Benchmark Electronics, Inc. (NYSE:BHE - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $39.51 and last traded at $39.48, with a volume of 59229 shares. The stock had previously closed at $39.14.
Analyst Upgrades and Downgrades
Several research firms recently commented on BHE. StockNews.com upgraded Benchmark Electronics from a "hold" rating to a "buy" rating in a research note on Friday, May 3rd. Sidoti cut Benchmark Electronics from a "buy" rating to a "neutral" rating and set a $33.00 price target on the stock. in a research report on Monday, April 29th. Finally, Needham & Company LLC lifted their target price on shares of Benchmark Electronics from $31.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday.
View Our Latest Stock Report on BHE
Benchmark Electronics Trading Up 2.3 %
The firm has a 50-day simple moving average of $30.62 and a 200-day simple moving average of $28.12. The company has a quick ratio of 1.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1.44 billion, a PE ratio of 21.58 and a beta of 1.00.
Benchmark Electronics Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 annualized dividend and a yield of 1.65%. Benchmark Electronics's dividend payout ratio is currently 36.07%.
Insider Buying and Selling at Benchmark Electronics
In other news, Director Jeffrey Stephen Mccreary sold 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $39.49, for a total value of $394,900.00. Following the sale, the director now directly owns 45,062 shares of the company's stock, valued at $1,779,498.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Jan M. Janick sold 6,777 shares of the business's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $38.87, for a total transaction of $263,421.99. Following the completion of the transaction, the senior vice president now directly owns 67,774 shares in the company, valued at $2,634,375.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey Stephen Mccreary sold 10,000 shares of the firm's stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $39.49, for a total value of $394,900.00. Following the completion of the sale, the director now directly owns 45,062 shares in the company, valued at approximately $1,779,498.38. The disclosure for this sale can be found here. Insiders sold 17,560 shares of company stock valued at $688,374 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Rise Advisors LLC purchased a new stake in Benchmark Electronics in the first quarter valued at approximately $27,000. Parallel Advisors LLC increased its holdings in shares of Benchmark Electronics by 97.9% in the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company's stock worth $32,000 after buying an additional 566 shares during the last quarter. Signaturefd LLC raised its position in shares of Benchmark Electronics by 121.0% during the 4th quarter. Signaturefd LLC now owns 1,766 shares of the technology company's stock valued at $49,000 after buying an additional 967 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Benchmark Electronics during the 1st quarter valued at $136,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Benchmark Electronics by 212.5% during the 4th quarter. Quadrant Capital Group LLC now owns 6,407 shares of the technology company's stock worth $177,000 after acquiring an additional 4,357 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company's stock.
Benchmark Electronics Company Profile
(
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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.
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