1 week Ago By ABMN Staff
Barclays PLC grew its stake in Benchmark Electronics, Inc. ( NYSE:BHE – Free Report ) by 8.8% during the 4th quarter, Holdings Channel reports.
The fund owned 93,573 shares of the technology company’s stock after acquiring an additional 7,549 shares during the period. Barclays PLC’s holdings in Benchmark Electronics were worth $4,248,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also made changes to their positions in the company.
Raymond James Financial Inc. purchased a new stake in shares of Benchmark Electronics in the fourth quarter valued at $4,145,000. Proficio Capital Partners LLC purchased a new position in Benchmark Electronics during the fourth quarter worth about $868,000.
Principal Financial Group Inc. lifted its position in Benchmark Electronics by 3.7% during the third quarter.
Principal Financial Group Inc. now owns 184,332 shares of the technology company’s stock worth $8,170,000 after buying an additional 6,561 shares during the period. Swiss National Bank lifted its position in Benchmark Electronics by 1.
0% during the fourth quarter. Swiss National Bank now owns 71,000 shares of the technology company’s stock worth $3,223,000 after buying an additional 700 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new position in Benchmark Electronics during the fourth quarter worth about $1,870,000.
92.29% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity In other news, CEO Jeff Benck sold 6,000 shares of the stock in a transaction dated Wednesday, March 12th.
The stock was sold at an average price of $38.82, for a total value of $232,920.00.
Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . Insiders own 2.
20% of the company’s stock. Benchmark Electronics Stock Performance Benchmark Electronics ( NYSE:BHE – Get Free Report ) last posted 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 net margin of 2.38% and a return on equity of 6.68%.
Benchmark Electronics Announces Dividend The business also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were paid a $0.17 dividend.
The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.
78%. Benchmark Electronics’s dividend payout ratio (DPR) is currently 39.31%.
Analyst Upgrades and Downgrades BHE has been the topic of several recent analyst reports. Needham & Company LLC increased their target price 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 upgraded 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.
00. Check Out Our Latest Analysis on BHE About Benchmark Electronics ( Free Report ) 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.
See Also Want to see what other hedge funds are holding BHE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Benchmark Electronics, Inc. ( NYSE:BHE – Free Report ).
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