Benchmark Electronics, Inc. (NYSE:BHE) Stock Holdings Increased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 10.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 193,205 shares of the technology company's stock after buying an additional 17,697 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.54% of Benchmark Electronics worth $8,555,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new stake in shares of Benchmark Electronics in the second quarter valued at $70,424,000. American Century Companies Inc. boosted its stake in Benchmark Electronics by 176.6% in the 2nd quarter. American Century Companies Inc. now owns 615,036 shares of the technology company's stock worth $24,269,000 after buying an additional 392,699 shares during the last quarter. Millennium Management LLC grew its holdings in Benchmark Electronics by 85.9% in the 2nd quarter. Millennium Management LLC now owns 446,176 shares of the technology company's stock valued at $17,606,000 after buying an additional 206,114 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Benchmark Electronics by 19.5% during the 3rd quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company's stock worth $36,364,000 after acquiring an additional 133,602 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Benchmark Electronics by 34.5% in the third 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. Hedge funds and other institutional investors own 92.29% of the company's stock.

Benchmark Electronics Stock Down 1.6 %

Shares of NYSE BHE traded down $0.78 during trading on Friday, reaching $47.62. 239,087 shares of the stock were exchanged, compared to its average volume of 217,335. Benchmark Electronics, Inc. has a twelve month low of $24.93 and a twelve month high of $52.57. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 27.69 and a beta of 0.99. The business's 50-day moving average price is $46.23 and its 200 day moving average price is $43.17.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.03. The firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.00 million. Benchmark Electronics had a net margin of 2.32% and a return on equity of 6.81%. The firm's revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS.

Benchmark Electronics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a $0.17 dividend. This is a positive change from Benchmark Electronics's previous quarterly dividend of $0.17. The ex-dividend date was Monday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.43%. Benchmark Electronics's dividend payout ratio (DPR) is presently 39.53%.

Wall Street Analysts Forecast Growth

BHE has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price target on shares of Benchmark Electronics from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. StockNews.com cut Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Benchmark Electronics has an average rating of "Hold" and an average price target of $42.33.

Insider Activity

In other Benchmark Electronics news, CEO Jeff Benck sold 24,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were 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 owns 424,173 shares in the company, valued at approximately $19,469,540.70. This represents a 5.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the senior vice president now 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 disclosure for this sale can be found here. Company insiders own 2.10% of the company's stock.

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.