Arrowstreet Capital Limited Partnership Sells 11,237 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Arrowstreet Capital Limited Partnership lowered its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 20.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,598 shares of the technology company's stock after selling 11,237 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.12% of Benchmark Electronics worth $1,934,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of BHE. Norges Bank acquired a new stake in shares of Benchmark Electronics during the 4th quarter valued at $5,302,000. JPMorgan Chase & Co. raised its position in Benchmark Electronics by 45.2% in the fourth quarter. JPMorgan Chase & Co. now owns 815,499 shares of the technology company's stock valued at $37,024,000 after purchasing an additional 253,730 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Benchmark Electronics by 31.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 98,599 shares of the technology company's stock valued at $4,476,000 after purchasing an additional 23,374 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Benchmark Electronics by 46.6% during the fourth quarter. Prudential Financial Inc. now owns 99,065 shares of the technology company's stock worth $4,660,000 after purchasing an additional 31,490 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Benchmark Electronics by 8.3% during the 4th quarter. LPL Financial LLC now owns 15,067 shares of the technology company's stock worth $684,000 after buying an additional 1,156 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.

Benchmark Electronics Trading Down 1.2 %

BHE stock traded down $0.43 during midday trading on Wednesday, hitting $35.43. The stock had a trading volume of 30,391 shares, compared to its average volume of 329,254. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.28 billion, a P/E ratio of 20.54 and a beta of 0.83. The business has a fifty day moving average price of $38.86 and a two-hundred day moving average price of $43.60. Benchmark Electronics, Inc. has a 1-year low of $29.09 and a 1-year high of $52.57.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Monday, March 31st. Benchmark Electronics's payout ratio is 39.31%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BHE. StockNews.com raised 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 target price on Benchmark Electronics from $48.00 to $50.00 and gave the stock 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 given a buy rating to the stock. According to data from MarketBeat.com, Benchmark Electronics presently has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Insider Buying and Selling

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the business's stock in a transaction 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 approximately $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 can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

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.