GAMMA Investing LLC Grows Stock Position in Benchmark Electronics, Inc. (NYSE:BHE)

GAMMA Investing LLC lifted its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 12.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,547 shares of the technology company’s stock after purchasing an additional 292 shares during the period. GAMMA Investing LLC’s holdings in Benchmark Electronics were worth $116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quest Partners LLC purchased a new position in shares of Benchmark Electronics during the 2nd quarter valued at about $41,000. Quarry LP increased its holdings in Benchmark Electronics by 172.5% in the 2nd quarter. Quarry LP now owns 1,379 shares of the technology company’s stock worth $54,000 after acquiring an additional 873 shares in the last quarter. KBC Group NV lifted its holdings in Benchmark Electronics by 125.3% during the third quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock valued at $68,000 after purchasing an additional 853 shares in the last quarter. CWM LLC lifted its holdings in Benchmark Electronics by 54.2% during the third quarter. CWM LLC now owns 1,706 shares of the technology company’s stock valued at $76,000 after purchasing an additional 600 shares in the last quarter. Finally, Highland Capital Management LLC purchased a new stake in shares of Benchmark Electronics in the third quarter worth $234,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BHE shares. Needham & Company LLC raised their price target on Benchmark Electronics from $45.00 to $48.00 and gave the company a “buy” rating in a report on Friday, November 1st. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $42.33.

Insider Buying and Selling at Benchmark Electronics

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

Benchmark Electronics Trading Down 0.4 %

Shares of BHE opened at $45.99 on Friday. Benchmark Electronics, Inc. has a twelve month low of $25.35 and a twelve month high of $52.57. The company has a current ratio of 2.36, a quick ratio of 1.45 and a debt-to-equity ratio of 0.25. The company’s fifty day simple moving average is $47.51 and its 200-day simple moving average is $43.98. The company has a market cap of $1.66 billion, a P/E ratio of 26.74 and a beta of 1.00.

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

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, December 31st. Benchmark Electronics’s payout ratio is 39.53%.

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.