Dimensional Fund Advisors LP lessened its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,864,895 shares of the technology company’s stock after selling 14,013 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Benchmark Electronics worth $81,535,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd grew its holdings in Benchmark Electronics by 109.9% during the first quarter. Point72 Hong Kong Ltd now owns 2,895 shares of the technology company’s stock valued at $90,000 after purchasing an additional 1,516 shares during the period. Heritage Wealth Management LLC lifted its position in shares of Benchmark Electronics by 60.3% in the second quarter. Heritage Wealth Management LLC now owns 3,157 shares of the technology company’s stock valued at $90,000 after acquiring an additional 1,187 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Benchmark Electronics by 5,505.7% in the first quarter. Captrust Financial Advisors now owns 3,924 shares of the technology company’s stock valued at $122,000 after acquiring an additional 3,854 shares in the last quarter. Rehmann Capital Advisory Group purchased a new position in shares of Benchmark Electronics in the first quarter valued at about $216,000. Finally, Duality Advisers LP purchased a new position in shares of Benchmark Electronics in the second quarter valued at about $222,000. 93.63% of the stock is owned by institutional investors and hedge funds.
BHE has been the topic of several research analyst reports. Sidoti upgraded Benchmark Electronics from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $32.00 to $35.00 in a research report on Thursday, July 29th. Needham & Company LLC reiterated a “buy” rating and issued a $35.00 target price on shares of Benchmark Electronics in a research report on Monday, August 2nd. Finally, TheStreet upgraded Benchmark Electronics from a “c+” rating to a “b-” rating in a research report on Tuesday, October 5th.
Benchmark Electronics (NYSE:BHE) last released its earnings results on Tuesday, July 27th. The technology company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Benchmark Electronics had a return on equity of 4.26% and a net margin of 1.38%. The firm had revenue of $544.66 million for the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Stockholders of record on Thursday, September 30th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $0.66 annualized dividend and a dividend yield of 2.55%. Benchmark Electronics’s dividend payout ratio is presently 69.47%.
In other Benchmark Electronics news, CFO Roop Kalyan Lakkaraju bought 1,800 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The shares were purchased at an average cost of $26.37 per share, for a total transaction of $47,466.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeff Benck acquired 1,900 shares of the stock in a transaction that occurred on Friday, August 6th. The stock was purchased at an average price of $26.50 per share, for a total transaction of $50,350.00. Following the completion of the acquisition, the chief executive officer now owns 222,216 shares in the company, valued at approximately $5,888,724. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 7,584 shares of company stock valued at $197,790. Company insiders own 1.40% of the company’s stock.
Benchmark Electronics Profile
Benchmark Electronics, Inc provides integrated electronic manufacturing services, engineering and design services, and precision machining services. The company provides services to original equipment manufacturers of industrial control equipment telecommunication equipment, computers and related products for business enterprises, medical devices, and testing and instrumentation products.
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