Summit Global Investments Makes New Investment in Benchmark Electronics, Inc. (NYSE:BHE)

Summit Global Investments purchased a new stake in Benchmark Electronics, Inc. (NYSE:BHE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 5,329 shares of the technology company’s stock, valued at approximately $242,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust bought a new position in Benchmark Electronics in the 4th quarter worth about $50,000. KBC Group NV increased its holdings in Benchmark Electronics by 40.2% during the 4th quarter. KBC Group NV now owns 2,151 shares of the technology company’s stock worth $98,000 after acquiring an additional 617 shares during the period. GAMMA Investing LLC lifted its stake 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. Glenmede Trust Co. NA purchased a new stake in Benchmark Electronics in the 3rd quarter worth approximately $238,000. Finally, Highland Capital Management LLC boosted its holdings in Benchmark Electronics by 6.4% in the 4th quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company’s stock valued at $255,000 after purchasing an additional 337 shares during the period. 92.29% of the stock is currently owned by institutional investors.

Benchmark Electronics Stock Performance

Benchmark Electronics stock opened at $40.60 on Wednesday. The firm’s fifty day moving average price is $41.95 and its 200-day moving average price is $44.43. Benchmark Electronics, Inc. has a fifty-two week low of $28.64 and a fifty-two week high of $52.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. The stock has a market cap of $1.46 billion, a P/E ratio of 23.47 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be issued a $0.17 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.67%. Benchmark Electronics’s dividend payout ratio is currently 39.31%.

Insider Activity

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the transaction, the chief executive officer now directly owns 448,180 shares of the company’s stock, valued at $17,398,347.60. The trade was a 1.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.