Proficio Capital Partners LLC Buys New Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Proficio Capital Partners LLC acquired a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,113 shares of the technology company's stock, valued at approximately $868,000. Proficio Capital Partners LLC owned about 0.05% of Benchmark Electronics at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BHE. Victory Capital Management Inc. lifted its holdings in shares of Benchmark Electronics by 55.2% during the 3rd 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 during the last quarter. KBC Group NV raised its position in Benchmark Electronics by 125.3% during the third quarter. KBC Group NV now owns 1,534 shares of the technology company's stock valued at $68,000 after acquiring an additional 853 shares in the last quarter. Natixis Advisors LLC lifted its stake in Benchmark Electronics by 8.3% in the third quarter. Natixis Advisors LLC now owns 27,233 shares of the technology company's stock valued at $1,207,000 after acquiring an additional 2,078 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Benchmark Electronics in the third quarter worth approximately $945,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Benchmark Electronics during the 3rd quarter worth $3,334,000. Hedge funds and other institutional investors own 92.29% of the company's stock.

Insider Activity

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 completion of the transaction, the chief executive officer now owns 448,180 shares of the company's stock, valued at approximately $17,398,347.60. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by company insiders.

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Benchmark Electronics Stock Performance

Shares of NYSE BHE traded down $0.71 during trading hours on Tuesday, hitting $40.60. 318,344 shares of the stock were exchanged, compared to its average volume of 296,123. Benchmark Electronics, Inc. has a one year low of $28.64 and a one year high of $52.57. The company's 50 day moving average is $42.08 and its 200 day moving average is $44.42. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. The firm has a market capitalization of $1.46 billion, a P/E ratio of 23.47 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.67%. Benchmark Electronics's dividend payout ratio (DPR) is presently 39.31%.

Wall Street Analyst Weigh In

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

Benchmark Electronics 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.