Wellington Management Group LLP Increases Position in Benchmark Electronics, Inc. (NYSE:BHE)

Wellington Management Group LLP lifted its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 436,181 shares of the technology company's stock after purchasing an additional 8,000 shares during the quarter. Wellington Management Group LLP owned about 1.21% of Benchmark Electronics worth $19,803,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Highland Capital Management LLC boosted its position in shares of Benchmark Electronics by 6.4% during the 4th quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company's stock worth $255,000 after acquiring an additional 337 shares in the last quarter. Mariner LLC lifted its stake in Benchmark Electronics by 2.4% during the fourth quarter. Mariner LLC now owns 14,846 shares of the technology company's stock worth $676,000 after purchasing an additional 353 shares during the last quarter. Martingale Asset Management L P boosted its holdings in Benchmark Electronics by 0.5% in the fourth 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 holdings in Benchmark Electronics by 10.7% in the fourth quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock valued at $232,000 after purchasing an additional 495 shares in the last quarter. Finally, KBC Group NV increased its stake in Benchmark Electronics by 40.2% in the fourth quarter. KBC Group NV now owns 2,151 shares of the technology company's stock valued at $98,000 after purchasing an additional 617 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company's stock.

Insider Activity at Benchmark Electronics

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total transaction of $232,920.00. Following the completion of the transaction, the chief executive officer now owns 448,180 shares of the company's stock, valued at approximately $17,398,347.60. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports 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 for the company in a report on Wednesday, April 30th. Wall Street Zen cut shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Needham & Company LLC dropped their price objective on Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th.

Benchmark Electronics Stock Performance

Shares of Benchmark Electronics stock traded down $0.35 during trading on Wednesday, reaching $37.21. The company's stock had a trading volume of 180,903 shares, compared to its average volume of 321,670. The company has a 50-day moving average price of $35.96 and a two-hundred day moving average price of $41.33. Benchmark Electronics, Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $52.57. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24. The firm has a market cap of $1.34 billion, a PE ratio of 21.51 and a beta of 0.92.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%. The business had revenue of $631.76 million during the quarter, compared to analysts' expectations of $640.00 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company's quarterly revenue was down 6.5% compared to the same quarter last year.

Benchmark Electronics Dividend Announcement

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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Monday, March 31st. Benchmark Electronics's dividend payout ratio (DPR) is currently 46.90%.

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.