Benchmark Electronics, Inc. (NYSE:BHE) CEO Sells $232,920.00 in Stock

Benchmark Electronics, Inc. (NYSE:BHE) CEO Jeff Benck sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total transaction of $232,920.00. Following the transaction, the chief executive officer now directly owns 448,180 shares in the company, valued at $17,398,347.60. The trade was a 1.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $45.31, for a total transaction of $271,860.00.

Benchmark Electronics Price Performance

Shares of NYSE BHE opened at $39.32 on Friday. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 22.73 and a beta of 0.97. The stock has a fifty day simple moving average of $42.70 and a two-hundred day simple moving average of $44.44. The company has a current ratio of 2.32, a quick ratio of 1.46 and a debt-to-equity ratio of 0.24. Benchmark Electronics, Inc. has a 1-year low of $27.44 and a 1-year high of $52.57.

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 the consensus estimate 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. Investors of record on Monday, March 31st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.73%. The ex-dividend date is Monday, March 31st. Benchmark Electronics’s dividend payout ratio (DPR) is presently 39.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently 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 lifted their target price on Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Institutional Investors Weigh In On Benchmark Electronics

A number of hedge funds and other institutional investors have recently bought and sold shares of BHE. Pacer Advisors Inc. boosted its holdings in shares of Benchmark Electronics by 8.9% in the third quarter. Pacer Advisors Inc. now owns 1,944,347 shares of the technology company’s stock worth $86,173,000 after acquiring an additional 159,659 shares during the period. Franklin Resources Inc. grew its holdings in Benchmark Electronics by 0.7% during the 4th quarter. Franklin Resources Inc. now owns 1,909,918 shares of the technology company’s stock valued at $86,710,000 after buying an additional 12,350 shares in the last quarter. American Century Companies Inc. increased its position in shares of Benchmark Electronics by 16.9% during the fourth quarter. American Century Companies Inc. now owns 1,153,257 shares of the technology company’s stock valued at $52,358,000 after buying an additional 166,967 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Benchmark Electronics by 2.6% in the third quarter. Geode Capital Management LLC now owns 841,602 shares of the technology company’s stock worth $37,307,000 after buying an additional 21,355 shares in the last quarter. Finally, Wasatch Advisors LP boosted its position in shares of Benchmark Electronics by 19.5% in the third quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company’s stock valued at $36,364,000 after acquiring an additional 133,602 shares during the period. Institutional investors own 92.29% of the company’s stock.

About Benchmark Electronics

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.