Azzad Asset Management Inc. ADV Buys Shares of 17,294 Benchmark Electronics, Inc. (NYSE:BHE)

Azzad Asset Management Inc. ADV bought a new stake in Benchmark Electronics, Inc. (NYSE:BHE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 17,294 shares of the technology company’s stock, valued at approximately $766,000.

Several other institutional investors also recently bought and sold shares of BHE. Rise Advisors LLC acquired a new stake in shares of Benchmark Electronics during the first quarter worth $27,000. UMB Bank n.a. lifted its stake in shares of Benchmark Electronics by 65.7% during the second quarter. UMB Bank n.a. now owns 686 shares of the technology company’s stock worth $27,000 after buying an additional 272 shares during the period. Quest Partners LLC acquired a new stake in shares of Benchmark Electronics during the second quarter worth $41,000. CWM LLC lifted its stake in shares of Benchmark Electronics by 81.9% during the second quarter. CWM LLC now owns 1,106 shares of the technology company’s stock worth $44,000 after buying an additional 498 shares during the period. Finally, Quarry LP lifted its stake in shares of Benchmark Electronics by 172.5% during the second quarter. Quarry LP now owns 1,379 shares of the technology company’s stock worth $54,000 after buying an additional 873 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Benchmark Electronics

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of Benchmark Electronics stock in a transaction on Monday, August 26th. The shares were sold at an average price of $42.70, for a total value of $302,017.10. Following the completion of the transaction, the director now owns 42,027 shares of the company’s stock, valued at approximately $1,794,552.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BHE. Lake Street Capital lifted their price objective on shares of Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Needham & Company LLC raised their target price on shares of Benchmark Electronics from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and two have issued 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 Trading Down 1.3 %

Shares of Benchmark Electronics stock opened at $43.13 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.35 and a quick ratio of 1.42. The firm has a fifty day moving average price of $42.35 and a 200 day moving average price of $39.17. Benchmark Electronics, Inc. has a 1 year low of $22.66 and a 1 year high of $48.58. The stock has a market cap of $1.55 billion, a PE ratio of 23.57 and a beta of 0.98.

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

Benchmark Electronics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Monday, September 30th will be issued a $0.17 dividend. This is a boost 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 1.58%. Benchmark Electronics’s payout ratio 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.