Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,163 shares of the technology company’s stock after selling 2,336 shares during the period. XTX Topco Ltd’s holdings in Benchmark Electronics were worth $677,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BHE. Norges Bank purchased a new stake in shares of Benchmark Electronics during the 4th quarter worth approximately $7,012,000. Trexquant Investment LP acquired a new stake in Benchmark Electronics in the fourth quarter valued at $380,000. Parallel Advisors LLC increased its position in shares of Benchmark Electronics by 97.9% in the fourth quarter. Parallel Advisors LLC now owns 1,144 shares of the technology company’s stock valued at $32,000 after buying an additional 566 shares in the last quarter. Allianz Asset Management GmbH increased its position in shares of Benchmark Electronics by 8.1% in the fourth quarter. Allianz Asset Management GmbH now owns 179,675 shares of the technology company’s stock valued at $4,966,000 after buying an additional 13,525 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Benchmark Electronics by 36.9% during the 4th quarter. First Trust Advisors LP now owns 902,475 shares of the technology company’s stock worth $24,944,000 after buying an additional 243,480 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Insider Buying and Selling

In other Benchmark Electronics news, Director Jeffrey Stephen Mccreary sold 7,073 shares of Benchmark Electronics stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.70, for a total value of $302,017.10. Following the completion of the sale, the director now owns 42,027 shares in the company, valued at approximately $1,794,552.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BHE. Needham & Company LLC raised their target price on shares of Benchmark Electronics from $40.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Lake Street Capital upped their target price on Benchmark Electronics from $35.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Benchmark Electronics presently has a consensus rating of “Hold” and an average price target of $41.33.

Benchmark Electronics Price Performance

NYSE:BHE opened at $43.98 on Monday. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 24.03 and a beta of 0.98. Benchmark Electronics, Inc. has a 12-month low of $22.66 and a 12-month high of $48.58. The company has a current ratio of 2.35, a quick ratio of 1.42 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average is $41.85 and its two-hundred day moving average is $37.99.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $666.00 million for the quarter, compared to the consensus estimate of $635.75 million. Benchmark Electronics had a net margin of 2.45% and a return on equity of 7.17%. The company’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 earnings per share.

Benchmark Electronics Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Monday, September 30th will be paid a $0.17 dividend. This is a positive change from Benchmark Electronics’s previous quarterly dividend of $0.17. This represents a $0.68 annualized dividend and a yield of 1.55%. The ex-dividend date is Monday, September 30th. Benchmark Electronics’s dividend payout ratio is presently 37.16%.

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.