Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by US Bancorp DE

US Bancorp DE cut its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,750 shares of the technology company’s stock after selling 817 shares during the period. US Bancorp DE’s holdings in Benchmark Electronics were worth $295,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc grew its stake in shares of Benchmark Electronics by 197.5% during the first quarter. Versant Capital Management Inc now owns 2,475 shares of the technology company’s stock valued at $94,000 after acquiring an additional 1,643 shares in the last quarter. State of Wyoming grew its stake in shares of Benchmark Electronics by 213.4% during the fourth quarter. State of Wyoming now owns 3,563 shares of the technology company’s stock valued at $162,000 after acquiring an additional 2,426 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Benchmark Electronics by 94.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company’s stock valued at $213,000 after acquiring an additional 2,278 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Benchmark Electronics by 10.7% during the fourth quarter. Bank of Montreal Can now owns 5,100 shares of the technology company’s stock valued at $232,000 after acquiring an additional 495 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of Benchmark Electronics during the fourth quarter valued at about $252,000. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BHE. Wall Street Zen cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Needham & Company LLC reduced their price target on shares of Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Finally, Lake Street Capital reduced their price target on shares of Benchmark Electronics from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, April 30th.

Benchmark Electronics Stock Performance

Shares of NYSE BHE opened at $39.95 on Friday. The firm’s 50-day moving average price is $39.00 and its two-hundred day moving average price is $38.44. The stock has a market capitalization of $1.43 billion, a P/E ratio of 38.04 and a beta of 0.99. The company has a quick ratio of 1.46, a current ratio of 2.36 and a debt-to-equity ratio of 0.18. Benchmark Electronics, Inc. has a 52-week low of $30.73 and a 52-week high of $52.57.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The company had revenue of $642.34 million for the quarter, compared to analysts’ expectations of $638.67 million. Benchmark Electronics had a return on equity of 6.08% and a net margin of 1.48%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share.

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, June 30th. Benchmark Electronics’s payout ratio is 64.76%.

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.