Benchmark Electronics, Inc. (NYSE:BHE - Get Free Report) CFO Arvind Kamal sold 783 shares of the firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $38.38, for a total transaction 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 approximately $795,809.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Benchmark Electronics Stock Performance
Shares of Benchmark Electronics stock opened at $40.04 on Thursday. The stock's fifty day simple moving average is $30.82 and its 200 day simple moving average is $28.20. The company has a current ratio of 2.36, a quick ratio of 1.41 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.44 billion, a PE ratio of 21.88 and a beta of 1.00. Benchmark Electronics, Inc. has a 12 month low of $20.58 and a 12 month high of $40.04.
Benchmark Electronics Announces Dividend
The company also recently announced 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. This represents a $0.66 dividend on an annualized basis 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
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A number of equities research analysts recently commented on BHE shares. Needham & Company LLC upped their price objective on Benchmark Electronics from $31.00 to $40.00 and gave the company a "buy" rating in a report on Monday. Sidoti cut Benchmark Electronics from a "buy" rating to a "neutral" rating and set a $33.00 price target for the company. in a research note on Monday, April 29th. Finally, StockNews.com upgraded shares of Benchmark Electronics from a "hold" rating to a "buy" rating in a research report on Friday, May 3rd.
Read Our Latest Stock Analysis on Benchmark Electronics
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of Benchmark Electronics in the first quarter worth $27,000. Parallel Advisors LLC increased its stake in Benchmark Electronics by 97.9% in the 4th quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company's stock valued at $32,000 after buying an additional 566 shares during the last quarter. Signaturefd LLC lifted its position in Benchmark Electronics by 121.0% during the 4th quarter. Signaturefd LLC now owns 1,766 shares of the technology company's stock worth $49,000 after buying an additional 967 shares in the last quarter. SG Americas Securities LLC bought a new stake in Benchmark Electronics during the 1st quarter worth about $136,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of Benchmark Electronics by 212.5% in the 4th quarter. Quadrant Capital Group LLC now owns 6,407 shares of the technology company's stock valued at $177,000 after acquiring an additional 4,357 shares in the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.
Benchmark Electronics Company Profile
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Get Free Report)
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.
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