $0.87 on Friday, hitting $38.85. The stock had a trading volume of 355,240 shares, compared to its average volume of 325,345. The company's 50-day moving average is $41.45 and its two-hundred day moving average is $44.42. Benchmark Electronics, Inc. has a one year low of $28.64 and a one year high of $52.57. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 22.45 and a beta of 0.97. The company has a quick ratio of 1.46, a current ratio of 2.32 and a debt-to-equity ratio of 0.24.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.

Benchmark Electronics Announces Dividend

The business 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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Monday, March 31st. Benchmark Electronics's dividend payout ratio is currently 39.31%.

Analyst Ratings Changes

Several research firms have recently commented on BHE. StockNews.com raised Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Needham & Company LLC boosted their price objective on Benchmark Electronics from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Benchmark Electronics has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

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.