Proficio Capital Partners LLC Makes New Investment in Benchmark Electronics, Inc. (NYSE:BHE)

Proficio Capital Partners LLC purchased a new position in Benchmark Electronics, Inc. (NYSE:BHE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 19,113 shares of the technology company’s stock, valued at approximately $868,000. Proficio Capital Partners LLC owned about 0.05% of Benchmark Electronics as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in Benchmark Electronics by 8.9% during the third quarter. Pacer Advisors Inc. now owns 1,944,347 shares of the technology company’s stock valued at $86,173,000 after purchasing an additional 159,659 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Benchmark Electronics by 0.6% in the third quarter. Franklin Resources Inc. now owns 1,897,568 shares of the technology company’s stock worth $84,081,000 after purchasing an additional 11,738 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Benchmark Electronics by 2.6% in the third quarter. Geode Capital Management LLC now owns 841,602 shares of the technology company’s stock worth $37,307,000 after purchasing an additional 21,355 shares during the last quarter. Wasatch Advisors LP boosted its stake in Benchmark Electronics by 19.5% in the third quarter. Wasatch Advisors LP now owns 820,493 shares of the technology company’s stock worth $36,364,000 after buying an additional 133,602 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Benchmark Electronics by 34.5% during the third quarter. Wellington Management Group LLP now owns 428,181 shares of the technology company’s stock valued at $18,977,000 after purchasing an additional 109,903 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.

Benchmark Electronics Price Performance

NYSE BHE opened at $38.20 on Friday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 22.08 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. The stock has a 50-day moving average of $43.39 and a 200 day moving average of $44.57. Benchmark Electronics, Inc. has a one year low of $27.44 and a one year high of $52.57.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, January 29th. The technology company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, December 31st. Benchmark Electronics’s dividend payout ratio (DPR) is presently 39.31%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Needham & Company LLC raised their price target on Benchmark Electronics from $48.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Insiders Place Their Bets

In related news, CEO Jeff Benck sold 6,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was 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 $18,947,418.63. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

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.