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 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
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.
- Get a free copy of the StockNews.com research report on Benchmark Electronics (BHE)
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