Benchmark Electronics, Inc. (NYSE:BHE) SVP Jan M. Janick Sells 6,777 Shares

Benchmark Electronics, Inc. (NYSE:BHE) SVP Jan M. Janick sold 6,777 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $38.87, for a total value of $263,421.99. Following the sale, the senior vice president now owns 67,774 shares in the company, valued at $2,634,375.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Benchmark Electronics Trading Up 2.3 %

Shares of BHE stock traded up $0.90 during trading hours on Wednesday, reaching $40.04. The company had a trading volume of 382,062 shares, compared to its average volume of 305,672. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 21.58 and a beta of 1.00. Benchmark Electronics, Inc. has a 1-year low of $20.58 and a 1-year high of $40.04. 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 company has a 50 day moving average of $30.62 and a 200 day moving average of $28.12.

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.65%. The ex-dividend date was Wednesday, March 27th. Benchmark Electronics’s payout ratio is presently 36.07%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Needham & Company LLC upped their price objective on Benchmark Electronics from $31.00 to $40.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd. Finally, Sidoti downgraded Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Monday, April 29th.

Institutional Trading of Benchmark Electronics

Hedge funds have recently added to or reduced their stakes in the business. Texas Permanent School Fund Corp increased its holdings in Benchmark Electronics by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 31,229 shares of the technology company’s stock worth $937,000 after purchasing an additional 405 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Benchmark Electronics by 1.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 28,848 shares of the technology company’s stock worth $797,000 after purchasing an additional 500 shares in the last quarter. Uncommon Cents Investing LLC increased its holdings in Benchmark Electronics by 4.5% during the 1st quarter. Uncommon Cents Investing LLC now owns 12,360 shares of the technology company’s stock worth $371,000 after purchasing an additional 530 shares in the last quarter. Truvestments Capital LLC increased its holdings in Benchmark Electronics by 4.0% during the 3rd quarter. Truvestments Capital LLC now owns 14,085 shares of the technology company’s stock worth $342,000 after purchasing an additional 548 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Benchmark Electronics by 97.9% during the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock worth $32,000 after purchasing an additional 566 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.

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.