BNP Paribas Financial Markets Sells 13,557 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

BNP Paribas Financial Markets trimmed its position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 71.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,389 shares of the technology company's stock after selling 13,557 shares during the quarter. BNP Paribas Financial Markets' holdings in Benchmark Electronics were worth $245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Benchmark Electronics in the fourth quarter worth about $4,145,000. Proficio Capital Partners LLC acquired a new position in shares of Benchmark Electronics during the 4th quarter worth about $868,000. Barclays PLC grew its position in shares of Benchmark Electronics by 128.8% during the 3rd quarter. Barclays PLC now owns 86,024 shares of the technology company's stock worth $3,814,000 after buying an additional 48,425 shares during the period. Swiss National Bank grew its position in shares of Benchmark Electronics by 1.0% during the 4th quarter. Swiss National Bank now owns 71,000 shares of the technology company's stock worth $3,223,000 after buying an additional 700 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Benchmark Electronics by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 190,444 shares of the technology company's stock worth $8,646,000 after buying an additional 6,112 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHE has been the subject of several analyst reports. Lake Street Capital decreased their target price on Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Needham & Company LLC decreased their target price on Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company 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 Down 0.3%

Shares of NYSE:BHE traded down $0.13 during trading on Monday, hitting $36.40. 181,677 shares of the company's stock traded hands, compared to its average volume of 323,821. Benchmark Electronics, Inc. has a 52 week low of $30.73 and a 52 week high of $52.57. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 21.04 and a beta of 0.92. The company has a 50-day moving average price of $36.03 and a 200-day moving average price of $41.39.

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

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Monday, March 31st. Benchmark Electronics's dividend payout ratio (DPR) is presently 46.90%.

Insider Activity

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the sale, the chief executive officer now owns 448,180 shares in the company, valued at approximately $17,398,347.60. The trade was a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by company insiders.

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.