Amundi Has $850,000 Stake in Benchmark Electronics, Inc. (NYSE:BHE)

Amundi boosted its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 203.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,425 shares of the technology company's stock after purchasing an additional 12,355 shares during the quarter. Amundi owned 0.05% of Benchmark Electronics worth $850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Captrust Financial Advisors raised its stake in Benchmark Electronics by 3.8% in the 3rd quarter. Captrust Financial Advisors now owns 6,535 shares of the technology company's stock worth $290,000 after purchasing an additional 242 shares in the last quarter. GAMMA Investing LLC raised its stake in Benchmark Electronics by 12.9% in the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock worth $116,000 after purchasing an additional 292 shares in the last quarter. Heritage Family Offices LLP raised its stake in Benchmark Electronics by 5.7% in the 4th quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company's stock worth $280,000 after purchasing an additional 334 shares in the last quarter. Highland Capital Management LLC raised its stake in Benchmark Electronics by 6.4% in the 4th quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company's stock worth $255,000 after purchasing an additional 337 shares in the last quarter. Finally, KBC Group NV raised its stake in Benchmark Electronics by 40.2% in the 4th quarter. KBC Group NV now owns 2,151 shares of the technology company's stock worth $98,000 after purchasing an additional 617 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company's stock.

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Insider Activity at Benchmark Electronics

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the business'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 sale, the chief executive officer now directly owns 448,180 shares of the company's stock, valued at $17,398,347.60. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.

Benchmark Electronics Price Performance

BHE stock traded down $0.77 during mid-day trading on Friday, hitting $40.21. The stock had a trading volume of 4,446,030 shares, compared to its average volume of 295,618. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24. Benchmark Electronics, Inc. has a 52 week low of $28.64 and a 52 week high of $52.57. The firm has a market capitalization of $1.45 billion, a P/E ratio of 23.25 and a beta of 0.97. The firm has a fifty day simple moving average of $42.16 and a 200 day simple moving average of $44.39.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.55 earnings per share (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 declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, March 31st. Benchmark Electronics's dividend payout ratio (DPR) is presently 39.31%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com raised shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Needham & Company LLC raised their target price on shares of Benchmark Electronics from $48.00 to $50.00 and gave the company a "buy" rating in a 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 stock. According to MarketBeat, Benchmark Electronics has an average rating of "Moderate Buy" and an average price target 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.