Teacher Retirement System of Texas purchased a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,318 shares of the technology company’s stock, valued at approximately $504,000.
A number of other institutional investors have also made changes to their positions in the business. Heartland Advisors Inc. lifted its holdings in Benchmark Electronics by 17.0% during the 4th quarter. Heartland Advisors Inc. now owns 352,711 shares of the technology company’s stock valued at $10,264,000 after purchasing an additional 51,285 shares during the last quarter. Alambic Investment Management L.P. lifted its holdings in shares of Benchmark Electronics by 32.7% during the fourth quarter. Alambic Investment Management L.P. now owns 15,000 shares of the technology company’s stock worth $437,000 after buying an additional 3,700 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Benchmark Electronics by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 834,727 shares of the technology company’s stock worth $24,290,000 after buying an additional 22,759 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Benchmark Electronics during the fourth quarter worth $3,139,000. Finally, Bowling Portfolio Management LLC lifted its holdings in shares of Benchmark Electronics by 218.4% during the fourth quarter. Bowling Portfolio Management LLC now owns 31,868 shares of the technology company’s stock worth $927,000 after buying an additional 21,859 shares in the last quarter. 97.99% of the stock is owned by institutional investors and hedge funds.
Benchmark Electronics stock traded down $0.20 on Thursday, hitting $31.45. The stock had a trading volume of 118,812 shares, compared to its average volume of 408,882. The company has a quick ratio of 2.55, a current ratio of 3.38 and a debt-to-equity ratio of 0.15. Benchmark Electronics, Inc. has a 12 month low of $27.05 and a 12 month high of $35.80. The firm has a market capitalization of $1,544.71, a P/E ratio of -47.95 and a beta of 0.39.
Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $679.86 million for the quarter.
Benchmark Electronics declared that its Board of Directors has approved a share buyback program on Wednesday, March 7th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Investors of record on Thursday, March 29th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Wednesday, March 28th.
Separately, TheStreet raised Benchmark Electronics from a “c+” rating to a “b-” rating in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Benchmark Electronics has an average rating of “Hold” and an average target price of $36.67.
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.
Receive News & Ratings for Benchmark Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Benchmark Electronics and related companies with MarketBeat.com's FREE daily email newsletter.