Teacher Retirement System of Texas Acquires 91,107 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Teacher Retirement System of Texas lifted its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 150.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 about 0.42% of Benchmark Electronics worth $5,773,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of BHE. Boston Partners boosted its holdings in Benchmark Electronics by 569.5% during the 4th quarter. Boston Partners now owns 416,831 shares of the technology company's stock worth $17,638,000 after acquiring an additional 354,567 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Benchmark Electronics by 45.2% during the fourth quarter. JPMorgan Chase & Co. now owns 815,499 shares of the technology company's stock valued at $37,024,000 after purchasing an additional 253,730 shares during the last quarter. American Century Companies Inc. lifted its holdings in Benchmark Electronics by 16.9% during the fourth quarter. American Century Companies Inc. now owns 1,153,257 shares of the technology company's stock valued at $52,358,000 after purchasing an additional 166,967 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Benchmark Electronics by 90.4% in the fourth quarter. Millennium Management LLC now owns 336,466 shares of the technology company's stock worth $15,276,000 after buying an additional 159,769 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in Benchmark Electronics in the first quarter valued at approximately $4,859,000. Institutional investors and hedge funds own 92.29% of the company's stock.

Benchmark Electronics Trading Up 0.3%

BHE stock traded up $0.13 on Tuesday, reaching $39.75. The company's stock had a trading volume of 2,949 shares, compared to its average volume of 297,686. The business has a fifty day simple moving average of $37.22 and a two-hundred day simple moving average of $39.74. Benchmark Electronics, Inc. has a 12-month low of $30.73 and a 12-month high of $52.57. The firm has a market cap of $1.43 billion, a PE ratio of 27.42 and a beta of 0.95. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.48 and a current ratio of 2.37.

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. The business had revenue of $631.76 million during the quarter, compared to analyst estimates of $640.00 million. Benchmark Electronics had a return on equity of 6.37% and a net margin of 2.03%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Monday, June 30th. Benchmark Electronics's dividend payout ratio is currently 46.90%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BHE shares. 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. Needham & Company LLC cut their target price on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Finally, Wall Street Zen upgraded shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Saturday, June 21st.

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.