Quadrature Capital Ltd Has $295,000 Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Quadrature Capital Ltd raised its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 16.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,661 shares of the technology company’s stock after buying an additional 1,518 shares during the quarter. Quadrature Capital Ltd’s holdings in Benchmark Electronics were worth $295,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BHE. Invesco Ltd. lifted its holdings in shares of 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 buying an additional 199,263 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Benchmark Electronics by 2.5% in the third quarter. Hsbc Holdings PLC now owns 59,165 shares of the technology company’s stock valued at $1,444,000 after purchasing an additional 1,454 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Benchmark Electronics by 59.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,206 shares of the technology company’s stock valued at $1,485,000 after purchasing an additional 22,913 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in shares of Benchmark Electronics in the third quarter valued at $3,796,000. Finally, Wellington Management Group LLP raised its stake in shares of Benchmark Electronics by 256.9% in the third quarter. Wellington Management Group LLP now owns 112,254 shares of the technology company’s stock valued at $2,723,000 after purchasing an additional 80,800 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Fox Advisors lowered Benchmark Electronics from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, May 15th. Sidoti cut 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. Needham & Company LLC upped their price target on Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th.

Insider Transactions at Benchmark Electronics

In other news, Director Jeffrey Stephen Mccreary sold 10,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total transaction of $394,900.00. Following the sale, the director now owns 45,062 shares in the company, valued at $1,779,498.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Jeffrey Stephen Mccreary sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total value of $394,900.00. Following the transaction, the director now owns 45,062 shares in the company, valued at $1,779,498.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jan M. Janick sold 6,777 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $38.87, for a total value of $263,421.99. Following the completion of the transaction, the senior vice president now owns 67,774 shares in the company, valued at approximately $2,634,375.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,560 shares of company stock worth $688,374. Insiders own 2.10% of the company’s stock.

Benchmark Electronics Stock Performance

Shares of NYSE:BHE opened at $39.24 on Wednesday. The business’s fifty day moving average price is $38.53 and its two-hundred day moving average price is $32.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 1.41. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 21.44 and a beta of 1.03. Benchmark Electronics, Inc. has a fifty-two week low of $22.66 and a fifty-two week high of $44.85.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.45 by $0.05. The company had revenue of $675.58 million for the quarter. Benchmark Electronics had a return on equity of 7.20% and a net margin of 2.34%.

Benchmark Electronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Friday, June 28th. Benchmark Electronics’s payout ratio is presently 36.07%.

Benchmark Electronics 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.