Deutsche Bank AG Raises Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Deutsche Bank AG grew its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,793 shares of the technology company's stock after buying an additional 10,155 shares during the quarter. Deutsche Bank AG owned 0.31% of Benchmark Electronics worth $5,030,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Bridgeway Capital Management LLC grew its stake in Benchmark Electronics by 12.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 346,368 shares of the technology company's stock worth $15,725,000 after purchasing an additional 39,389 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in Benchmark Electronics in the fourth quarter worth approximately $311,000. Bayesian Capital Management LP bought a new position in Benchmark Electronics in the fourth quarter worth approximately $252,000. Algert Global LLC grew its stake in Benchmark Electronics by 40.4% in the fourth quarter. Algert Global LLC now owns 46,189 shares of the technology company's stock worth $2,097,000 after purchasing an additional 13,302 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Benchmark Electronics by 210.4% in the fourth quarter. Jane Street Group LLC now owns 53,962 shares of the technology company's stock worth $2,450,000 after purchasing an additional 36,579 shares in the last quarter. Institutional investors own 92.29% of the company's stock.

Insider Activity

In other news, CEO Jeff Benck sold 6,000 shares of the 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.20% of the company's stock.

Benchmark Electronics Stock Down 0.3%

NYSE BHE traded down $0.13 during midday trading on Thursday, hitting $36.27. 173,249 shares of the company traded hands, compared to its average volume of 326,609. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. The company has a market cap of $1.31 billion, a PE ratio of 20.96 and a beta of 0.92. The company's 50-day simple moving average is $36.71 and its 200-day simple moving average is $42.20. Benchmark Electronics, Inc. has a 52 week low of $30.73 and a 52 week high of $52.57.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.52 EPS 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 firm had revenue of $631.76 million during the quarter, compared to analyst estimates of $640.00 million. During the same quarter in the prior year, the business posted $0.55 EPS. The business's revenue for the quarter was down 6.5% compared to the same quarter last year.

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. The ex-dividend date was Monday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.88%. Benchmark Electronics's dividend payout ratio is presently 46.90%.

Analyst Ratings Changes

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

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.