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

Tudor Investment Corp ET AL increased its stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 480.7% during the 4th 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 buying an additional 100,663 shares during the period. Tudor Investment Corp ET AL owned 0.34% of Benchmark Electronics worth $5,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Benchmark Electronics during the fourth quarter worth approximately $4,145,000. Proficio Capital Partners LLC purchased a new position in Benchmark Electronics during the 4th quarter worth $868,000. Barclays PLC increased its holdings 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 period. Principal Financial Group Inc. raised its position in Benchmark Electronics by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 184,332 shares of the technology company's stock valued at $8,170,000 after purchasing an additional 6,561 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Benchmark Electronics by 1.0% in the 4th quarter. Swiss National Bank now owns 71,000 shares of the technology company's stock worth $3,223,000 after buying an additional 700 shares during the period. Institutional investors own 92.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BHE. Needham & Company LLC decreased their price objective on Benchmark Electronics from $50.00 to $48.00 and set a "buy" rating for the company in a report on Wednesday. StockNews.com lowered shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Friday. Finally, Lake Street Capital dropped their price objective on shares of Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating on the stock in a research note on Wednesday.

Insider Transactions at Benchmark Electronics

In other news, CEO Jeff Benck sold 6,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were 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 $17,398,347.60. This represents a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.20% of the company's stock.

Benchmark Electronics Stock Up 3.8 %

Shares of NYSE BHE traded up $1.28 during mid-day trading on Friday, reaching $34.95. 363,901 shares of the company were exchanged, compared to its average volume of 330,493. Benchmark Electronics, Inc. has a 1 year low of $30.73 and a 1 year high of $52.57. The firm has a 50-day moving average of $37.41 and a 200 day moving average of $42.92. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 20.20 and a beta of 0.83. 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 released its quarterly 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 business had revenue of $631.76 million for the quarter, compared to analysts' expectations of $640.00 million. Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%. The company's revenue was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS.

Benchmark Electronics Dividend Announcement

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