Proficio Capital Partners LLC Buys Shares of 19,113 Benchmark Electronics, Inc. (NYSE:BHE)

Proficio Capital Partners LLC bought a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,113 shares of the technology company’s stock, valued at approximately $868,000. Proficio Capital Partners LLC owned approximately 0.05% of Benchmark Electronics at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust bought a new stake in Benchmark Electronics during the 4th quarter valued at $50,000. KBC Group NV boosted its position in Benchmark Electronics by 125.3% during the 3rd quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock valued at $68,000 after acquiring an additional 853 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Benchmark Electronics by 12.9% in the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock worth $116,000 after purchasing an additional 292 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in shares of Benchmark Electronics in the 3rd quarter worth $238,000. Finally, Highland Capital Management LLC boosted its position in shares of Benchmark Electronics by 6.4% in the 4th quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company’s stock worth $255,000 after purchasing an additional 337 shares in the last quarter. Institutional investors own 92.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of Benchmark Electronics stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $38.82, for a total transaction of $232,920.00. Following the completion of the transaction, the chief executive officer now owns 448,180 shares in the company, valued at approximately $17,398,347.60. This trade represents a 1.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.10% of the stock is currently owned by company insiders.

Benchmark Electronics Stock Performance

Shares of BHE stock opened at $40.21 on Friday. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 23.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. The business has a fifty day moving average of $42.16 and a 200 day moving average of $44.36. Benchmark Electronics, Inc. has a 1 year low of $28.64 and a 1 year high of $52.57.

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

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be paid a $0.17 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.69%. Benchmark Electronics’s dividend payout ratio (DPR) is 39.31%.

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.