Benchmark Electronics, Inc. (NYSE:BHE) Director Jeffrey Stephen Mccreary Sells 10,000 Shares

Benchmark Electronics, Inc. (NYSE:BHE) Director Jeffrey Stephen Mccreary sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Benchmark Electronics Trading Up 2.3 %

NYSE:BHE opened at $40.04 on Thursday. Benchmark Electronics, Inc. has a 1 year low of $20.58 and a 1 year high of $40.04. The stock has a market cap of $1.44 billion, a P/E ratio of 21.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.41 and a current ratio of 2.36. The stock has a 50-day simple moving average of $30.82 and a 200-day simple moving average of $28.20.

Benchmark Electronics Dividend Announcement

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

Analyst Ratings Changes

BHE has been the subject of several analyst reports. Needham & Company LLC boosted 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. Sidoti cut shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 target price on the stock. in a report on Monday, April 29th. Finally, StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Texas Permanent School Fund Corp lifted its position in Benchmark Electronics by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 31,229 shares of the technology company’s stock valued at $937,000 after acquiring an additional 405 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Benchmark Electronics by 1.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,848 shares of the technology company’s stock valued at $797,000 after purchasing an additional 500 shares during the period. Uncommon Cents Investing LLC grew its stake 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 buying an additional 530 shares during the last quarter. Truvestments Capital LLC increased its position in Benchmark Electronics by 4.0% during the third quarter. Truvestments Capital LLC now owns 14,085 shares of the technology company’s stock worth $342,000 after buying an additional 548 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Benchmark Electronics by 97.9% in the fourth quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock valued at $32,000 after acquiring an additional 566 shares during the period. 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.