Dimensional Fund Advisors LP Buys 12,112 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Dimensional Fund Advisors LP boosted its position in Benchmark Electronics, Inc. (NYSE:BHE) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,012,717 shares of the technology company’s stock after purchasing an additional 12,112 shares during the period. Dimensional Fund Advisors LP owned about 8.36% of Benchmark Electronics worth $118,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Benchmark Electronics during the 4th quarter worth $7,012,000. Trexquant Investment LP bought a new position in Benchmark Electronics during the fourth quarter worth about $380,000. Parallel Advisors LLC increased its stake in shares of Benchmark Electronics by 97.9% in the fourth quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after purchasing an additional 566 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Benchmark Electronics by 8.1% in the fourth quarter. Allianz Asset Management GmbH now owns 179,675 shares of the technology company’s stock valued at $4,966,000 after purchasing an additional 13,525 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Benchmark Electronics by 36.9% during the 4th quarter. First Trust Advisors LP now owns 902,475 shares of the technology company’s stock valued at $24,944,000 after buying an additional 243,480 shares in the last quarter. 92.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.70, for a total transaction of $302,017.10. Following the transaction, the director now directly owns 42,027 shares in the company, valued at $1,794,552.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Lake Street Capital lifted their price objective on shares of Benchmark Electronics from $35.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Needham & Company LLC lifted their price target on Benchmark Electronics from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, StockNews.com cut Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Benchmark Electronics presently has an average rating of “Hold” and an average target price of $41.33.

Benchmark Electronics Stock Down 1.2 %

Shares of NYSE:BHE opened at $43.98 on Monday. The firm has a fifty day moving average price of $41.85 and a two-hundred day moving average price of $37.99. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 24.03 and a beta of 0.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.35 and a quick ratio of 1.42. Benchmark Electronics, Inc. has a one year low of $22.66 and a one year high of $48.58.

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

Benchmark Electronics Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be given a dividend of $0.17 per share. This is an increase from Benchmark Electronics’s previous quarterly dividend of $0.17. The ex-dividend date is Monday, September 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.55%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 37.16%.

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.