Benchmark Electronics, Inc. (NYSE:BHE) CEO Jeff Benck Sells 6,000 Shares

Benchmark Electronics, Inc. (NYSE:BHE - Get Free Report) CEO Jeff Benck sold 6,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total value of $232,920.00. Following the completion of the transaction, the chief executive officer now owns 448,180 shares in the company, valued at $17,398,347.60. The trade was a 1.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jeff Benck also recently made the following trade(s):

• On Monday, January 13th, Jeff Benck sold 6,000 shares of Benchmark Electronics stock. The stock was sold at an average price of $45.31, for a total value of $271,860.00.

Benchmark Electronics Stock Performance

NYSE BHE traded up $1.69 on Monday, reaching $40.99. The stock had a trading volume of 330,004 shares, compared to its average volume of 308,332. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. Benchmark Electronics, Inc. has a 12-month low of $27.44 and a 12-month high of $52.57. The business's 50-day moving average price is $42.70 and its 200 day moving average price is $44.46. The stock has a market cap of $1.48 billion, a P/E ratio of 23.69 and a beta of 0.97.

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 for the quarter, missing analysts' consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%.

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Benchmark Electronics Dividend Announcement

The company also recently disclosed 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 1.66%. Benchmark Electronics's dividend payout ratio (DPR) is 39.31%.

Hedge Funds Weigh In On Benchmark Electronics

Large investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Benchmark Electronics by 19.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,304 shares of the technology company's stock valued at $4,236,000 after purchasing an additional 15,264 shares in the last quarter. Squarepoint Ops LLC grew its stake in Benchmark Electronics by 65.1% during the 4th quarter. Squarepoint Ops LLC now owns 124,656 shares of the technology company's stock valued at $5,659,000 after purchasing an additional 49,157 shares in the last quarter. Tidal Investments LLC acquired a new stake in Benchmark Electronics during the 4th quarter valued at approximately $263,000. State of Wyoming grew its stake in Benchmark Electronics by 213.4% during the 4th quarter. State of Wyoming now owns 3,563 shares of the technology company's stock valued at $162,000 after purchasing an additional 2,426 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Benchmark Electronics by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 10,763 shares of the technology company's stock valued at $489,000 after purchasing an additional 3,309 shares in the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on BHE. Needham & Company LLC boosted their price objective 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. StockNews.com raised Benchmark Electronics from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Benchmark Electronics has a consensus rating of "Moderate Buy" and a consensus target price 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.