Assenagon Asset Management S.A. Buys 10,537 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Assenagon Asset Management S.A. raised its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 21.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,572 shares of the technology company's stock after purchasing an additional 10,537 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of Benchmark Electronics worth $2,227,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Mariner LLC raised its position in shares of Benchmark Electronics by 2.4% in the 4th quarter. Mariner LLC now owns 14,846 shares of the technology company's stock valued at $676,000 after purchasing an additional 353 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Benchmark Electronics by 0.5% in the 4th quarter. Martingale Asset Management L P now owns 73,047 shares of the technology company's stock valued at $3,316,000 after purchasing an additional 356 shares in the last quarter. Bank of Montreal Can raised its position in shares of Benchmark Electronics by 10.7% in the 4th quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock valued at $232,000 after purchasing an additional 495 shares in the last quarter. Swiss National Bank raised its position in shares of Benchmark Electronics by 1.0% in the 4th quarter. Swiss National Bank now owns 71,000 shares of the technology company's stock valued at $3,223,000 after purchasing an additional 700 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Benchmark Electronics by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,308 shares of the technology company's stock valued at $922,000 after acquiring an additional 709 shares in the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BHE shares. Needham & Company LLC dropped their price target on Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Lake Street Capital dropped their price target on Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd.

Benchmark Electronics Stock Performance

NYSE BHE traded down $0.32 during trading hours on Wednesday, hitting $37.71. The company had a trading volume of 288,906 shares, compared to its average volume of 318,749. The company has a quick ratio of 1.48, a current ratio of 2.37 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.36 billion, a P/E ratio of 19.70 and a beta of 0.95. Benchmark Electronics, Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $52.57. The business has a fifty day simple moving average of $36.49 and a 200-day simple moving average of $40.65.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its earnings results on Tuesday, April 29th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. The company had revenue of $631.76 million for the quarter, compared to analysts' expectations of $640.00 million. Benchmark Electronics had a return on equity of 6.37% and a net margin of 2.03%. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share.

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.68 annualized dividend and a yield of 1.80%. Benchmark Electronics's payout ratio is 46.90%.

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.