Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 35.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,786 shares of the technology company’s stock after selling 35,384 shares during the quarter. Sei Investments Co. owned 0.18% of Benchmark Electronics worth $2,987,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BHE. The Manufacturers Life Insurance Company raised its stake in shares of Benchmark Electronics by 33.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 17,962 shares of the technology company’s stock worth $796,000 after buying an additional 4,492 shares in the last quarter. FMR LLC boosted its position in shares of Benchmark Electronics by 27.3% during the 3rd quarter. FMR LLC now owns 120,126 shares of the technology company’s stock worth $5,324,000 after purchasing an additional 25,769 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Benchmark Electronics during the 3rd quarter worth $238,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Benchmark Electronics by 13.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,138 shares of the technology company’s stock valued at $494,000 after buying an additional 1,311 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Benchmark Electronics by 3.8% during the 3rd quarter. Captrust Financial Advisors now owns 6,535 shares of the technology company’s stock valued at $290,000 after acquiring an additional 242 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Benchmark Electronics

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total value of $232,920.00. Following the sale, the chief executive officer now owns 448,180 shares of the company’s stock, valued at $17,398,347.60. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.10% of the company’s stock.

Benchmark Electronics Price Performance

Shares of BHE stock opened at $33.79 on Friday. The firm has a fifty day moving average of $40.55 and a two-hundred day moving average of $44.25. Benchmark Electronics, Inc. has a 1-year low of $28.64 and a 1-year high of $52.57. The firm has a market cap of $1.22 billion, a P/E ratio of 19.53 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46.

Benchmark Electronics (NYSE:BHE) last released its earnings results on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.

Benchmark Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be issued a dividend of $0.17 per share. The ex-dividend date is Monday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 2.01%. Benchmark Electronics’s dividend payout ratio is 39.31%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC increased their price objective on shares of Benchmark Electronics from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.00.

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.