81,692 Shares in Benchmark Electronics, Inc. (NYSE:BHE) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 81,692 shares of the technology company's stock, valued at approximately $3,709,000. Edgestream Partners L.P. owned about 0.23% of Benchmark Electronics at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Benchmark Electronics by 55.2% in the third quarter. Victory Capital Management Inc. now owns 39,439 shares of the technology company's stock worth $1,748,000 after buying an additional 14,020 shares during the last quarter. FMR LLC boosted its stake in shares of Benchmark Electronics by 27.3% during the 3rd quarter. FMR LLC now owns 120,126 shares of the technology company's stock worth $5,324,000 after acquiring an additional 25,769 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Benchmark Electronics during the 4th quarter valued at $868,000. Geode Capital Management LLC increased its stake in shares of Benchmark Electronics by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 841,602 shares of the technology company's stock worth $37,307,000 after purchasing an additional 21,355 shares in the last quarter. Finally, Algert Global LLC raised its holdings in Benchmark Electronics by 428.1% in the 3rd quarter. Algert Global LLC now owns 32,887 shares of the technology company's stock worth $1,458,000 after purchasing an additional 26,660 shares during the period. Institutional investors own 92.29% of the company's stock.

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Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 418,173 shares in the company, valued at approximately $18,947,418.63. This trade represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company's stock.

Benchmark Electronics Trading Down 1.3 %

BHE stock traded down $0.51 during trading on Wednesday, hitting $38.58. The company had a trading volume of 347,738 shares, compared to its average volume of 293,808. Benchmark Electronics, Inc. has a 52-week low of $27.44 and a 52-week high of $52.57. The company has a 50 day simple moving average of $43.12 and a 200-day simple moving average of $44.54. The firm has a market capitalization of $1.39 billion, a P/E ratio of 22.30 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 announced its quarterly 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be issued a $0.17 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.76%. Benchmark Electronics's dividend payout ratio is presently 39.31%.

Analyst Upgrades and Downgrades

BHE has been the subject of a number of analyst reports. 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 increased their price target on Benchmark Electronics from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Benchmark Electronics currently 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.