UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Benchmark Electronics, Inc. (NYSE:BHE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 19.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,304 shares of the technology company’s stock after buying an additional 15,264 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Benchmark Electronics worth $4,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BHE. Franklin Resources Inc. increased its stake in Benchmark Electronics by 0.7% in the 4th quarter. Franklin Resources Inc. now owns 1,909,918 shares of the technology company’s stock valued at $86,710,000 after purchasing an additional 12,350 shares in the last quarter. American Century Companies Inc. lifted its holdings in Benchmark Electronics by 16.9% in the 4th quarter. American Century Companies Inc. now owns 1,153,257 shares of the technology company’s stock valued at $52,358,000 after purchasing an additional 166,967 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Benchmark Electronics by 45.2% during the 4th quarter. JPMorgan Chase & Co. now owns 815,499 shares of the technology company’s stock worth $37,024,000 after purchasing an additional 253,730 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Benchmark Electronics by 1.9% during the fourth quarter. Wellington Management Group LLP now owns 436,181 shares of the technology company’s stock worth $19,803,000 after buying an additional 8,000 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Benchmark Electronics by 8.0% during the fourth quarter. Northern Trust Corp now owns 418,234 shares of the technology company’s stock valued at $18,988,000 after buying an additional 31,071 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Stock Performance

Shares of BHE stock opened at $37.21 on Thursday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 21.51 and a beta of 0.92. The company has a 50 day moving average price of $35.96 and a 200 day moving average price of $41.33. Benchmark Electronics, Inc. has a one year low of $30.73 and a one year high of $52.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Tuesday, April 29th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Benchmark Electronics had a return on equity of 6.68% and a net margin of 2.38%. The business had revenue of $631.76 million for the quarter, compared to analyst estimates of $640.00 million. During the same period last year, the company posted $0.55 EPS. The business’s quarterly revenue was down 6.5% on a year-over-year basis.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Monday, March 31st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, March 31st. Benchmark Electronics’s payout ratio is currently 46.90%.

Insider Buying and Selling

In related news, CEO Jeff Benck sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $38.82, for a total transaction of $232,920.00. Following the completion of the sale, the chief executive officer now directly owns 448,180 shares of the company’s stock, valued at approximately $17,398,347.60. This represents a 1.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BHE shares. Lake Street Capital cut their price target on Benchmark Electronics from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Needham & Company LLC dropped their target price on Benchmark Electronics from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, April 30th. Finally, Wall Street Zen lowered Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd.

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.