Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 16.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,707 shares of the technology company’s stock after selling 1,487 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Benchmark Electronics were worth $213,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. lifted its position in shares of Benchmark Electronics by 17.6% during the third quarter. Invesco Ltd. now owns 1,328,401 shares of the technology company’s stock worth $32,227,000 after purchasing an additional 199,263 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Benchmark Electronics by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 861,161 shares of the technology company’s stock valued at $20,892,000 after acquiring an additional 28,949 shares in the last quarter. Heartland Advisors Inc. boosted its stake in Benchmark Electronics by 27.3% during the 3rd quarter. Heartland Advisors Inc. now owns 350,150 shares of the technology company’s stock valued at $8,495,000 after acquiring an additional 75,150 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Benchmark Electronics by 119.4% during the 3rd quarter. First Eagle Investment Management LLC now owns 249,809 shares of the technology company’s stock worth $6,060,000 after acquiring an additional 135,932 shares in the last quarter. Finally, Kennedy Capital Management LLC bought a new stake in shares of Benchmark Electronics in the 3rd quarter worth about $3,796,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on BHE shares. Needham & Company LLC boosted their price objective on Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a report on Monday. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Friday. Finally, Sidoti cut shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Monday, April 29th.

Benchmark Electronics Stock Up 4.5 %

BHE stock opened at $38.07 on Tuesday. The firm’s 50-day moving average is $30.44 and its two-hundred day moving average is $28.01. The company has a current ratio of 2.36, a quick ratio of 1.41 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 20.80 and a beta of 1.00. Benchmark Electronics, Inc. has a 52 week low of $20.58 and a 52 week high of $38.12.

Benchmark Electronics Dividend Announcement

The firm also recently declared 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 1.73%. The ex-dividend date was Wednesday, March 27th. Benchmark Electronics’s dividend payout ratio (DPR) is presently 36.07%.

Benchmark Electronics 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.