Deutsche Bank AG Has $5.03 Million Position in Benchmark Electronics, Inc. (NYSE:BHE)

Deutsche Bank AG boosted its position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing 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 approximately 0.31% of Benchmark Electronics worth $5,030,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of BHE. Raymond James Financial Inc. bought a new position in Benchmark Electronics in the fourth quarter valued at approximately $4,145,000. Proficio Capital Partners LLC bought a new position in shares of Benchmark Electronics during the 4th quarter worth approximately $868,000. Barclays PLC boosted its stake 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 acquiring an additional 48,425 shares during the period. Swiss National Bank boosted its stake 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 acquiring an additional 700 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Benchmark Electronics by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 190,444 shares of the technology company's stock valued at $8,646,000 after purchasing an additional 6,112 shares during the period. Institutional investors and hedge funds own 92.29% of the company's stock.

Insider Transactions at Benchmark Electronics

In other news, CEO Jeff Benck sold 6,000 shares of the business's 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 transaction, the chief executive officer now owns 448,180 shares of the company's stock, valued at approximately $17,398,347.60. The trade was a 1.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.20% of the stock is owned by insiders.

Benchmark Electronics Price Performance

Shares of NYSE:BHE traded down $0.44 during trading on Friday, reaching $35.83. 177,294 shares of the company traded hands, compared to its average volume of 326,880. The company's 50 day moving average is $36.54 and its two-hundred day moving average is $42.00. The firm has a market capitalization of $1.29 billion, a PE ratio of 20.71 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. 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 released its 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 the consensus estimate of $640.00 million. During the same period in the prior year, the company posted $0.55 EPS. The company's revenue was down 6.5% compared to the same quarter last year.

Benchmark Electronics Announces Dividend

The firm also recently declared 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 of this dividend was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.90%. Benchmark Electronics's dividend payout ratio (DPR) is currently 46.90%.

Wall Street Analysts Forecast Growth

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

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.