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

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

Benchmark Electronics Price Performance

BHE traded up $0.90 during trading on Wednesday, reaching $40.04. 382,062 shares of the stock were exchanged, compared to its average volume of 305,672. 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 market capitalization 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 business’s 50 day moving average price is $30.62 and its two-hundred day moving average price is $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 given a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 annualized dividend and a dividend yield of 1.65%. Benchmark Electronics’s dividend payout ratio is presently 36.07%.

Hedge Funds Weigh In On Benchmark Electronics

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Benchmark Electronics by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,685,488 shares of the technology company’s stock valued at $129,507,000 after acquiring an additional 58,266 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Benchmark Electronics by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,996,161 shares of the technology company’s stock valued at $82,815,000 after acquiring an additional 21,170 shares in the last quarter. Franklin Resources Inc. increased its holdings in Benchmark Electronics by 1.8% during the 4th quarter. Franklin Resources Inc. now owns 2,351,157 shares of the technology company’s stock valued at $64,986,000 after acquiring an additional 42,570 shares in the last quarter. Invesco Ltd. increased its holdings in Benchmark Electronics by 17.6% during the 3rd quarter. Invesco Ltd. now owns 1,328,401 shares of the technology company’s stock valued at $32,227,000 after acquiring an additional 199,263 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Benchmark Electronics by 36.9% during the 4th quarter. First Trust Advisors LP now owns 902,475 shares of the technology company’s stock valued at $24,944,000 after acquiring an additional 243,480 shares in the last quarter. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BHE has been the subject of a number of recent analyst reports. Sidoti downgraded Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Monday, April 29th. Needham & Company LLC raised their price objective on shares of Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a research note on Monday. Finally, StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a report on Friday, May 3rd.

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.