Benchmark Electronics, Inc. (NYSE:BHE) Holdings Raised by Algert Global LLC

Algert Global LLC boosted its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 40.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,189 shares of the technology company's stock after acquiring an additional 13,302 shares during the quarter. Algert Global LLC owned about 0.13% of Benchmark Electronics worth $2,097,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust acquired a new stake in shares of Benchmark Electronics in the 4th quarter valued at approximately $50,000. KBC Group NV raised its position in 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 acquiring an additional 617 shares in the last quarter. GAMMA Investing LLC grew its stake 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 worth $116,000 after purchasing an additional 292 shares during the period. Tower Research Capital LLC TRC increased its holdings in Benchmark Electronics by 94.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company's stock valued at $213,000 after buying an additional 2,278 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Benchmark Electronics by 10.7% during the fourth quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock worth $232,000 after purchasing an additional 495 shares during the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BHE has been the topic of a number of analyst reports. Lake Street Capital lowered their target price on Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC decreased their target price on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, StockNews.com cut shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd.

Benchmark Electronics Trading Up 0.2%

BHE stock traded up $0.06 during midday trading on Wednesday, reaching $37.22. 67,670 shares of the company's stock traded hands, compared to its average volume of 327,178. The business has a 50-day moving average price of $36.92 and a two-hundred day moving average price of $42.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. Benchmark Electronics, Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $52.57. The company has a market capitalization of $1.34 billion, a P/E ratio of 21.51 and a beta of 0.92.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.02. The company had revenue of $631.76 million during the quarter, compared to the consensus estimate of $640.00 million. Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%. Benchmark Electronics's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share.

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Monday, March 31st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.83%. The ex-dividend date was Monday, March 31st. Benchmark Electronics's dividend payout ratio is currently 46.90%.

Insider Buying and Selling at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was 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 directly owns 448,180 shares in the company, valued at $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 is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

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.