By otakuyassine3@gmail.com 
Tributary Capital Management LLC lowered its holdings in Benchmark Electronics, Inc. (NYSE:BHE – Free Report) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 575,362 shares of the technology company’s stock after selling 767 shares during the period. Benchmark Electronics comprises about 2.0% of Tributary Capital Management LLC’s portfolio, making the stock its 10th largest holding. Tributary Capital Management LLC owned 1.60% of Benchmark Electronics worth $26,121,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BHE. Wedge Capital Management L L P NC acquired a new position in Benchmark Electronics during the fourth quarter worth $1,870,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Benchmark Electronics by 11.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 8,303 shares of the technology company’s stock valued at $377,000 after purchasing an additional 841 shares during the period. Heritage Family Offices LLP lifted its stake in Benchmark Electronics by 5.7% in the 4th quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company’s stock valued at $280,000 after purchasing an additional 334 shares during the last quarter. GAMMA Investing LLC increased its position in 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 buying an additional 292 shares during the last quarter. Finally, Principal Financial Group Inc. increased 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 last quarter. 92.29% of the stock is owned by institutional investors.
Insider Buying and Selling at Benchmark Electronics
In related news, SVP Rhonda R. Turner sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $46.98, for a total transaction of $281,880.00. Following the sale, the senior vice president now owns 47,991 shares of the company’s stock, valued at $2,254,617.18. This trade represents a 11.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeff Benck sold 24,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $45.90, for a total value of $1,101,600.00. Following the completion of the transaction, the chief executive officer now owns 424,173 shares of the company’s stock, valued at $19,469,540.70. This represents a 5.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,000 shares of company stock worth $1,655,340 over the last three months. Corporate insiders own 2.10% of the company’s stock.
Benchmark Electronics Stock Performance
NYSE BHE opened at $47.01 on Friday. The firm has a 50-day moving average price of $47.26 and a two-hundred day moving average price of $44.62. Benchmark Electronics, Inc. has a 12-month low of $26.41 and a 12-month high of $52.57. The company has a market capitalization of $1.69 billion, a P/E ratio of 27.33 and a beta of 1.00. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25.
Benchmark Electronics (NYSE:BHE – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.00 million. Benchmark Electronics had a return on equity of 6.81% and a net margin of 2.32%. The company’s revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS.
Benchmark Electronics Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. Benchmark Electronics’s dividend payout ratio is 39.53%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. 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 raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Benchmark Electronics has an average rating of “Moderate Buy” and an average target price of $42.33.
Read Our Latest Research Report on Benchmark Electronics
About Benchmark Electronics
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.
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