Olympiad Research LP Invests $340,000 in Benchmark Electronics, Inc. (NYSE:BHE)

Olympiad Research LP acquired a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 7,488 shares of the technology company’s stock, valued at approximately $340,000.

Several other institutional investors have also modified their holdings of the company. Captrust Financial Advisors lifted its position in shares of Benchmark Electronics by 3.8% during the 3rd quarter. Captrust Financial Advisors now owns 6,535 shares of the technology company’s stock worth $290,000 after purchasing an additional 242 shares during the last quarter. GAMMA Investing LLC raised its stake in Benchmark Electronics by 12.9% during the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock worth $116,000 after acquiring an additional 292 shares in the last quarter. Versor Investments LP raised its stake in Benchmark Electronics by 2.2% during the 3rd quarter. Versor Investments LP now owns 14,115 shares of the technology company’s stock worth $626,000 after acquiring an additional 300 shares in the last quarter. Heritage Family Offices LLP raised its stake in Benchmark Electronics by 5.7% during the 4th quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company’s stock worth $280,000 after acquiring an additional 334 shares in the last quarter. Finally, Highland Capital Management LLC raised its stake in Benchmark Electronics by 6.4% during the 4th quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company’s stock worth $255,000 after acquiring an additional 337 shares in the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BHE. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Needham & Company LLC lifted their price target on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Benchmark Electronics presently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Transactions at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $45.31, for a total transaction of $271,860.00. Following the sale, the chief executive officer now owns 418,173 shares of the company’s stock, valued at approximately $18,947,418.63. The trade was a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.10% of the company’s stock.

Benchmark Electronics Trading Down 2.6 %

NYSE BHE opened at $41.10 on Friday. 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 firm has a market cap of $1.48 billion, a PE ratio of 23.76 and a beta of 0.99. Benchmark Electronics, Inc. has a one year low of $27.44 and a one year high of $52.57. The firm’s fifty day moving average is $44.88 and its two-hundred day moving average is $44.73.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.55 earnings per share (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 company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.65%. Benchmark Electronics’s dividend payout ratio (DPR) is 39.31%.

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.