Nisa Investment Advisors LLC Raises Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Nisa Investment Advisors LLC increased its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 1.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 28,848 shares of the technology company’s stock after buying an additional 500 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Benchmark Electronics were worth $797,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of 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 worth $39,000 after purchasing an additional 917 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of 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 holdings in shares of Benchmark Electronics by 66.6% in the 4th quarter. State of Wyoming now owns 3,138 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,254 shares in the last quarter. Captrust Financial Advisors increased its holdings 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. increased its holdings in shares of Benchmark Electronics by 14.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,578 shares of the technology company’s stock valued at $140,000 after acquiring an additional 702 shares during the period. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Trading Up 1.4 %

NYSE:BHE opened at $29.92 on Wednesday. The firm has a 50 day moving average of $29.88 and a 200 day moving average of $27.23. The company has a quick ratio of 1.33, a current ratio of 2.29 and a debt-to-equity ratio of 0.30. Benchmark Electronics, Inc. has a 52 week low of $20.58 and a 52 week high of $31.75. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 16.62 and a beta of 1.02.

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

Benchmark Electronics Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.