UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.46 Million Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,040 shares of the technology company’s stock after selling 3,751 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.22% of Benchmark Electronics worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BHE. UMB Bank n.a. raised its stake in shares of Benchmark Electronics by 65.7% during the 2nd quarter. UMB Bank n.a. now owns 686 shares of the technology company’s stock worth $27,000 after purchasing an additional 272 shares in the last quarter. Quest Partners LLC acquired a new position in Benchmark Electronics during the second quarter worth $41,000. CWM LLC increased its holdings in Benchmark Electronics by 81.9% during the second quarter. CWM LLC now owns 1,106 shares of the technology company’s stock worth $44,000 after buying an additional 498 shares during the last quarter. Quarry LP lifted its stake in Benchmark Electronics by 172.5% in the second quarter. Quarry LP now owns 1,379 shares of the technology company’s stock valued at $54,000 after acquiring an additional 873 shares during the last quarter. Finally, KBC Group NV lifted its stake in Benchmark Electronics by 125.3% in the third quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock valued at $68,000 after acquiring an additional 853 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors.

Benchmark Electronics Trading Down 0.5 %

Shares of BHE stock opened at $48.33 on Friday. Benchmark Electronics, Inc. has a twelve month low of $25.35 and a twelve month high of $52.57. The stock’s fifty day simple moving average is $46.70 and its 200 day simple moving average is $43.34. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.74 billion, a P/E ratio of 28.10 and a beta of 0.99.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Wednesday, October 30th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. The firm had revenue of $658.00 million for the quarter, compared to the consensus estimate of $650.00 million. During the same period in the previous year, the business earned $0.57 EPS. The business’s quarterly revenue was down 8.6% compared to the same quarter last year.

Benchmark Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.41%. The ex-dividend date is Tuesday, December 31st. Benchmark Electronics’s dividend payout ratio (DPR) is currently 39.53%.

Analysts Set New Price Targets

Several research analysts have recently commented on BHE shares. Needham & Company LLC lifted their target price on Benchmark Electronics from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Benchmark Electronics presently has an average rating of “Hold” and a consensus target price of $42.33.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, SVP Rhonda R. Turner sold 6,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $46.98, for a total transaction of $281,880.00. Following the completion of the sale, the senior vice president now owns 47,991 shares in the company, valued at approximately $2,254,617.18. The trade was a 11.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeff Benck sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $45.90, for a total transaction of $1,101,600.00. Following the completion of the transaction, the chief executive officer now directly owns 424,173 shares in the company, valued at approximately $19,469,540.70. The trade was a 5.36 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

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.