Campbell & CO Investment Adviser LLC purchased a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,359 shares of the technology company’s stock, valued at approximately $202,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in shares of Benchmark Electronics by 3.8% during the 1st quarter. State Street Corp now owns 1,370,563 shares of the technology company’s stock valued at $27,618,000 after buying an additional 50,786 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Benchmark Electronics by 5.6% during the 1st quarter. Wells Fargo & Company MN now owns 159,052 shares of the technology company’s stock worth $3,180,000 after purchasing an additional 8,396 shares in the last quarter. Deutsche Bank AG lifted its holdings in Benchmark Electronics by 21.8% during the 1st quarter. Deutsche Bank AG now owns 140,842 shares of the technology company’s stock worth $2,816,000 after purchasing an additional 25,161 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Benchmark Electronics by 48.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,931 shares of the technology company’s stock worth $378,000 after purchasing an additional 6,175 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in Benchmark Electronics during the 1st quarter worth about $1,333,000. 94.68% of the stock is currently owned by hedge funds and other institutional investors.
In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary purchased 7,500 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $20.35 per share, with a total value of $152,625.00. Following the acquisition, the director now directly owns 66,580 shares in the company, valued at approximately $1,354,903. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.90% of the company’s stock.
A number of analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Benchmark Electronics in a report on Thursday. They set a “hold” rating on the stock. Sidoti increased their price objective on Benchmark Electronics from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Finally, Lake Street Capital increased their price objective on Benchmark Electronics from $24.00 to $28.00 in a report on Thursday, April 30th.
NYSE:BHE opened at $20.36 on Friday. The business’s 50-day moving average price is $20.58 and its two-hundred day moving average price is $23.59. Benchmark Electronics, Inc. has a twelve month low of $14.06 and a twelve month high of $37.36. The stock has a market cap of $741.51 million, a P/E ratio of 2,038.04 and a beta of 1.06. The company has a quick ratio of 2.02, a current ratio of 2.60 and a debt-to-equity ratio of 0.23.
Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). Benchmark Electronics had a net margin of 0.03% and a return on equity of 3.46%. The business had revenue of $491.00 million during the quarter, compared to analysts’ expectations of $474.33 million. During the same period in the previous year, the business earned $0.36 EPS. The business’s revenue was down 18.4% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a $0.16 dividend. The ex-dividend date was Monday, June 29th. This represents a $0.64 annualized dividend and a dividend yield of 3.14%. Benchmark Electronics’s payout ratio is currently 48.48%.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.
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