Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Trust Point Inc.

Trust Point Inc. cut its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 56.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 5,593 shares of the technology company's stock after selling 7,372 shares during the period. Trust Point Inc.'s holdings in Benchmark Electronics were worth $213,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Mariner LLC boosted its stake in shares of Benchmark Electronics by 2.4% in the fourth quarter. Mariner LLC now owns 14,846 shares of the technology company's stock worth $676,000 after acquiring an additional 353 shares during the last quarter. Martingale Asset Management L P lifted its holdings in Benchmark Electronics by 0.5% in the 4th 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 in the last quarter. Bank of Montreal Can boosted its stake in Benchmark Electronics by 10.7% during the 4th quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock worth $232,000 after purchasing an additional 495 shares during the last quarter. Swiss National Bank grew its holdings in shares of Benchmark Electronics by 1.0% during the fourth 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Benchmark Electronics by 3.6% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 92.29% of the company's stock.

Benchmark Electronics Trading Down 0.8%

Shares of BHE traded down $0.32 during midday trading on Thursday, reaching $37.71. The company had a trading volume of 288,906 shares, compared to its average volume of 318,749. The firm has a 50 day simple moving average of $36.49 and a 200-day simple moving average of $40.65. 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 stock has a market cap of $1.36 billion, a PE ratio of 26.01 and a beta of 0.95. Benchmark Electronics, Inc. has a 1-year low of $30.73 and a 1-year high of $52.57.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its earnings results on Tuesday, April 29th. The technology company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The company had revenue of $631.76 million for the quarter, compared to the consensus estimate of $640.00 million. Benchmark Electronics had a net margin of 2.03% and a return on equity of 6.37%. Benchmark Electronics's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.55 earnings per share.

Benchmark Electronics Dividend Announcement

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 1.80%. The ex-dividend date is Monday, June 30th. Benchmark Electronics's dividend payout ratio is presently 46.90%.

Analyst Upgrades and Downgrades

BHE has been the topic of several research reports. Needham & Company LLC decreased their price target on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Lake Street Capital decreased 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. Finally, Wall Street Zen cut Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Friday, May 2nd.

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.