Goldman Sachs Group Inc. decreased its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 39.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 394,414 shares of the technology company’s stock after selling 253,824 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.08% of Benchmark Electronics worth $8,519,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of BHE. Federated Hermes Inc. lifted its stake in Benchmark Electronics by 59.5% in the 1st quarter. Federated Hermes Inc. now owns 2,450 shares of the technology company’s stock valued at $49,000 after purchasing an additional 914 shares during the last quarter. IFP Advisors Inc lifted its stake in Benchmark Electronics by 13.9% in the 2nd quarter. IFP Advisors Inc now owns 5,478 shares of the technology company’s stock valued at $115,000 after purchasing an additional 668 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in Benchmark Electronics in the 1st quarter valued at about $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Benchmark Electronics by 146.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,745 shares of the technology company’s stock valued at $146,000 after purchasing an additional 4,012 shares during the last quarter. Finally, CWM Advisors LLC acquired a new stake in Benchmark Electronics in the 1st quarter valued at about $196,000. 94.42% of the stock is currently owned by hedge funds and other institutional investors.
BHE has been the topic of several research analyst reports. Sidoti increased their price target on shares of Benchmark Electronics from $24.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, June 4th. Needham & Company LLC initiated coverage on shares of Benchmark Electronics in a report on Thursday, July 30th. They issued a “hold” rating on the stock.
Benchmark Electronics stock opened at $20.89 on Wednesday. The stock has a market cap of $752.92 million, a P/E ratio of 2,091.09 and a beta of 0.98. The company has a quick ratio of 1.82, a current ratio of 2.60 and a debt-to-equity ratio of 0.17. Benchmark Electronics, Inc. has a twelve month low of $14.06 and a twelve month high of $37.36. The company’s 50-day moving average price is $20.39 and its two-hundred day moving average price is $20.98.
Benchmark Electronics (NYSE:BHE) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). Benchmark Electronics had a net margin of 0.03% and a return on equity of 3.46%. The company had revenue of $491.00 million during the quarter, compared to the consensus estimate of $474.33 million. During the same period in the prior year, the company earned $0.36 earnings per share. The firm’s revenue was down 18.4% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.64 annualized dividend and a dividend yield of 3.06%. Benchmark Electronics’s dividend payout ratio is presently 48.48%.
Benchmark Electronics Profile
Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.
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