Benchmark Electronics, Inc. (NYSE:BHE) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 150.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 151,802 shares of the technology company's stock after buying an additional 91,107 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.42% of Benchmark Electronics worth $5,773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHE. Mariner LLC grew 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 valued at $676,000 after acquiring an additional 353 shares during the period. Martingale Asset Management L P grew its position 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 purchasing an additional 356 shares during the period. Bank of Montreal Can boosted its holdings in 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 buying an additional 495 shares during the last quarter. Swiss National Bank boosted its holdings in Benchmark Electronics by 1.0% in 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 last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Benchmark Electronics by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,308 shares of the technology company's stock worth $922,000 after buying an additional 709 shares during the last quarter. Institutional investors and hedge funds own 92.29% of the company's stock.

Benchmark Electronics Trading Up 0.6%

NYSE BHE traded up $0.26 on Thursday, reaching $40.41. 157,819 shares of the company were exchanged, compared to its average volume of 297,446. The business's fifty day moving average price is $37.41 and its 200 day moving average price is $39.75. The stock has a market capitalization of $1.46 billion, a P/E ratio of 27.87 and a beta of 0.95. The company has a current ratio of 2.37, a quick ratio of 1.48 and a debt-to-equity ratio of 0.24. Benchmark Electronics, Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $52.57.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $631.76 million for the quarter, compared to analysts' expectations of $640.00 million. Benchmark Electronics had a net margin of 2.03% and a return on equity of 6.37%. The company's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

Benchmark Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Investors of record on Monday, June 30th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Monday, June 30th. Benchmark Electronics's dividend payout ratio is presently 46.90%.

Wall Street Analyst Weigh In

BHE has been the topic of a number of research analyst reports. Needham & Company LLC lowered their price target 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. Wall Street Zen raised shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, Lake Street Capital lowered their target price on shares of Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th.

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.