Tudor Investment Corp ET AL Grows Stake in Benchmark Electronics, Inc. (NYSE:BHE)

Tudor Investment Corp ET AL raised its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 480.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,602 shares of the technology company's stock after acquiring an additional 100,663 shares during the quarter. Tudor Investment Corp ET AL owned about 0.34% of Benchmark Electronics worth $5,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Boston Partners grew its position in shares of Benchmark Electronics by 569.5% during the 4th quarter. Boston Partners now owns 416,831 shares of the technology company's stock valued at $17,638,000 after purchasing an additional 354,567 shares in the last quarter. JPMorgan Chase & Co. grew its position in Benchmark Electronics by 45.2% during the fourth quarter. JPMorgan Chase & Co. now owns 815,499 shares of the technology company's stock worth $37,024,000 after buying an additional 253,730 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Benchmark Electronics by 16.9% in the 4th quarter. American Century Companies Inc. now owns 1,153,257 shares of the technology company's stock valued at $52,358,000 after acquiring an additional 166,967 shares in the last quarter. Norges Bank bought a new stake in shares of Benchmark Electronics during the 4th quarter valued at about $5,302,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Benchmark Electronics during the fourth quarter worth about $4,145,000. Hedge funds and other institutional investors own 92.29% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on BHE. Needham & Company LLC dropped their target price on shares of Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Lake Street Capital dropped their price objective on shares of Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Finally, StockNews.com cut Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Friday.

Insider Activity at Benchmark Electronics

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 transaction, the chief executive officer now owns 448,180 shares in the company, valued at approximately $17,398,347.60. This represents a 1.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.20% of the stock is owned by corporate insiders.

Benchmark Electronics Trading Down 1.1 %

NYSE:BHE traded down $0.39 during trading hours on Tuesday, reaching $34.32. The company's stock had a trading volume of 49,163 shares, compared to its average volume of 329,850. The firm has a 50-day simple moving average of $37.30 and a 200-day simple moving average of $42.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. Benchmark Electronics, Inc. has a 1 year low of $30.73 and a 1 year high of $52.57. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 19.83 and a beta of 0.92.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its earnings results on Tuesday, April 29th. The technology company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates 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%. Benchmark Electronics's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.55 EPS.

Benchmark Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.98%. Benchmark Electronics's dividend payout ratio is currently 46.90%.

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.