Jan M. Janick Sells 6,777 Shares of Benchmark Electronics, Inc. (NYSE:BHE) Stock

Benchmark Electronics, Inc. (NYSE:BHE) SVP Jan M. Janick sold 6,777 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $38.87, for a total transaction of $263,421.99. Following the completion of the sale, the senior vice president now owns 67,774 shares in the company, valued at $2,634,375.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Benchmark Electronics Stock Down 0.5 %

Shares of NYSE BHE opened at $39.82 on Friday. Benchmark Electronics, Inc. has a 1 year low of $20.88 and a 1 year high of $40.16. The firm’s 50 day moving average price is $31.00 and its 200 day moving average price is $28.28. The firm has a market cap of $1.44 billion, a P/E ratio of 21.76 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.41 and a current ratio of 2.36.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 dividend on an annualized basis and a yield of 1.66%. Benchmark Electronics’s dividend payout ratio (DPR) is currently 36.07%.

Institutional Trading of Benchmark Electronics

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Benchmark Electronics by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,685,488 shares of the technology company’s stock worth $129,507,000 after acquiring an additional 58,266 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Benchmark Electronics by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,996,161 shares of the technology company’s stock worth $82,815,000 after acquiring an additional 21,170 shares during the last quarter. Franklin Resources Inc. boosted its position in Benchmark Electronics by 1.8% during the fourth quarter. Franklin Resources Inc. now owns 2,351,157 shares of the technology company’s stock worth $64,986,000 after acquiring an additional 42,570 shares during the last quarter. Invesco Ltd. boosted its position in Benchmark Electronics by 17.6% during the third quarter. Invesco Ltd. now owns 1,328,401 shares of the technology company’s stock worth $32,227,000 after acquiring an additional 199,263 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Benchmark Electronics by 36.9% during the fourth quarter. First Trust Advisors LP now owns 902,475 shares of the technology company’s stock worth $24,944,000 after acquiring an additional 243,480 shares during the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Sidoti lowered shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research report on Monday, April 29th. Finally, Needham & Company LLC increased their price target on shares of Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Monday.

Benchmark Electronics Company 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.