Trust Point Inc. Has $213,000 Stake in Benchmark Electronics, Inc. (NYSE:BHE)

Trust Point Inc. trimmed its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 56.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,593 shares of the technology company's stock after selling 7,372 shares during the quarter. Trust Point Inc.'s holdings in Benchmark Electronics were worth $213,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its holdings in Benchmark Electronics by 0.7% in the 4th quarter. Franklin Resources Inc. now owns 1,909,918 shares of the technology company's stock valued at $86,710,000 after purchasing an additional 12,350 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Benchmark Electronics by 16.9% during the 4th quarter. American Century Companies Inc. now owns 1,153,257 shares of the technology company's stock worth $52,358,000 after purchasing an additional 166,967 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Benchmark Electronics by 45.2% during the 4th quarter. JPMorgan Chase & Co. now owns 815,499 shares of the technology company's stock worth $37,024,000 after purchasing an additional 253,730 shares during the last quarter. Wellington Management Group LLP lifted its position in Benchmark Electronics by 1.9% in the fourth quarter. Wellington Management Group LLP now owns 436,181 shares of the technology company's stock valued at $19,803,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Benchmark Electronics by 8.0% in the fourth quarter. Northern Trust Corp now owns 418,234 shares of the technology company's stock valued at $18,988,000 after acquiring an additional 31,071 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company's stock.

Benchmark Electronics Trading Down 1.5%

Shares of BHE stock traded down $0.56 during mid-day trading on Friday, reaching $37.16. The company's stock had a trading volume of 1,106,022 shares, compared to its average volume of 303,355. The company's 50 day simple moving average is $36.59 and its 200-day simple moving average is $40.43. Benchmark Electronics, Inc. has a 12-month low of $30.73 and a 12-month high of $52.57. The company has a quick ratio of 1.48, a current ratio of 2.37 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.34 billion, a PE ratio of 25.62 and a beta of 0.95.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its quarterly 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. The business had revenue of $631.76 million during the quarter, compared to analyst estimates of $640.00 million. Benchmark Electronics had a net margin of 2.03% and a return on equity of 6.37%. The business's revenue was down 6.5% on a year-over-year basis. During the same period last year, the business earned $0.55 EPS.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Monday, June 30th. Benchmark Electronics's dividend payout ratio (DPR) is currently 46.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BHE shares. Lake Street Capital reduced their target price on shares of Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Needham & Company LLC lowered their target price on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating on the stock in a research report 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.