Integrated Quantitative Investments LLC Makes New $1.02 Million Investment in Benchmark Electronics, Inc. (NYSE:BHE)

Integrated Quantitative Investments LLC purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 22,500 shares of the technology company's stock, valued at approximately $1,022,000. Integrated Quantitative Investments LLC owned about 0.06% of Benchmark Electronics at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust purchased a new position in Benchmark Electronics during the fourth quarter valued at $50,000. KBC Group NV raised its stake in shares of Benchmark Electronics by 40.2% in the fourth quarter. KBC Group NV now owns 2,151 shares of the technology company's stock worth $98,000 after buying an additional 617 shares during the period. GAMMA Investing LLC lifted its position in shares of Benchmark Electronics by 12.9% during the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock valued at $116,000 after buying an additional 292 shares in the last quarter. Glenmede Trust Co. NA bought a new position in shares of Benchmark Electronics during the 3rd quarter valued at approximately $238,000. Finally, Summit Global Investments purchased a new stake in Benchmark Electronics in the 4th quarter worth approximately $242,000. Institutional investors own 92.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BHE. Needham & Company LLC lifted their price target 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 shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Insider Transactions at Benchmark Electronics

In other 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 transaction of $232,920.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company's stock.

Benchmark Electronics Price Performance

Shares of Benchmark Electronics stock traded up $0.70 on Wednesday, hitting $33.64. 76,370 shares of the company traded hands, compared to its average volume of 328,051. Benchmark Electronics, Inc. has a 52 week low of $28.64 and a 52 week high of $52.57. The business has a 50-day simple moving average of $39.63 and a 200 day simple moving average of $43.96. 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 stock has a market capitalization of $1.21 billion, a P/E ratio of 19.44 and a beta of 0.83.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Monday, March 31st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Monday, March 31st. Benchmark Electronics's payout ratio is 39.31%.

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.