Nicola Wealth Management LTD. Increases Stock Position in Benchmark Electronics, Inc. (NYSE:BHE)

Nicola Wealth Management LTD. raised its position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 28.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,600 shares of the technology company's stock after buying an additional 23,000 shares during the period. Nicola Wealth Management LTD. owned about 0.29% of Benchmark Electronics worth $2,891,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BHE. Signaturefd LLC boosted its position in 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 during the period. Quadrant Capital Group LLC raised its holdings in Benchmark Electronics by 212.5% in the 4th quarter. Quadrant Capital Group LLC now owns 6,407 shares of the technology company's stock worth $177,000 after purchasing an additional 4,357 shares in the last quarter. Quadrature Capital Ltd bought a new position in Benchmark Electronics in the 3rd quarter worth $222,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Benchmark Electronics by 39.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,194 shares of the technology company's stock worth $223,000 after purchasing an additional 2,607 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in Benchmark Electronics in the 4th quarter worth $223,000. Hedge funds and other institutional investors own 92.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BHE shares. Needham & Company LLC upped their price objective on shares of Benchmark Electronics from $31.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, May 6th. StockNews.com upgraded shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a report on Friday, May 3rd. Sidoti lowered shares of Benchmark Electronics from a "buy" rating to a "neutral" rating and set a $33.00 price objective for the company. in a report on Monday, April 29th. Finally, Fox Advisors lowered shares of Benchmark Electronics from an "overweight" rating to an "equal weight" rating in a report on Wednesday.

Benchmark Electronics Stock Up 1.0 %

Shares of Benchmark Electronics stock traded up $0.42 during trading on Friday, hitting $41.21. The company's stock had a trading volume of 251,908 shares, compared to its average volume of 302,966. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.41 and a current ratio of 2.36. The company has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $29.00. The company has a market capitalization of $1.49 billion, a PE ratio of 22.52 and a beta of 1.00. Benchmark Electronics, Inc. has a 52 week low of $21.71 and a 52 week high of $41.58.

Benchmark Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors 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 dividend yield of 1.60%. Benchmark Electronics's payout ratio is 36.07%.

Insider Buying and Selling

In other Benchmark Electronics news, SVP Jan M. Janick sold 6,777 shares of the firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $38.87, for a total transaction of $263,421.99. Following the completion of the sale, the senior vice president now directly owns 67,774 shares in the company, valued at approximately $2,634,375.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Benchmark Electronics news, SVP Jan M. Janick sold 6,777 shares of the firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $38.87, for a total transaction of $263,421.99. Following the completion of the sale, the senior vice president now directly owns 67,774 shares in the company, valued at approximately $2,634,375.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Arvind Kamal sold 783 shares of the firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $38.38, for a total transaction of $30,051.54. Following the sale, the chief financial officer now owns 20,735 shares of the company's stock, valued at $795,809.30. The disclosure for this sale can be found here. Insiders sold a total of 17,560 shares of company stock worth $688,374 in the last three months. 2.10% of the stock is owned by corporate insiders.

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.

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