7,519 Shares in Benchmark Electronics, Inc. (NYSE:BHE) Bought by AlphaQuest LLC

AlphaQuest LLC purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,519 shares of the technology company's stock, valued at approximately $341,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in shares of Benchmark Electronics by 8.9% during the 3rd 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 in the last quarter. Franklin Resources Inc. grew its position in Benchmark Electronics by 0.6% during the third quarter. Franklin Resources Inc. now owns 1,897,568 shares of the technology company's stock worth $84,081,000 after buying an additional 11,738 shares in the last quarter. Geode Capital Management LLC increased its stake in Benchmark Electronics by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 841,602 shares of the technology company's stock worth $37,307,000 after acquiring an additional 21,355 shares during the period. Wasatch Advisors LP raised its holdings in Benchmark Electronics by 19.5% in the 3rd quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company's stock valued at $36,364,000 after acquiring an additional 133,602 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position 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 valued at $18,977,000 after acquiring an additional 109,903 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Benchmark Electronics

In other news, CEO Jeff Benck sold 6,000 shares of the company's stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $45.31, for a total value of $271,860.00. Following the completion of the transaction, the chief executive officer now owns 418,173 shares of the company's stock, valued at $18,947,418.63. This represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company's stock.

Benchmark Electronics Price Performance

Shares of BHE traded down $0.70 during midday trading on Tuesday, hitting $39.99. The company's stock had a trading volume of 450,686 shares, compared to its average volume of 287,174. 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, Inc. has a one year low of $27.44 and a one year high of $52.57. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 23.11 and a beta of 0.97. The company's fifty day simple moving average is $42.59 and its two-hundred day simple moving average is $44.45.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued 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 return on equity of 6.68% and a net margin of 2.38%.

Benchmark Electronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be given a $0.17 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.70%. Benchmark Electronics's dividend payout ratio is currently 39.31%.

Wall Street Analyst Weigh In

BHE has been the topic of a number of recent analyst reports. Needham & Company LLC raised their price target on Benchmark Electronics from $48.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. StockNews.com raised shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Benchmark Electronics Company 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.