Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 4.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,250,326 shares of the technology company's stock after selling 54,641 shares during the quarter. Invesco Ltd. owned about 3.47% of Benchmark Electronics worth $56,765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BHE. Parkside Financial Bank & Trust acquired a new position in shares of Benchmark Electronics in the fourth quarter valued at about $50,000. KBC Group NV increased its holdings in Benchmark Electronics by 40.2% in the 4th quarter. KBC Group NV now owns 2,151 shares of the technology company's stock worth $98,000 after buying an additional 617 shares during the period. GAMMA Investing LLC raised its position in Benchmark Electronics by 12.9% during the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company's stock worth $116,000 after buying an additional 292 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Benchmark Electronics by 10.7% in the 4th quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock valued at $232,000 after acquiring an additional 495 shares during the last quarter. Finally, Summit Global Investments acquired a new stake in shares of Benchmark Electronics in the fourth quarter worth $242,000. 92.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Benchmark Electronics

In other news, CEO Jeff Benck sold 6,000 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BHE shares. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $48.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, January 30th. StockNews.com raised Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

Benchmark Electronics Price Performance

Shares of BHE stock traded up $0.36 on Friday, reaching $35.79. 321,507 shares of the company were exchanged, compared to its average volume of 330,940. Benchmark Electronics, Inc. has a 1 year low of $29.52 and a 1 year high of $52.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. The business has a 50-day moving average price of $38.48 and a 200 day moving average price of $43.44. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 20.69 and a beta of 0.83.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Monday, March 31st. Benchmark Electronics's dividend payout ratio (DPR) is 39.31%.

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.