First Eagle Investment Management LLC Has $9.03 Million Stake in Benchmark Electronics, Inc. (NYSE:BHE)

First Eagle Investment Management LLC boosted its holdings in Benchmark Electronics, Inc. (NYSE:BHE) by 3.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 300,729 shares of the technology company’s stock after purchasing an additional 9,137 shares during the quarter. First Eagle Investment Management LLC owned about 0.83% of Benchmark Electronics worth $9,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Benchmark Electronics by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 892,102 shares of the technology company’s stock valued at $24,658,000 after buying an additional 30,941 shares during the last quarter. Empowered Funds LLC boosted its stake in Benchmark Electronics by 61.4% during the 1st quarter. Empowered Funds LLC now owns 75,682 shares of the technology company’s stock valued at $2,271,000 after purchasing an additional 28,784 shares during the last quarter. Wellington Management Group LLP increased its holdings in Benchmark Electronics by 63.3% during the 4th quarter. Wellington Management Group LLP now owns 183,278 shares of the technology company’s stock worth $5,066,000 after purchasing an additional 71,024 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Benchmark Electronics by 36.9% in the fourth quarter. First Trust Advisors LP now owns 902,475 shares of the technology company’s stock valued at $24,944,000 after purchasing an additional 243,480 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Benchmark Electronics in the 1st quarter valued at $2,028,000. Institutional investors own 92.29% of the company’s stock.

Insiders Place Their Bets

In other Benchmark Electronics news, CFO Arvind Kamal sold 783 shares of Benchmark Electronics stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $38.38, for a total transaction of $30,051.54. Following the completion of the transaction, the chief financial officer now owns 20,735 shares of the company’s stock, valued at approximately $795,809.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Arvind Kamal sold 783 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $38.38, for a total value of $30,051.54. Following the sale, the chief financial officer now owns 20,735 shares in the company, valued at $795,809.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jan M. Janick sold 6,777 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $38.87, for a total value of $263,421.99. Following the transaction, the senior vice president now owns 67,774 shares of the company’s stock, valued at $2,634,375.38. The disclosure for this sale can be found here. Insiders have sold a total of 17,560 shares of company stock worth $688,374 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on BHE shares. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Needham & Company LLC increased their price target on Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Fox Advisors lowered Benchmark Electronics from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, May 15th. Finally, Sidoti downgraded shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a report on Monday, April 29th.

Benchmark Electronics Stock Performance

Shares of BHE traded down $0.49 during mid-day trading on Friday, hitting $40.96. The stock had a trading volume of 106,338 shares, compared to its average volume of 340,086. Benchmark Electronics, Inc. has a 52 week low of $22.66 and a 52 week high of $44.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 1.41. The business has a fifty day moving average price of $40.82 and a 200-day moving average price of $33.53. The firm has a market cap of $1.48 billion, a P/E ratio of 22.64 and a beta of 0.99.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $675.58 million for the quarter. Benchmark Electronics had a return on equity of 7.20% and a net margin of 2.34%.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were issued a dividend of $0.165 per share. The ex-dividend date was Friday, June 28th. This represents a $0.66 dividend on an annualized basis and a yield of 1.61%. Benchmark Electronics’s payout ratio is 36.07%.

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.