Benchmark Electronics, Inc. (NYSE:BHE) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 19.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,304 shares of the technology company's stock after buying an additional 15,264 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Benchmark Electronics worth $4,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analyst Weigh In

BHE has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Lake Street Capital lowered 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 report on Wednesday, April 30th. Finally, Needham & Company LLC dropped their target price on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 30th.

Benchmark Electronics Trading Up 1.0%

Shares of BHE stock traded up $0.37 on Friday, hitting $37.79. The stock had a trading volume of 127,138 shares, compared to its average volume of 321,276. The company's 50 day moving average price is $35.94 and its 200-day moving average price is $41.11. Benchmark Electronics, Inc. has a 1 year low of $30.73 and a 1 year high of $52.57. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. The firm has a market capitalization of $1.36 billion, a P/E ratio of 21.84 and a beta of 0.95.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.52 earnings per share (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 analyst estimates of $640.00 million. Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%. The business's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share.

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 dividend on an annualized basis and a yield of 1.80%. Benchmark Electronics's dividend payout ratio (DPR) is presently 46.90%.

Insider Buying and Selling at Benchmark Electronics

In other news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Benchmark Electronics Company 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.