Wells Fargo & Company MN increased its position in Benchmark Electronics, Inc. (NYSE:BHE) by 158.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,336 shares of the technology company’s stock after buying an additional 136,831 shares during the period. Wells Fargo & Company MN’s holdings in Benchmark Electronics were worth $6,667,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP grew its stake in shares of Benchmark Electronics by 3.7% in the 4th quarter. First Trust Advisors LP now owns 69,932 shares of the technology company’s stock valued at $2,035,000 after buying an additional 2,512 shares during the period. HBK Investments L P lifted its position in Benchmark Electronics by 5.8% in the 4th quarter. HBK Investments L P now owns 53,900 shares of the technology company’s stock valued at $1,568,000 after acquiring an additional 2,967 shares in the last quarter. Teachers Advisors LLC lifted its position in Benchmark Electronics by 2.5% in the 4th quarter. Teachers Advisors LLC now owns 127,910 shares of the technology company’s stock valued at $3,722,000 after acquiring an additional 3,123 shares in the last quarter. OppenheimerFunds Inc. lifted its position in Benchmark Electronics by 8.3% in the 4th quarter. OppenheimerFunds Inc. now owns 54,721 shares of the technology company’s stock valued at $1,592,000 after acquiring an additional 4,212 shares in the last quarter. Finally, Vident Investment Advisory LLC lifted its position in Benchmark Electronics by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 77,238 shares of the technology company’s stock valued at $2,248,000 after acquiring an additional 4,719 shares in the last quarter. Institutional investors own 95.57% of the company’s stock.
Shares of NYSE BHE opened at $30.00 on Wednesday. Benchmark Electronics, Inc. has a fifty-two week low of $25.75 and a fifty-two week high of $35.80. The stock has a market capitalization of $1.39 billion, a P/E ratio of 17.58 and a beta of 0.39. The company has a current ratio of 3.23, a quick ratio of 2.60 and a debt-to-equity ratio of 0.22.
Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Benchmark Electronics had a negative net margin of 2.60% and a positive return on equity of 6.17%. The business had revenue of $608.00 million for the quarter, compared to analysts’ expectations of $593.70 million. During the same quarter last year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.
Benchmark Electronics declared that its Board of Directors has authorized a stock buyback plan on Wednesday, March 7th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the technology company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 12th. Investors of record on Friday, June 29th will be given a $0.15 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.60 annualized dividend and a yield of 2.00%. Benchmark Electronics’s payout ratio is 37.27%.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc, together with its subsidiaries, provides engineering services, integrated 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 automation equipment design and build services.
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