Sensato Investors LLC decreased its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,747 shares of the technology company’s stock after selling 40,420 shares during the period. Sensato Investors LLC owned 0.29% of Benchmark Electronics worth $4,241,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of BHE. Nationwide Fund Advisors lifted its position in Benchmark Electronics by 31.1% during the 3rd quarter. Nationwide Fund Advisors now owns 188,559 shares of the technology company’s stock worth $6,439,000 after buying an additional 44,712 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Benchmark Electronics during the 3rd quarter worth about $574,000. Stevens Capital Management LP lifted its position in Benchmark Electronics by 19.7% during the 3rd quarter. Stevens Capital Management LP now owns 32,509 shares of the technology company’s stock worth $1,110,000 after buying an additional 5,343 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Benchmark Electronics by 30.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 26,570 shares of the technology company’s stock worth $907,000 after buying an additional 6,143 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in Benchmark Electronics by 59.2% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 18,660 shares of the technology company’s stock worth $637,000 after buying an additional 6,940 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.
Benchmark Electronics, Inc. (NYSE BHE) opened at $31.80 on Wednesday. The company has a current ratio of 3.38, a quick ratio of 2.55 and a debt-to-equity ratio of 0.15. Benchmark Electronics, Inc. has a 52-week low of $27.05 and a 52-week high of $35.80. The stock has a market cap of $1,566.63, a PE ratio of -48.18 and a beta of 0.39.
Benchmark Electronics declared that its board has initiated a share repurchase plan on Wednesday, March 7th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.89%.
Separately, TheStreet downgraded shares of Benchmark Electronics from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.67.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.
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