Fmr LLC Acquires 25,769 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

FMR LLC boosted its stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 27.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 120,126 shares of the technology company's stock after acquiring an additional 25,769 shares during the quarter. FMR LLC owned 0.33% of Benchmark Electronics worth $5,324,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Benchmark Electronics by 65.7% during the 2nd quarter. UMB Bank n.a. now owns 686 shares of the technology company's stock worth $27,000 after buying an additional 272 shares during the last quarter. Quest Partners LLC acquired a new stake in Benchmark Electronics in the 2nd quarter valued at about $41,000. CWM LLC grew its holdings in Benchmark Electronics by 81.9% during the 2nd quarter. CWM LLC now owns 1,106 shares of the technology company's stock valued at $44,000 after buying an additional 498 shares during the last quarter. Quarry LP raised its stake in Benchmark Electronics by 172.5% in the 2nd quarter. Quarry LP now owns 1,379 shares of the technology company's stock valued at $54,000 after purchasing an additional 873 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Benchmark Electronics during the 2nd quarter worth $61,000. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Benchmark Electronics

In other news, SVP Rhonda R. Turner sold 6,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $46.98, for a total transaction of $281,880.00. Following the completion of the transaction, the senior vice president now owns 47,991 shares of the company's stock, valued at approximately $2,254,617.18. This represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeff Benck sold 24,000 shares of the firm'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 completion of the transaction, the chief executive officer now directly owns 424,173 shares of the company's stock, valued at approximately $19,469,540.70. This trade represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

Benchmark Electronics Price Performance

Shares of BHE stock traded down $0.24 during midday trading on Friday, reaching $48.33. 135,512 shares of the company were exchanged, compared to its average volume of 300,703. The company's 50 day moving average price is $46.61 and its two-hundred day moving average price is $43.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 2.36. The company has a market cap of $1.74 billion, a P/E ratio of 28.27 and a beta of 0.99. Benchmark Electronics, Inc. has a 12 month low of $25.35 and a 12 month high of $52.57.

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

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.41%. Benchmark Electronics's dividend payout ratio is 39.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC lifted their price objective on Benchmark Electronics from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Friday, November 1st. StockNews.com lowered shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $42.33.

Benchmark Electronics 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.