Squarepoint Ops LLC Raises Stake in Benchmark Electronics, Inc. (NYSE:BHE)

Squarepoint Ops LLC raised its position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 65.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 124,656 shares of the technology company's stock after acquiring an additional 49,157 shares during the period. Squarepoint Ops LLC owned approximately 0.35% of Benchmark Electronics worth $5,659,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BHE. Parkside Financial Bank & Trust acquired a new stake in shares of Benchmark Electronics in the 4th quarter worth $50,000. KBC Group NV lifted its stake in shares of Benchmark Electronics by 40.2% in the 4th quarter. KBC Group NV now owns 2,151 shares of the technology company's stock worth $98,000 after acquiring an additional 617 shares during the period. State of Wyoming lifted its stake in shares of Benchmark Electronics by 213.4% in the 4th quarter. State of Wyoming now owns 3,563 shares of the technology company's stock worth $162,000 after acquiring an additional 2,426 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Benchmark Electronics by 94.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company's stock worth $213,000 after acquiring an additional 2,278 shares during the period. Finally, Bank of Montreal Can lifted its stake 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 worth $232,000 after acquiring an additional 495 shares during the period. Institutional investors and hedge funds own 92.29% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were 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 directly owns 448,180 shares in the company, valued at approximately $17,398,347.60. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

Benchmark Electronics Price Performance

Shares of NYSE BHE traded down $0.22 during midday trading on Friday, hitting $36.36. The company had a trading volume of 22,425 shares, compared to its average volume of 324,065. 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 twelve month low of $30.73 and a twelve month high of $52.57. The business has a 50-day simple moving average of $36.19 and a two-hundred day simple moving average of $41.65. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 21.00 and a beta of 0.92.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced 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 net margin of 2.38% and a return on equity of 6.68%. The firm had revenue of $631.76 million during the quarter, compared to analysts' expectations of $640.00 million. During the same quarter last year, the business earned $0.55 earnings per share. The business's revenue for the quarter was down 6.5% compared to the same quarter last year.

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders 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 annualized dividend and a yield of 1.87%. Benchmark Electronics's dividend payout ratio (DPR) is currently 46.90%.

Benchmark Electronics 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.