Sensato Investors LLC cut its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 21.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 145,747 shares of the technology company’s stock after selling 40,420 shares during the quarter. Sensato Investors LLC’s holdings in Benchmark Electronics were worth $4,241,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in BHE. Rhumbline Advisers increased its stake in shares of Benchmark Electronics by 1.7% in the 3rd quarter. Rhumbline Advisers now owns 105,938 shares of the technology company’s stock valued at $3,618,000 after acquiring an additional 1,750 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its stake in shares of Benchmark Electronics by 7.1% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 31,041 shares of the technology company’s stock valued at $903,000 after acquiring an additional 2,066 shares during the last quarter. American International Group Inc. increased its stake in shares of Benchmark Electronics by 5.8% in the 3rd quarter. American International Group Inc. now owns 39,597 shares of the technology company’s stock valued at $1,352,000 after acquiring an additional 2,178 shares during the last quarter. Bank of Montreal Can increased its stake in Benchmark Electronics by 2.4% during the 4th quarter. Bank of Montreal Can now owns 101,358 shares of the technology company’s stock worth $2,950,000 after purchasing an additional 2,332 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Benchmark Electronics by 3.7% during the 4th quarter. First Trust Advisors LP now owns 69,932 shares of the technology company’s stock worth $2,035,000 after purchasing an additional 2,512 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.
Shares of Benchmark Electronics, Inc. (NYSE BHE) opened at $31.80 on Wednesday. Benchmark Electronics, Inc. has a 52 week low of $27.05 and a 52 week high of $35.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.55 and a current ratio of 3.38. The stock has a market capitalization of $1,566.63, a P/E ratio of -48.18 and a beta of 0.39.
Benchmark Electronics (NYSE:BHE) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. Benchmark Electronics had a positive return on equity of 5.83% and a negative net margin of 1.30%. The business had revenue of $679.86 million during the quarter.
Benchmark Electronics announced that its board has initiated a share repurchase program on Wednesday, March 7th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the technology company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.89%.
Separately, TheStreet cut Benchmark Electronics from a “b-” rating to a “c” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.67.
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Benchmark Electronics Company Profile
Benchmark Electronics, Inc is a provider of electronic manufacturing services. The Company operates through three segments: the Americas, Asia and Europe. It provides services to original equipment manufacturers of industrial control equipment, including equipment for the aerospace and defense industry; telecommunication equipment; computers and related products for business enterprises; medical devices, and testing and instrumentation products.
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