Benchmark Electronics, Inc. (NYSE:BHE – Get Free Report) CEO Jeff Benck sold 25,000 shares of Benchmark Electronics stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $58.19, for a total transaction of $1,454,750.00. Following the transaction, the chief executive officer directly owned 398,180 shares of the company’s stock, valued at approximately $23,170,094.20. This trade represents a 5.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Jeff Benck also recently made the following trade(s):
- On Wednesday, January 21st, Jeff Benck sold 14,900 shares of Benchmark Electronics stock. The shares were sold at an average price of $50.24, for a total transaction of $748,576.00.
- On Tuesday, January 20th, Jeff Benck sold 100 shares of Benchmark Electronics stock. The shares were sold at an average price of $50.00, for a total transaction of $5,000.00.
- On Monday, December 8th, Jeff Benck sold 10,000 shares of Benchmark Electronics stock. The stock was sold at an average price of $47.55, for a total transaction of $475,500.00.
Benchmark Electronics Price Performance
NYSE:BHE opened at $59.27 on Friday. Benchmark Electronics, Inc. has a 52 week low of $30.73 and a 52 week high of $60.51. The company has a quick ratio of 1.52, a current ratio of 2.28 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $2.11 billion, a PE ratio of 85.90 and a beta of 1.03. The stock’s 50-day moving average price is $48.97 and its 200-day moving average price is $43.82.
Benchmark Electronics Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Benchmark Electronics’s dividend payout ratio is currently 98.55%.
Analysts Set New Price Targets
BHE has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Benchmark Electronics in a research report on Wednesday, January 21st. Needham & Company LLC increased their target price on Benchmark Electronics from $55.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Wall Street Zen raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Lake Street Capital set a $62.00 price target on Benchmark Electronics in a research report on Wednesday, February 4th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Benchmark Electronics presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.
View Our Latest Analysis on BHE
Institutional Investors Weigh In On Benchmark Electronics
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Earnest Partners LLC acquired a new position in Benchmark Electronics during the fourth quarter worth $74,940,000. First Trust Advisors LP boosted its position in shares of Benchmark Electronics by 39.0% during the 2nd quarter. First Trust Advisors LP now owns 1,790,647 shares of the technology company’s stock valued at $69,531,000 after acquiring an additional 502,717 shares during the last quarter. Tributary Capital Management LLC grew its holdings in shares of Benchmark Electronics by 92.5% in the third quarter. Tributary Capital Management LLC now owns 879,486 shares of the technology company’s stock valued at $33,904,000 after purchasing an additional 422,608 shares during the period. Franklin Resources Inc. grew its holdings in shares of Benchmark Electronics by 14.4% in the third quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company’s stock valued at $103,634,000 after purchasing an additional 338,081 shares during the period. Finally, Kennedy Capital Management LLC raised its stake in Benchmark Electronics by 141.8% during the third quarter. Kennedy Capital Management LLC now owns 363,651 shares of the technology company’s stock worth $14,019,000 after purchasing an additional 213,276 shares during the period. Institutional investors and hedge funds own 92.29% of the company’s stock.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early‐stage design and prototyping to high‐volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.
At the core of Benchmark’s offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.
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