Intech Investment Management LLC Has $738,000 Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Intech Investment Management LLC lowered its stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,251 shares of the technology company's stock after selling 7,742 shares during the quarter. Intech Investment Management LLC's holdings in Benchmark Electronics were worth $738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. increased its holdings in Benchmark Electronics by 0.6% in the third quarter. Franklin Resources Inc. now owns 1,897,568 shares of the technology company's stock valued at $84,081,000 after purchasing an additional 11,738 shares during the last quarter. Geode Capital Management LLC raised its position 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 valued at $37,307,000 after acquiring an additional 21,355 shares during the period. Wasatch Advisors LP raised its position in shares of Benchmark Electronics by 19.5% in the 3rd quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company's stock valued at $36,364,000 after acquiring an additional 133,602 shares during the period. Wellington Management Group LLP boosted its stake in Benchmark Electronics by 34.5% during the 3rd quarter. Wellington Management Group LLP now owns 428,181 shares of the technology company's stock worth $18,977,000 after acquiring an additional 109,903 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its holdings in Benchmark Electronics by 10.1% during the third quarter. Kovitz Investment Group Partners LLC now owns 193,205 shares of the technology company's stock valued at $8,555,000 after purchasing an additional 17,697 shares during the period. 92.29% of the stock is currently owned by institutional investors.

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Insider Transactions at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total value of $232,920.00. Following the transaction, the chief executive officer now directly owns 448,180 shares in the company, valued at approximately $17,398,347.60. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BHE has been the subject of several research analyst reports. StockNews.com raised shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Needham & Company LLC boosted their target price on Benchmark Electronics from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Benchmark Electronics presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Benchmark Electronics Stock Down 0.2 %

NYSE BHE traded down $0.09 during trading on Thursday, hitting $39.75. The stock had a trading volume of 298,545 shares, compared to its average volume of 296,191. Benchmark Electronics, Inc. has a 12 month low of $28.64 and a 12 month high of $52.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. The company's 50-day moving average price is $41.79 and its two-hundred day moving average price is $44.39. The company has a market capitalization of $1.43 billion, a PE ratio of 22.98 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its earnings results 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, March 31st. Benchmark Electronics's payout ratio is 39.31%.

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.