Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 83.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,383 shares of the technology company's stock after selling 89,673 shares during the quarter. Jane Street Group LLC's holdings in Benchmark Electronics were worth $770,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in BHE. Victory Capital Management Inc. raised its stake in Benchmark Electronics by 55.2% in the third quarter. Victory Capital Management Inc. now owns 39,439 shares of the technology company's stock valued at $1,748,000 after buying an additional 14,020 shares in the last quarter. FMR LLC lifted its stake in Benchmark Electronics by 27.3% during the third quarter. FMR LLC now owns 120,126 shares of the technology company's stock worth $5,324,000 after purchasing an additional 25,769 shares during the last quarter. Algert Global LLC boosted its holdings in Benchmark Electronics by 428.1% in the third quarter. Algert Global LLC now owns 32,887 shares of the technology company's stock valued at $1,458,000 after purchasing an additional 26,660 shares in the last quarter. Millennium Management LLC increased its stake in Benchmark Electronics by 85.9% in the second quarter. Millennium Management LLC now owns 446,176 shares of the technology company's stock valued at $17,606,000 after purchasing an additional 206,114 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Benchmark Electronics by 8.9% during the third quarter. Pacer Advisors Inc. now owns 1,944,347 shares of the technology company's stock worth $86,173,000 after purchasing an additional 159,659 shares in the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Needham & Company LLC upped their price objective on shares of Benchmark Electronics from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $42.33.

Insiders Place Their Bets

In other news, SVP Rhonda R. Turner sold 6,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 47,991 shares of the company's stock, valued at $2,254,617.18. This trade represents a 11.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeff Benck sold 24,000 shares of the company'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 transaction, the chief executive officer now directly owns 424,173 shares in the company, valued at $19,469,540.70. This represents a 5.36 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Benchmark Electronics Stock Performance

Shares of BHE traded up $0.86 during mid-day trading on Friday, reaching $46.18. 151,252 shares of the company's stock were exchanged, compared to its average volume of 138,376. The business's fifty day simple moving average is $47.46 and its 200-day simple moving average is $43.82. The stock has a market capitalization of $1.66 billion, a PE ratio of 26.85 and a beta of 0.99. Benchmark Electronics, Inc. has a 52-week low of $25.35 and a 52-week high of $52.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.00 million. During the same period last year, the firm posted $0.57 EPS. Benchmark Electronics's revenue for the quarter was down 8.6% on a year-over-year basis.

Benchmark Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.47%. Benchmark Electronics's payout ratio 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.