Cetera Investment Advisers Decreases Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Cetera Investment Advisers reduced its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 67.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,771 shares of the technology company's stock after selling 9,969 shares during the period. Cetera Investment Advisers' holdings in Benchmark Electronics were worth $217,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Mariner LLC raised its stake in Benchmark Electronics by 2.4% in the 4th quarter. Mariner LLC now owns 14,846 shares of the technology company's stock worth $676,000 after purchasing an additional 353 shares in the last quarter. Martingale Asset Management L P lifted its stake in shares of Benchmark Electronics by 0.5% in the fourth quarter. Martingale Asset Management L P now owns 73,047 shares of the technology company's stock valued at $3,316,000 after buying an additional 356 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Benchmark Electronics by 10.7% in the fourth 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 during the last quarter. KBC Group NV increased its holdings in Benchmark Electronics by 40.2% during the fourth quarter. KBC Group NV now owns 2,151 shares of the technology company's stock worth $98,000 after buying an additional 617 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Benchmark Electronics by 1.0% during the fourth 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 last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Trading Up 0.5%

NYSE BHE traded up $0.19 on Thursday, hitting $37.32. 233,408 shares of the stock were exchanged, compared to its average volume of 321,378. The firm has a market capitalization of $1.35 billion, a P/E ratio of 21.57 and a beta of 0.95. Benchmark Electronics, Inc. has a 52-week low of $30.73 and a 52-week high of $52.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. The stock has a fifty day moving average price of $35.94 and a two-hundred day moving average price of $41.27.

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, topping analysts' consensus estimates of $0.50 by $0.02. The company had revenue of $631.76 million during the quarter, compared to analyst estimates of $640.00 million. Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm 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. Stockholders of record on Monday, March 31st were issued a dividend of $0.17 per share. The ex-dividend date was Monday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.82%. Benchmark Electronics's dividend payout ratio (DPR) is currently 46.90%.

Insider Activity

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the company'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. This represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BHE. Lake Street Capital dropped their target price on shares of 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 cut their price objective 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, Wall Street Zen downgraded shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Friday, May 2nd.

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.