Zurcher Kantonalbank Zurich Cantonalbank Has $388,000 Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Benchmark Electronics, Inc. (NYSE:BHE) by 96.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 9,827 shares of the technology company’s stock after purchasing an additional 4,828 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Benchmark Electronics were worth $388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Benchmark Electronics by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,102 shares of the technology company’s stock worth $24,658,000 after purchasing an additional 30,941 shares during the period. Empowered Funds LLC grew its holdings in shares of Benchmark Electronics by 61.4% during the 1st quarter. Empowered Funds LLC now owns 75,682 shares of the technology company’s stock valued at $2,271,000 after acquiring an additional 28,784 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Benchmark Electronics during the first quarter worth $430,000. First Eagle Investment Management LLC raised its holdings in shares of Benchmark Electronics by 16.7% during the fourth quarter. First Eagle Investment Management LLC now owns 291,592 shares of the technology company’s stock worth $8,060,000 after acquiring an additional 41,783 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Benchmark Electronics by 63.3% during the fourth quarter. Wellington Management Group LLP now owns 183,278 shares of the technology company’s stock valued at $5,066,000 after purchasing an additional 71,024 shares during the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Benchmark Electronics

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of Benchmark Electronics stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.70, for a total value of $302,017.10. Following the transaction, the director now directly owns 42,027 shares of the company’s stock, valued at approximately $1,794,552.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

Benchmark Electronics Stock Down 3.8 %

Shares of Benchmark Electronics stock opened at $39.23 on Friday. Benchmark Electronics, Inc. has a 12-month low of $22.66 and a 12-month high of $48.58. The company has a quick ratio of 1.42, a current ratio of 2.35 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $41.34 and a two-hundred day moving average price of $37.11. The stock has a market capitalization of $1.41 billion, a P/E ratio of 21.44 and a beta of 0.98.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $666.00 million during the quarter, compared to the consensus estimate of $635.75 million. Benchmark Electronics had a net margin of 2.45% and a return on equity of 7.17%. Benchmark Electronics’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.165 per share. The ex-dividend date was Friday, June 28th. This represents a $0.66 annualized dividend and a dividend yield of 1.68%. Benchmark Electronics’s dividend payout ratio is presently 36.07%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BHE shares. Fox Advisors downgraded Benchmark Electronics from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 15th. Needham & Company LLC lifted their target price on shares of Benchmark Electronics from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Lake Street Capital raised their price target on shares of Benchmark Electronics from $35.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Benchmark Electronics has a consensus rating of “Hold” and a consensus price target of $41.33.

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.