Jeff Benck Sells 6,000 Shares of Benchmark Electronics, Inc. (NYSE:BHE) Stock

Benchmark Electronics, Inc. (NYSE:BHE) 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 sale, the chief executive officer now directly owns 448,180 shares in the company, valued at $17,398,347.60. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jeff Benck also recently made the following trade(s):

• On Monday, January 13th, Jeff Benck sold 6,000 shares of Benchmark Electronics stock. The stock was sold at an average price of $45.31, for a total transaction of $271,860.00.

Benchmark Electronics Price Performance

BHE stock opened at $39.32 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. Benchmark Electronics, Inc. has a one year low of $27.44 and a one year high of $52.57. The stock has a market cap of $1.42 billion, a PE ratio of 22.73 and a beta of 0.97. The firm has a 50 day simple moving average of $42.70 and a two-hundred day simple moving average of $44.43.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%.

Benchmark Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.73%. Benchmark Electronics’s dividend payout ratio (DPR) is 39.31%.

Institutional Investors Weigh In On Benchmark Electronics

Institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust purchased a new stake in shares of Benchmark Electronics in the 4th quarter valued at $50,000. KBC Group NV raised its holdings in Benchmark Electronics by 125.3% during the 3rd quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock valued at $68,000 after buying an additional 853 shares during the last quarter. GAMMA Investing LLC raised its holdings in Benchmark Electronics by 12.9% in the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock worth $116,000 after purchasing an additional 292 shares in the last quarter. State of Wyoming raised its holdings in Benchmark Electronics by 213.4% in the 4th quarter. State of Wyoming now owns 3,563 shares of the technology company’s stock worth $162,000 after purchasing an additional 2,426 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Benchmark Electronics by 94.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company’s stock worth $213,000 after purchasing an additional 2,278 shares in the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Wall Street Analysts Forecast Growth

BHE has been the topic of a number of analyst reports. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC upped their target price on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Benchmark Electronics currently has an average rating of “Moderate Buy” and an average target price of $43.00.

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.