Dynamic Technology Lab Private Ltd Acquires 5,728 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Dynamic Technology Lab Private Ltd increased its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 46.7% during the third quarter, HoldingsChannel.com reports. The fund owned 17,997 shares of the technology company’s stock after buying an additional 5,728 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Benchmark Electronics were worth $798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Benchmark Electronics by 3.4% during the first quarter. Vanguard Group Inc. now owns 4,845,204 shares of the technology company’s stock worth $145,405,000 after buying an additional 159,716 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 acquiring an additional 12,112 shares during the period. Pacer Advisors Inc. increased its stake in shares of Benchmark Electronics by 8.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,944,347 shares of the technology company’s stock worth $86,173,000 after purchasing an additional 159,659 shares during the last quarter. Tributary Capital Management LLC raised its holdings in shares of Benchmark Electronics by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 646,142 shares of the technology company’s stock worth $25,497,000 after purchasing an additional 1,875 shares during the period. Finally, American Century Companies Inc. lifted its stake in Benchmark Electronics by 176.6% in the second quarter. American Century Companies Inc. now owns 615,036 shares of the technology company’s stock valued at $24,269,000 after purchasing an additional 392,699 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 $48.02 on Thursday. Benchmark Electronics, Inc. has a 1 year low of $24.75 and a 1 year high of $52.57. The company’s fifty day simple moving average is $45.55 and its two-hundred day simple moving average is $42.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.36 and a quick ratio of 1.45. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 27.92 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping 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 business had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $650.00 million. During the same quarter in the prior year, the firm posted $0.57 EPS. The firm’s quarterly revenue was down 8.6% on a year-over-year basis.

Benchmark Electronics Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Monday, September 30th were given a $0.17 dividend. This is a positive change from Benchmark Electronics’s previous quarterly dividend of $0.17. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, September 30th. Benchmark Electronics’s dividend payout ratio (DPR) is 39.53%.

Insider Activity at Benchmark Electronics

In other news, SVP Rhonda R. Turner sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $46.98, for a total transaction of $281,880.00. Following the completion of the transaction, the senior vice president now owns 47,991 shares of the company’s stock, valued at approximately $2,254,617.18. The trade was a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeff Benck sold 24,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 owns 424,173 shares in the company, valued at approximately $19,469,540.70. This trade represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BHE has been the subject of a number of recent research reports. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday. Lake Street Capital lifted their price objective on Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC upped their price objective on shares of Benchmark Electronics from $45.00 to $48.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Benchmark Electronics has a consensus rating of “Moderate Buy” and a consensus price target of $42.33.

Benchmark Electronics Company 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.