Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Benchmark Electronics, Inc. (NYSE:BHE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired a new position in Benchmark Electronics, purchasing 14,662 shares worth approximately $558,000 in the first quarter of the year.
• Several analysts have recently altered their ratings on Benchmark Electronics, with Wall Street Zen downgrading the stock from "buy" to "hold" and Needham & Company lowering their target price from $50 to $48 while maintaining a "buy" rating.
• Benchmark Electronics' stock has seen a decline of 2.0%, while the company reported a quarterly EPS of $0.55, slightly above analysts' estimates, even though revenue declined by 3.6% year-over-year.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,662 shares of the technology company's stock, valued at approximately $558,000.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of Benchmark Electronics by 8.3% in the 4th quarter. LPL Financial LLC now owns 15,067 shares of the technology company's stock valued at $684,000 after buying an additional 1,156 shares during the period. JPMorgan Chase & Co. raised 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 worth $37,024,000 after purchasing an additional 253,730 shares during the last quarter. Norges Bank acquired a new position in Benchmark Electronics during the fourth quarter worth $5,302,000. Wellington Management Group LLP raised 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, ExodusPoint Capital Management LP purchased a new stake in Benchmark Electronics in the 4th quarter valued at approximately $1,893,000. Hedge funds and other institutional investors own 92.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on BHE. Lake Street Capital decreased their price target 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. Wall Street Zen downgraded Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Needham & Company LLC lowered their price objective on Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th.

Benchmark Electronics Stock Performance

Shares of BHE traded down $0.75 during mid-day trading on Friday, reaching $37.75. 415,361 shares of the company's stock traded hands, compared to its average volume of 238,661. Benchmark Electronics, Inc. has a 12 month low of $30.73 and a 12 month high of $52.57. The stock has a market capitalization of $1.36 billion, a P/E ratio of 35.95 and a beta of 0.99. The business's 50-day moving average price is $38.58 and its 200-day moving average price is $38.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.46 and a current ratio of 2.36.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The business had revenue of $642.34 million during the quarter, compared to analyst estimates of $638.67 million. Benchmark Electronics had a return on equity of 6.08% and a net margin of 1.48%. The company's revenue was down 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 30th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, June 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. Benchmark Electronics's dividend payout ratio (DPR) is currently 64.76%.

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.