Teacher Retirement System of Texas Sells 13,710 Shares of Benchmark Electronics, Inc. $BHE

Teacher Retirement System of Texas decreased its position in Benchmark Electronics, Inc. (NYSE:BHE) by 9.0% during the 2nd quarter, Holdings Channel reports. The firm owned 138,092 shares of the technology company’s stock after selling 13,710 shares during the quarter. Teacher Retirement System of Texas’ holdings in Benchmark Electronics were worth $5,362,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BHE. New Age Alpha Advisors LLC bought a new stake in shares of Benchmark Electronics in the 1st quarter worth about $56,000. GAMMA Investing LLC grew its holdings in shares of Benchmark Electronics by 58.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,609 shares of the technology company’s stock worth $140,000 after purchasing an additional 1,329 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Benchmark Electronics in the 1st quarter worth about $202,000. Linscomb Wealth Inc. bought a new stake in shares of Benchmark Electronics in the 1st quarter worth about $214,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Benchmark Electronics in the 2nd quarter worth about $331,000. Institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Stock Up 0.6%

Shares of NYSE BHE opened at $43.80 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.36 and a debt-to-equity ratio of 0.18. Benchmark Electronics, Inc. has a 12-month low of $30.73 and a 12-month high of $52.57. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 41.71 and a beta of 1.06. The firm’s 50-day simple moving average is $40.12 and its 200 day simple moving average is $38.66.

Benchmark Electronics (NYSE:BHE) last released its earnings results on Wednesday, July 30th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Benchmark Electronics had a net margin of 1.48% and a return on equity of 6.08%. The company had revenue of $642.34 million for the quarter, compared to the consensus estimate of $638.67 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue was down 3.6% compared to the same quarter last year.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. Benchmark Electronics’s dividend payout ratio is presently 64.76%.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, SVP Jan M. Janick sold 10,004 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $40.50, for a total transaction of $405,162.00. Following the transaction, the senior vice president directly owned 62,368 shares in the company, valued at approximately $2,525,904. This represents a 13.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

BHE has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Needham & Company LLC reduced their price target on shares of Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.50.

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.