Intech Investment Management LLC Has $738,000 Position in Benchmark Electronics, Inc. (NYSE:BHE)

Intech Investment Management LLC decreased its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 32.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,251 shares of the technology company’s stock after selling 7,742 shares during the quarter. Intech Investment Management LLC’s holdings in Benchmark Electronics were worth $738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP lifted its stake in shares of Benchmark Electronics by 19.5% during the 3rd 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 during the last quarter. Wellington Management Group LLP lifted its position in Benchmark Electronics by 34.5% during the third quarter. Wellington Management Group LLP now owns 428,181 shares of the technology company’s stock worth $18,977,000 after acquiring an additional 109,903 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Benchmark Electronics during the fourth quarter worth approximately $4,145,000. Edgestream Partners L.P. bought a new stake in shares of Benchmark Electronics during the fourth quarter worth approximately $3,709,000. Finally, Barclays PLC grew its position in shares of Benchmark Electronics by 128.8% in the third quarter. Barclays PLC now owns 86,024 shares of the technology company’s stock valued at $3,814,000 after purchasing an additional 48,425 shares during the last quarter. 92.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BHE has been the topic of several recent research reports. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC lifted their price objective on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.00.

Benchmark Electronics Stock Performance

NYSE:BHE opened at $40.21 on Monday. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 23.25 and a beta of 0.97. Benchmark Electronics, Inc. has a fifty-two week low of $28.64 and a fifty-two week high of $52.57. 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 fifty day moving average price of $42.16 and a 200-day moving average price of $44.41.

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 the consensus estimate 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 declared a quarterly dividend, which will be paid on Friday, April 11th. Investors of record on Monday, March 31st will be given a dividend of $0.17 per share. The ex-dividend date is Monday, March 31st. This represents a $0.68 annualized dividend and a dividend yield of 1.69%. Benchmark Electronics’s dividend payout ratio is 39.31%.

Insider Activity at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 448,180 shares of the company’s stock, valued at $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 SEC, which is available through this link. 2.10% of the stock is currently owned by insiders.

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.