Uncommon Cents Investing LLC Purchases Shares of 11,830 Benchmark Electronics, Inc. (NYSE:BHE)

Uncommon Cents Investing LLC acquired a new stake in Benchmark Electronics, Inc. (NYSE:BHE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,830 shares of the technology company’s stock, valued at approximately $327,000.

Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in Benchmark Electronics by 135.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the technology company’s stock worth $39,000 after purchasing an additional 917 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Benchmark Electronics by 25.8% during the 1st quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock worth $64,000 after buying an additional 526 shares during the period. State of Wyoming lifted its holdings in Benchmark Electronics by 66.6% during the 4th quarter. State of Wyoming now owns 3,138 shares of the technology company’s stock worth $84,000 after buying an additional 1,254 shares during the period. Captrust Financial Advisors lifted its stake in shares of Benchmark Electronics by 70.4% in 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 period. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Benchmark Electronics by 14.4% in 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 period. 92.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BHE. StockNews.com downgraded Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Needham & Company LLC boosted their price objective on Benchmark Electronics from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 1st.

Benchmark Electronics Stock Performance

Shares of BHE stock traded down $0.18 during trading on Thursday, hitting $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 market cap of $1.07 billion, a PE ratio of 16.67 and a beta of 1.02. The company has a current ratio of 2.29, a quick ratio of 1.33 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average of $29.40 and a 200-day moving average of $26.71. Benchmark Electronics, Inc. has a 52 week low of $20.58 and a 52 week high of $31.75.

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

Benchmark Electronics Announces Dividend

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