Insider Selling: Benchmark Electronics, Inc. (NYSE:BHE) CEO Sells $271,860.00 in Stock

Benchmark Electronics, Inc. (NYSE:BHE) CEO Jeff Benck sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $45.31, for a total value of $271,860.00. Following the transaction, the chief executive officer now owns 418,173 shares of the company’s stock, valued at $18,947,418.63. This trade represents a 1.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, November 5th, Jeff Benck sold 24,000 shares of Benchmark Electronics stock. The stock was sold at an average price of $45.90, for a total value of $1,101,600.00.

Benchmark Electronics Stock Up 0.8 %

Shares of NYSE:BHE opened at $48.07 on Friday. The business’s 50 day moving average is $47.35 and its 200 day moving average is $44.32. The stock has a market cap of $1.73 billion, a P/E ratio of 27.95 and a beta of 1.00. Benchmark Electronics, Inc. has a 52-week low of $25.54 and a 52-week high of $52.57. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, October 30th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The business had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $650.00 million. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS.

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, December 31st. Benchmark Electronics’s dividend payout ratio (DPR) is 39.53%.

Institutional Investors Weigh In On Benchmark Electronics

Several hedge funds have recently modified their holdings of BHE. Quest Partners LLC purchased a new position in Benchmark Electronics during the second quarter valued at approximately $41,000. Quarry LP lifted its holdings in Benchmark Electronics by 172.5% during the second quarter. Quarry LP now owns 1,379 shares of the technology company’s stock worth $54,000 after buying an additional 873 shares during the period. KBC Group NV increased its holdings in shares of Benchmark Electronics by 125.3% in the 3rd quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock valued at $68,000 after acquiring an additional 853 shares during the period. CWM LLC raised its position in shares of Benchmark Electronics by 54.2% in the 3rd quarter. CWM LLC now owns 1,706 shares of the technology company’s stock worth $76,000 after acquiring an additional 600 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Benchmark Electronics by 161.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,255 shares of the technology company’s stock worth $100,000 after purchasing an additional 1,392 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $48.00 price target on shares of Benchmark Electronics in a report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $42.33.

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.