Heartland Advisors Inc. Has $9.78 Million Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Heartland Advisors Inc. boosted its position in Benchmark Electronics, Inc. (NYSE:BHEFree Report) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 353,800 shares of the technology company’s stock after buying an additional 3,650 shares during the quarter. Heartland Advisors Inc. owned approximately 0.99% of Benchmark Electronics worth $9,779,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC raised its position in Benchmark Electronics by 121.0% in the 4th quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock valued at $49,000 after buying an additional 967 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Benchmark Electronics during the 3rd quarter worth approximately $222,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Benchmark Electronics by 39.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,194 shares of the technology company’s stock worth $223,000 after purchasing an additional 2,607 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of Benchmark Electronics during the 4th quarter worth approximately $223,000. Finally, Vest Financial LLC bought a new position in shares of Benchmark Electronics during the 4th quarter worth approximately $238,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Needham & Company LLC lifted their target price on Benchmark Electronics from $31.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Finally, Sidoti lowered Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a report on Monday, April 29th.

Read Our Latest Analysis on BHE

Benchmark Electronics Price Performance

Shares of BHE traded up $1.02 during trading hours on Tuesday, hitting $41.10. 231,834 shares of the company were exchanged, compared to its average volume of 303,534. The company has a quick ratio of 1.41, a current ratio of 2.36 and a debt-to-equity ratio of 0.29. Benchmark Electronics, Inc. has a fifty-two week low of $21.16 and a fifty-two week high of $41.10. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 22.46 and a beta of 1.00. The firm’s fifty day moving average is $31.57 and its 200 day moving average is $28.71.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders 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 1.61%. The ex-dividend date was Wednesday, March 27th. Benchmark Electronics’s payout ratio is 36.07%.

Insider Transactions at Benchmark Electronics

In related news, Director Jeffrey Stephen Mccreary sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $39.49, for a total value of $394,900.00. Following the completion of the transaction, the director now owns 45,062 shares of the company’s stock, valued at approximately $1,779,498.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Arvind Kamal sold 783 shares of the business’s 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 sale, the chief financial officer now directly owns 20,735 shares in the company, valued at $795,809.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jeffrey Stephen Mccreary sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $39.49, for a total transaction of $394,900.00. Following the completion of the transaction, the director now owns 45,062 shares of the company’s stock, valued at approximately $1,779,498.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,560 shares of company stock valued at $688,374. 2.10% of the stock is currently owned by insiders.

Benchmark Electronics Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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