Benchmark Electronics, Inc. (NYSE:BHE) CEO Acquires $50,295.00 in Stock

Benchmark Electronics, Inc. (NYSE:BHEGet Rating) CEO Jeff Benck bought 2,100 shares of the firm’s stock in a transaction dated Wednesday, May 4th. The shares were purchased at an average price of $23.95 per share, with a total value of $50,295.00. Following the acquisition, the chief executive officer now directly owns 271,316 shares in the company, valued at approximately $6,498,018.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Benchmark Electronics stock opened at $24.42 on Thursday. The stock’s 50 day moving average price is $24.90 and its 200 day moving average price is $25.26. The firm has a market capitalization of $861.05 million, a PE ratio of 22.40 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.12. Benchmark Electronics, Inc. has a one year low of $22.25 and a one year high of $31.55.

Benchmark Electronics (NYSE:BHEGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.34 by $0.10. Benchmark Electronics had a return on equity of 5.82% and a net margin of 1.63%. During the same quarter last year, the firm posted $0.21 EPS.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.70%. The ex-dividend date was Wednesday, March 30th. Benchmark Electronics’s dividend payout ratio (DPR) is presently 60.55%.

A number of institutional investors have recently added to or reduced their stakes in BHE. William Blair Investment Management LLC lifted its position in Benchmark Electronics by 48,163.5% during the 3rd quarter. William Blair Investment Management LLC now owns 1,059,383 shares of the technology company’s stock worth $28,296,000 after acquiring an additional 1,057,188 shares in the last quarter. Franklin Resources Inc. lifted its position in Benchmark Electronics by 29.1% during the 3rd quarter. Franklin Resources Inc. now owns 3,726,431 shares of the technology company’s stock worth $99,533,000 after acquiring an additional 839,024 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Benchmark Electronics by 46.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,316,491 shares of the technology company’s stock worth $35,676,000 after acquiring an additional 415,976 shares in the last quarter. Norges Bank acquired a new position in Benchmark Electronics during the 4th quarter worth approximately $9,937,000. Finally, BlackRock Inc. raised its position in shares of Benchmark Electronics by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,835,778 shares of the technology company’s stock valued at $158,149,000 after purchasing an additional 184,738 shares in the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Separately, StockNews.com began coverage on Benchmark Electronics in a report on Thursday, March 31st. They set a “hold” rating for the company.

About Benchmark Electronics (Get Rating)

Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers 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.

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