Benchmark Electronics, Inc. (NYSE:BHE) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 11.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,303 shares of the technology company’s stock after acquiring an additional 841 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Benchmark Electronics were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors raised its holdings in shares of Benchmark Electronics by 3.8% during the third quarter. Captrust Financial Advisors now owns 6,535 shares of the technology company’s stock worth $290,000 after purchasing an additional 242 shares during the period. GAMMA Investing LLC raised its holdings in shares of Benchmark Electronics by 12.9% during the fourth quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock worth $116,000 after purchasing an additional 292 shares during the period. Versor Investments LP raised its holdings in shares of Benchmark Electronics by 2.2% during the third quarter. Versor Investments LP now owns 14,115 shares of the technology company’s stock worth $626,000 after purchasing an additional 300 shares during the period. Heritage Family Offices LLP raised its holdings in shares of Benchmark Electronics by 5.7% during the fourth quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company’s stock worth $280,000 after purchasing an additional 334 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of Benchmark Electronics by 4.0% during the third quarter. Inspire Investing LLC now owns 9,346 shares of the technology company’s stock worth $414,000 after purchasing an additional 362 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Benchmark Electronics

In other news, CEO Jeff Benck sold 6,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $45.31, for a total transaction of $271,860.00. Following the completion of the transaction, the chief executive officer now owns 418,173 shares in the company, valued at approximately $18,947,418.63. This trade represents a 1.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 36,000 shares of company stock worth $1,655,340 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Benchmark Electronics Stock Up 1.7 %

Benchmark Electronics stock opened at $48.91 on Wednesday. The company has a 50-day simple moving average of $47.28 and a 200-day simple moving average of $44.45. The firm has a market capitalization of $1.76 billion, a P/E ratio of 28.43 and a beta of 1.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.45 and a current ratio of 2.36. Benchmark Electronics, Inc. has a one year low of $26.02 and a one year high of $52.57.

Benchmark Electronics (NYSE:BHE) last announced its earnings results 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. The firm had revenue of $658.00 million during the quarter, compared to analyst estimates of $650.00 million. Benchmark Electronics had a net margin of 2.32% and a return on equity of 6.81%. Benchmark Electronics’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 EPS.

Benchmark Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.39%. Benchmark Electronics’s dividend payout ratio is presently 39.53%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $48.00 target price on shares of Benchmark Electronics in a report on Tuesday, January 14th. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.