Intech Investment Management LLC Invests $1.06 Million in Benchmark Electronics, Inc. (NYSE:BHE)

Intech Investment Management LLC acquired a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,993 shares of the technology company's stock, valued at approximately $1,063,000. Intech Investment Management LLC owned 0.07% of Benchmark Electronics at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BHE. Jennison Associates LLC bought a new stake in shares of Benchmark Electronics during the 3rd quarter worth about $1,201,000. Segall Bryant & Hamill LLC bought a new stake in shares of Benchmark Electronics during the third quarter worth approximately $3,334,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Benchmark Electronics in the third quarter valued at approximately $945,000. Natixis Advisors LLC increased its stake in shares of Benchmark Electronics by 8.3% during the third quarter. Natixis Advisors LLC now owns 27,233 shares of the technology company's stock worth $1,207,000 after purchasing an additional 2,078 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Benchmark Electronics by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 173,894 shares of the technology company's stock worth $7,707,000 after purchasing an additional 8,844 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Benchmark Electronics

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

Analyst Ratings Changes

Several research firms have weighed in on BHE. Lake Street Capital increased their price objective on Benchmark Electronics from $35.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, Needham & Company LLC increased their target price on shares of 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 given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $42.33.

Benchmark Electronics Price Performance

Benchmark Electronics stock traded down $0.23 during trading hours on Thursday, reaching $48.05. 133,954 shares of the stock were exchanged, compared to its average volume of 306,022. 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 $24.75 and a twelve month high of $52.57. The company has a market cap of $1.73 billion, a P/E ratio of 27.92 and a beta of 0.97. The stock has a 50 day moving average of $45.64 and a two-hundred day moving average of $42.80.

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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from Benchmark Electronics's previous quarterly dividend of $0.17. This represents a $0.68 annualized dividend and a yield of 1.42%. Benchmark Electronics's dividend payout ratio (DPR) is 39.53%.

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.