Uncommon Cents Investing LLC Acquires New Shares in Benchmark Electronics, Inc. (NYSE:BHE)

Uncommon Cents Investing LLC purchased a new position in Benchmark Electronics, Inc. (NYSE:BHE) in the fourth quarter, Holdings Channel.com reports. The firm purchased 11,830 shares of the technology company’s stock, valued at approximately $327,000.

Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Benchmark Electronics by 135.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the technology company’s stock worth $39,000 after buying an additional 917 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Benchmark Electronics by 25.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock valued at $64,000 after purchasing an additional 526 shares during the last quarter. State of Wyoming boosted its holdings in shares of Benchmark Electronics by 66.6% during the 4th quarter. State of Wyoming now owns 3,138 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,254 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Benchmark Electronics by 70.4% during the 1st quarter. Captrust Financial Advisors now owns 4,817 shares of the technology company’s stock valued at $121,000 after purchasing an additional 1,990 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of Benchmark Electronics by 14.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,578 shares of the technology company’s stock valued at $140,000 after purchasing an additional 702 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BHE. StockNews.com downgraded shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Needham & Company LLC increased their price target on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, February 1st.

Benchmark Electronics Trading Down 0.6 %

Shares of NYSE:BHE traded down $0.18 during trading on Thursday, reaching $30.01. The company’s stock had a trading volume of 276,874 shares, compared to its average volume of 294,065. The company has a current ratio of 2.29, a quick ratio of 1.33 and a debt-to-equity ratio of 0.30. Benchmark Electronics, Inc. has a 12 month low of $20.58 and a 12 month high of $31.75. The firm’s 50 day simple moving average is $29.40 and its two-hundred day simple moving average is $26.71. The stock has a market capitalization of $1.07 billion, a PE ratio of 16.67 and a beta of 1.02.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $691.35 million for the quarter. Benchmark Electronics had a net margin of 2.27% and a return on equity of 6.95%.

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 2.20%. The ex-dividend date is Wednesday, March 27th. Benchmark Electronics’s payout ratio is 36.67%.

Benchmark Electronics Company 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.