Benchmark Electronics, Inc. (NYSE:BHE) Holdings Lowered by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 3.7% in the 4th quarter, HoldingsChannel reports. The firm owned 72,758 shares of the technology company’s stock after selling 2,794 shares during the quarter. New York State Teachers Retirement System’s holdings in Benchmark Electronics were worth $2,011,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC raised its position in Benchmark Electronics by 135.1% during the third quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the technology company’s stock valued at $39,000 after buying an additional 917 shares during the period. Lazard Asset Management LLC raised its position in Benchmark Electronics by 25.8% during the first quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock valued at $64,000 after buying an additional 526 shares during the period. State of Wyoming raised its position in Benchmark Electronics by 66.6% during the fourth quarter. State of Wyoming now owns 3,138 shares of the technology company’s stock valued at $84,000 after buying an additional 1,254 shares during the period. Captrust Financial Advisors raised its position in Benchmark Electronics by 70.4% during the first quarter. Captrust Financial Advisors now owns 4,817 shares of the technology company’s stock valued at $121,000 after buying an additional 1,990 shares during the period. Finally, Advisor Group Holdings Inc. raised its position in Benchmark Electronics by 14.4% during the first quarter. Advisor Group Holdings Inc. now owns 5,578 shares of the technology company’s stock valued at $140,000 after buying an additional 702 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.

Benchmark Electronics Stock Performance

Shares of BHE stock opened at $29.92 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.33. Benchmark Electronics, Inc. has a fifty-two week low of $20.58 and a fifty-two week high of $31.75. The stock’s 50-day moving average is $29.88 and its two-hundred day moving average is $27.23. The firm has a market cap of $1.07 billion, a P/E ratio of 16.62 and a beta of 1.02.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, January 31st. The technology company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Benchmark Electronics had a return on equity of 6.95% and a net margin of 2.27%. The company had revenue of $691.35 million for the quarter.

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend was Wednesday, March 27th. Benchmark Electronics’s payout ratio is currently 36.67%.

Analysts Set New Price Targets

Several research analysts recently weighed in on BHE shares. StockNews.com lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Needham & Company LLC upped their target price on Benchmark Electronics from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st.

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.