Benchmark Electronics, Inc. (NYSE:BHE) Holdings Cut by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 83.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,798 shares of the technology company's stock after selling 161,407 shares during the period. Kovitz Investment Group Partners LLC owned about 0.09% of Benchmark Electronics worth $1,444,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its position 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. grew its holdings 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 period. Principal Financial Group Inc. raised its position in Benchmark Electronics by 3.7% in the third quarter. Principal Financial Group Inc. now owns 184,332 shares of the technology company's stock worth $8,170,000 after acquiring an additional 6,561 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 292 shares in the last quarter. Finally, Heritage Family Offices LLP lifted its position in shares of Benchmark Electronics by 5.7% during the 4th quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company's stock valued at $280,000 after acquiring an additional 334 shares during the period. Hedge funds and other institutional investors own 92.29% of the company's stock.

Benchmark Electronics Trading Down 0.1 %

Shares of BHE traded down $0.03 during mid-day trading on Monday, hitting $34.83. The company had a trading volume of 60,528 shares, compared to its average volume of 329,445. The stock has a market cap of $1.25 billion, a PE ratio of 20.18 and a beta of 0.83. The business's 50-day simple moving average is $37.41 and its 200-day simple moving average is $42.90. Benchmark Electronics, Inc. has a 1-year low of $30.73 and a 1-year high of $52.57. The company has a quick ratio of 1.46, a current ratio of 2.32 and a debt-to-equity ratio of 0.24.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced 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. The company had revenue of $631.76 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.55 earnings per share.

Benchmark Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Monday, March 31st were given a dividend of $0.17 per share. The ex-dividend date was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.95%. Benchmark Electronics's dividend payout ratio (DPR) is 46.90%.

Insider Activity

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics 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 sale, the chief executive officer now directly owns 448,180 shares in the company, valued at $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 available through the SEC website. Insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

BHE has been the subject of several research analyst reports. Needham & Company LLC dropped their price objective on Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a research note 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. Finally, Lake Street Capital decreased their price objective on Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th.

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.