Benchmark Electronics, Inc. (NYSE:BHE) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC grew its position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,996 shares of the technology company's stock after acquiring an additional 7,633 shares during the quarter. Hsbc Holdings PLC owned about 0.10% of Benchmark Electronics worth $1,639,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Benchmark Electronics by 128.8% during the 3rd quarter. Barclays PLC now owns 86,024 shares of the technology company's stock worth $3,814,000 after purchasing an additional 48,425 shares during the last quarter. Franklin Resources Inc. boosted its position in Benchmark Electronics by 0.6% during the third quarter. Franklin Resources Inc. now owns 1,897,568 shares of the technology company's stock worth $84,081,000 after acquiring an additional 11,738 shares during the last quarter. GAMMA Investing LLC raised its holdings in Benchmark Electronics by 12.9% in the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock valued at $116,000 after acquiring an additional 292 shares during the last quarter. Heritage Family Offices LLP lifted its stake in Benchmark Electronics by 5.7% in the 4th quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company's stock worth $280,000 after purchasing an additional 334 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Benchmark Electronics by 11.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 8,303 shares of the technology company's stock worth $377,000 after purchasing an additional 841 shares during the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BHE. Needham & Company LLC dropped their target price on Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. StockNews.com cut shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, 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 report on Wednesday, April 30th.

Benchmark Electronics Trading Up 0.9 %

Shares of NYSE:BHE traded up $0.30 during midday trading on Wednesday, reaching $34.73. 14,759 shares of the company's stock were exchanged, compared to its average volume of 380,097. The firm's 50 day simple moving average is $37.19 and its two-hundred day simple moving average is $42.78. 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 debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 20.07 and a beta of 0.92.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.38% and a return on equity of 6.68%. The firm had revenue of $631.76 million for the quarter, compared to analyst estimates of $640.00 million. During the same period in the prior year, the business posted $0.55 EPS. The business's revenue for the quarter was down 6.5% compared to the same quarter last year.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Monday, March 31st. Benchmark Electronics's payout ratio is 46.90%.

Insider Buying and Selling

In other news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total transaction of $232,920.00. Following the completion of the sale, the chief executive officer now directly owns 448,180 shares of the company's stock, valued at approximately $17,398,347.60. The trade was a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by 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.