Envestnet Asset Management Inc. Sells 6,258 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Envestnet Asset Management Inc. cut its position in shares of Benchmark Electronics, Inc. (NYSE:BHE – Get Rating) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,521 shares of the technology company’s stock after selling 6,258 shares during the period. Envestnet Asset Management Inc. owned about 0.17% of Benchmark Electronics worth $1,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of BHE. Robeco Institutional Asset Management B.V. lifted its position in Benchmark Electronics by 2.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 105,329 shares of the technology company’s stock worth $2,811,000 after acquiring an additional 2,485 shares during the period. New York State Common Retirement Fund grew its position in shares of Benchmark Electronics by 87.5% in the third quarter. New York State Common Retirement Fund now owns 48,256 shares of the technology company’s stock valued at $1,196,000 after purchasing an additional 22,526 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Benchmark Electronics in the third quarter valued at approximately $450,000. Dean Investment Associates LLC grew its position in shares of Benchmark Electronics by 7.3% in the third quarter. Dean Investment Associates LLC now owns 93,418 shares of the technology company’s stock valued at $2,315,000 after purchasing an additional 6,331 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Benchmark Electronics by 111.0% in the third quarter. Quadrant Capital Group LLC now owns 3,177 shares of the technology company’s stock worth $79,000 after acquiring an additional 1,671 shares during the period. 93.41% of the stock is owned by institutional investors.

Benchmark Electronics Price Performance

BHE stock opened at $22.29 on Monday. The company has a market cap of $793.97 million, a price-to-earnings ratio of 11.31 and a beta of 1.05. The company has a current ratio of 2.38, a quick ratio of 1.28 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $22.25 and a 200-day moving average of $25.34. Benchmark Electronics, Inc. has a 12-month low of $20.58 and a 12-month high of $30.00.

Benchmark Electronics (NYSE:BHE – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.42. The company had revenue of $694.70 million during the quarter, compared to analysts’ expectations of $660.00 million. Benchmark Electronics had a net margin of 2.36% and a return on equity of 7.31%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS.

Benchmark Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Friday, March 31st were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $0.66 annualized dividend and a dividend yield of 2.96%. Benchmark Electronics’s payout ratio is 33.50%.

Analysts Set New Price Targets

A number of research analysts have commented on BHE shares. StockNews.com began coverage on Benchmark Electronics in a research note on Thursday. They set a “hold” rating on the stock. Needham & Company LLC dropped their target price on Benchmark Electronics from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, February 2nd.

Benchmark Electronics Company Profile

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Benchmark Electronics, Inc engages in the provision of integrated electronic manufacturing services, engineering and design services, and precision machining services. It operates through the following segments: Americas, Asia, and Europe. The firm offers services to original equipment manufacturers of industrial control telecommunication equipment, computers, and related products for business enterprises, medical devices, and testing and instrumentation products.