Comerica Bank Purchases 11,747 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Comerica Bank boosted its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 70.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,430 shares of the technology company's stock after buying an additional 11,747 shares during the period. Comerica Bank owned approximately 0.08% of Benchmark Electronics worth $1,291,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Boston Partners lifted its position in shares of Benchmark Electronics by 569.5% in the 4th quarter. Boston Partners now owns 416,831 shares of the technology company's stock worth $17,638,000 after acquiring an additional 354,567 shares during the period. JPMorgan Chase & Co. lifted its position in Benchmark Electronics by 45.2% in the fourth quarter. JPMorgan Chase & Co. now owns 815,499 shares of the technology company's stock worth $37,024,000 after purchasing an additional 253,730 shares during the period. American Century Companies Inc. lifted its position in Benchmark Electronics by 16.9% in the fourth quarter. American Century Companies Inc. now owns 1,153,257 shares of the technology company's stock worth $52,358,000 after purchasing an additional 166,967 shares during the period. Norges Bank acquired a new stake in Benchmark Electronics during the fourth quarter worth $5,302,000. Finally, Tudor Investment Corp ET AL increased its holdings in Benchmark Electronics by 480.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 121,602 shares of the technology company's stock valued at $5,521,000 after buying an additional 100,663 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Price Performance

NYSE:BHE traded up $0.02 during trading hours on Friday, reaching $37.16. The company had a trading volume of 52,183 shares, compared to its average volume of 371,633. The firm has a market capitalization of $1.34 billion, a PE ratio of 21.48 and a beta of 0.92. 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 stock has a 50-day moving average of $36.86 and a two-hundred day moving average of $42.41. Benchmark Electronics, Inc. has a one year low of $30.73 and a one year high of $52.57.

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

Benchmark Electronics Announces Dividend

The company 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 46.90%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BHE shares. Needham & Company LLC reduced their price objective on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. StockNews.com lowered shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Lake Street Capital decreased their price objective on Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th.

Insider Activity

In related news, CEO Jeff Benck sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the completion of the sale, the chief executive officer now owns 448,180 shares in the company, valued at approximately $17,398,347.60. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

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.