Hsbc Holdings PLC Has $1.64 Million Position in Benchmark Electronics, Inc. (NYSE:BHE)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust purchased a new stake in shares of Benchmark Electronics in the 4th quarter valued at approximately $50,000. KBC Group NV raised its stake in Benchmark Electronics by 40.2% during the 4th 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 period. GAMMA Investing LLC lifted its holdings in shares of Benchmark Electronics by 12.9% in the fourth quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock valued at $116,000 after purchasing an additional 292 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Benchmark Electronics by 94.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company's stock worth $213,000 after buying an additional 2,278 shares during the period. Finally, Bank of Montreal Can grew its holdings in shares of Benchmark Electronics by 10.7% during the fourth quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock valued at $232,000 after buying an additional 495 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Stock Down 0.4 %

BHE stock traded down $0.15 during mid-day trading on Monday, hitting $34.71. The stock had a trading volume of 446,324 shares, compared to its average volume of 330,956. Benchmark Electronics, Inc. has a 1-year low of $30.73 and a 1-year high of $52.57. The company has a fifty day moving average of $37.41 and a 200 day moving average of $42.90. 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 stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 20.07 and a beta of 0.83.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $631.76 million for the quarter, compared to the consensus estimate of $640.00 million. Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%. The firm's revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 earnings per share.

Benchmark Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Investors 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 1.96%. The ex-dividend date was Monday, March 31st. Benchmark Electronics's dividend payout ratio is presently 46.90%.

Analyst Ratings Changes

A number of equities research analysts have commented on BHE shares. Needham & Company LLC decreased 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. StockNews.com downgraded shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Lake Street Capital cut their target price 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.

Insiders Place Their Bets

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now owns 448,180 shares of the company's stock, valued at $17,398,347.60. This represents a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.20% of the company's stock.

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.