19,113 Shares in Benchmark Electronics, Inc. (NYSE:BHE) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Benchmark Electronics, Inc. (NYSE:BHE) during the 4th quarter, HoldingsChannel reports. The fund acquired 19,113 shares of the technology company’s stock, valued at approximately $868,000.

Several other institutional investors also recently bought and sold shares of BHE. Victory Capital Management Inc. boosted its holdings in Benchmark Electronics by 55.2% in the 3rd quarter. Victory Capital Management Inc. now owns 39,439 shares of the technology company’s stock worth $1,748,000 after buying an additional 14,020 shares during the last quarter. KBC Group NV boosted its holdings in Benchmark Electronics by 125.3% in the 3rd quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock worth $68,000 after buying an additional 853 shares during the last quarter. Natixis Advisors LLC boosted its holdings in shares of Benchmark Electronics by 8.3% during the 3rd quarter. Natixis Advisors LLC now owns 27,233 shares of the technology company’s stock worth $1,207,000 after purchasing an additional 2,078 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Benchmark Electronics during the 3rd quarter worth approximately $945,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Benchmark Electronics during the 3rd quarter worth approximately $3,334,000. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BHE shares. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC boosted their target price on Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Benchmark Electronics currently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Benchmark Electronics Stock Down 1.9 %

BHE stock opened at $40.21 on Friday. The firm has a market cap of $1.45 billion, a PE ratio of 23.25 and a beta of 0.97. 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 firm’s 50 day moving average price is $42.16 and its 200-day moving average price is $44.36. Benchmark Electronics, Inc. has a one year low of $28.64 and a one year high of $52.57.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.

Benchmark Electronics Dividend Announcement

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

Insider Activity

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the business’s stock in a transaction that occurred on 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 owns 448,180 shares of the company’s stock, valued at $17,398,347.60. The trade was a 1.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.10% of the company’s stock.

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.