Nicola Wealth Management LTD. Has $4.20 Million Position in Benchmark Electronics, Inc. (NYSE:BHE)

Nicola Wealth Management LTD. lessened its position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,600 shares of the technology company's stock after selling 12,000 shares during the period. Nicola Wealth Management LTD. owned about 0.26% of Benchmark Electronics worth $4,204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates grew its holdings in Benchmark Electronics by 6.4% during the third quarter. Raymond James & Associates now owns 71,251 shares of the technology company's stock worth $3,158,000 after purchasing an additional 4,291 shares during the period. Principal Financial Group Inc. increased its stake in shares of Benchmark Electronics by 3.7% during the third quarter. Principal Financial Group Inc. now owns 184,332 shares of the technology company's stock worth $8,170,000 after purchasing an additional 6,561 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Benchmark Electronics by 16.8% during the third quarter. Crossmark Global Holdings Inc. now owns 8,329 shares of the technology company's stock worth $369,000 after buying an additional 1,195 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Benchmark Electronics by 8.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 46,805 shares of the technology company's stock worth $2,074,000 after purchasing an additional 3,683 shares in the last quarter. Finally, Versor Investments LP raised its position in shares of Benchmark Electronics by 2.2% in the third quarter. Versor Investments LP now owns 14,115 shares of the technology company's stock valued at $626,000 after buying an additional 300 shares in the last quarter. Institutional investors own 92.29% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently issued reports on BHE shares. StockNews.com raised Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Needham & Company LLC increased their price objective on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Benchmark Electronics Price Performance

Shares of BHE stock traded down $0.18 during trading hours on Friday, reaching $38.20. The company's stock had a trading volume of 266,687 shares, compared to its average volume of 291,471. Benchmark Electronics, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $52.57. The firm's 50 day simple moving average is $43.55 and its 200-day simple moving average is $44.58. The company has a quick ratio of 1.46, a current ratio of 2.32 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 22.08 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.17 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.78%. Benchmark Electronics's payout ratio is presently 39.31%.

Insiders Place Their Bets

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the business's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $45.31, for a total transaction of $271,860.00. Following the sale, the chief executive officer now directly owns 418,173 shares of the company's stock, valued at $18,947,418.63. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.10% of the company's stock.

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.