Principal Financial Group Inc. cut its position in Benchmark Electronics, Inc. (NYSE:BHE – Free Report) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 216,054 shares of the technology company’s stock after selling 2,893 shares during the period. Principal Financial Group Inc. owned approximately 0.61% of Benchmark Electronics worth $5,118,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of BHE. Millennium Management LLC raised its holdings in Benchmark Electronics by 113.9% in the fourth quarter. Millennium Management LLC now owns 834,063 shares of the technology company’s stock worth $22,261,000 after buying an additional 444,075 shares during the last quarter. Norges Bank purchased a new position in Benchmark Electronics in the fourth quarter worth about $7,897,000. BlackRock Inc. raised its holdings in Benchmark Electronics by 3.7% in the first quarter. BlackRock Inc. now owns 6,052,712 shares of the technology company’s stock worth $151,562,000 after buying an additional 216,934 shares during the last quarter. Vanguard Group Inc. raised its holdings in Benchmark Electronics by 5.6% in the first quarter. Vanguard Group Inc. now owns 4,066,880 shares of the technology company’s stock worth $101,834,000 after buying an additional 215,272 shares during the last quarter. Finally, Boston Partners purchased a new position in Benchmark Electronics in the first quarter worth about $2,622,000. 92.29% of the stock is owned by hedge funds and other institutional investors.
Benchmark Electronics Stock Performance
Shares of BHE stock opened at $26.06 on Friday. The company has a 50 day moving average price of $25.93 and a 200-day moving average price of $24.16. Benchmark Electronics, Inc. has a 52 week low of $20.58 and a 52 week high of $30.00. The firm has a market capitalization of $929.59 million, a PE ratio of 13.94 and a beta of 1.09. The company has a quick ratio of 1.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.40.
Benchmark Electronics Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 13th. Investors of record on Friday, June 30th were given a dividend of $0.165 per share. The ex-dividend date was Thursday, June 29th. This represents a $0.66 annualized dividend and a yield of 2.53%. Benchmark Electronics’s dividend payout ratio (DPR) is 35.29%.
Analyst Ratings Changes
A number of analysts have recently commented on BHE shares. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target on shares of Benchmark Electronics in a research note on Tuesday, August 1st. StockNews.com started coverage on shares of Benchmark Electronics in a research note on Thursday, August 17th. They issued a “hold” rating for the company.
Read Our Latest Analysis on BHE
About Benchmark Electronics
Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers 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.
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