Benchmark Electronics, Inc. (NYSE:BHE) CFO Sells $30,051.54 in Stock

Benchmark Electronics, Inc. (NYSE:BHE) CFO Arvind Kamal sold 783 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $38.38, for a total value of $30,051.54. Following the completion of the transaction, the chief financial officer now directly owns 20,735 shares in the company, valued at $795,809.30. The sale was disclosed in a filing with the SEC, which is available through this link.

Benchmark Electronics Stock Up 2.3 %

BHE stock traded up $0.90 during mid-day trading on Wednesday, reaching $40.04. 382,062 shares of the company traded hands, compared to its average volume of 305,672. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 21.58 and a beta of 1.00. 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 $20.58 and a fifty-two week high of $40.04. The firm’s 50 day moving average price is $30.62 and its 200 day moving average price is $28.12.

Benchmark Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 1.65%. The ex-dividend date was Wednesday, March 27th. Benchmark Electronics’s dividend payout ratio (DPR) is presently 36.07%.

Wall Street Analysts Forecast Growth

BHE has been the topic of several analyst reports. Sidoti lowered 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. Needham & Company LLC increased their target price on Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Monday. Finally, StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd.

Institutional Investors Weigh In On Benchmark Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Benchmark Electronics by 1.3% in the fourth 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 grew its holdings in shares of Benchmark Electronics by 0.7% in the fourth 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. grew its holdings in shares of Benchmark Electronics by 1.8% in the fourth 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. grew its holdings in shares of Benchmark Electronics by 17.6% in the third 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 grew its holdings in shares of Benchmark Electronics by 36.9% in the fourth 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. Hedge funds and other institutional investors 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.