Geode Capital Management LLC Has $37.31 Million Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Geode Capital Management LLC lifted its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 841,602 shares of the technology company's stock after buying an additional 21,355 shares during the quarter. Geode Capital Management LLC owned about 2.34% of Benchmark Electronics worth $37,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its holdings in Benchmark Electronics by 65.7% in the 2nd quarter. UMB Bank n.a. now owns 686 shares of the technology company's stock valued at $27,000 after buying an additional 272 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Benchmark Electronics in the second quarter valued at about $41,000. Quarry LP grew its stake in shares of Benchmark Electronics by 172.5% in the second quarter. Quarry LP now owns 1,379 shares of the technology company's stock valued at $54,000 after acquiring an additional 873 shares in the last quarter. Innealta Capital LLC bought a new position in Benchmark Electronics during the second quarter worth about $61,000. Finally, KBC Group NV raised its stake in Benchmark Electronics by 125.3% in the 3rd quarter. KBC Group NV now owns 1,534 shares of the technology company's stock worth $68,000 after purchasing an additional 853 shares in the last quarter. Institutional investors own 92.29% of the company's stock.

Benchmark Electronics Price Performance

Benchmark Electronics stock traded up $0.51 during trading hours on Wednesday, reaching $46.85. 90,127 shares of the stock were exchanged, compared to its average volume of 304,612. 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 twelve month low of $25.35 and a twelve month high of $52.57. The company has a market cap of $1.69 billion, a P/E ratio of 27.24 and a beta of 0.99. The stock has a 50 day moving average of $47.11 and a two-hundred day moving average of $43.56.

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

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.45%. The ex-dividend date is Tuesday, December 31st. Benchmark Electronics's dividend payout ratio (DPR) is presently 39.53%.

Insider Buying and Selling at Benchmark Electronics

In related news, SVP Rhonda R. Turner sold 6,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $46.98, for a total transaction of $281,880.00. Following the sale, the senior vice president now owns 47,991 shares of the company's stock, valued at $2,254,617.18. This trade represents a 11.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeff Benck sold 24,000 shares of the business's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total value of $1,101,600.00. Following the sale, the chief executive officer now owns 424,173 shares in the company, valued at $19,469,540.70. This represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

BHE has been the topic of a number of analyst reports. StockNews.com upgraded shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a research report on Tuesday. Needham & Company LLC increased their price target on Benchmark Electronics from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Benchmark Electronics currently has a consensus rating of "Moderate Buy" and an average target price of $42.33.

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.