5,283 Shares in Benchmark Electronics, Inc. (NYSE:BHE) Purchased by Highland Capital Management LLC

Highland Capital Management LLC purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,283 shares of the technology company’s stock, valued at approximately $234,000.

A number of other large investors have also recently made changes to their positions in BHE. Vanguard Group Inc. lifted its holdings in Benchmark Electronics by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 4,845,204 shares of the technology company’s stock valued at $145,405,000 after buying an additional 159,716 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Benchmark Electronics by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,012,717 shares of the technology company’s stock valued at $118,881,000 after buying an additional 12,112 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Benchmark Electronics during the 2nd quarter valued at about $70,424,000. Tributary Capital Management LLC lifted its holdings in Benchmark Electronics by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 646,142 shares of the technology company’s stock valued at $25,497,000 after buying an additional 1,875 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Benchmark Electronics by 176.6% during the 2nd quarter. American Century Companies Inc. now owns 615,036 shares of the technology company’s stock valued at $24,269,000 after buying an additional 392,699 shares in the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

Benchmark Electronics Stock Up 0.6 %

NYSE:BHE opened at $44.51 on Monday. The company’s 50 day moving average is $42.86 and its two-hundred day moving average is $40.46. The company has a market cap of $1.60 billion, a PE ratio of 24.32 and a beta of 0.98. The company has a current ratio of 2.35, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. Benchmark Electronics, Inc. has a twelve month low of $23.00 and a twelve month high of $48.58.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $666.00 million for 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%. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS.

Benchmark Electronics Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Monday, September 30th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Benchmark Electronics’s previous quarterly dividend of $0.17. This represents a $0.68 dividend on an annualized basis and a yield of 1.53%. Benchmark Electronics’s dividend payout ratio is 37.16%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BHE. Needham & Company LLC lifted their price objective on shares of Benchmark Electronics from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Friday. Finally, Lake Street Capital boosted 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Benchmark Electronics currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.33.

Insider Buying and Selling

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 42,027 shares in the company, valued at approximately $1,794,552.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by insiders.

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.