Jeffrey Stephen Mccreary Sells 10,000 Shares of Benchmark Electronics, Inc. (NYSE:BHE) Stock

Benchmark Electronics, Inc. (NYSE:BHE) Director Jeffrey Stephen Mccreary sold 10,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $39.49, for a total value of $394,900.00. Following the completion of the transaction, the director now directly owns 45,062 shares in the company, valued at $1,779,498.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Benchmark Electronics Price Performance

Shares of NYSE BHE traded up $0.90 during mid-day trading on Wednesday, reaching $40.04. 382,062 shares of the company traded hands, compared to its average volume of 305,672. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.36 and a quick ratio of 1.41. The firm has a market cap of $1.44 billion, a PE ratio of 21.58 and a beta of 1.00. The stock has a fifty day simple moving average of $30.62 and a 200-day simple moving average of $28.12. Benchmark Electronics, Inc. has a fifty-two week low of $20.58 and a fifty-two week high of $40.04.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.66 annualized dividend and a yield of 1.65%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 36.07%.

Institutional Trading of Benchmark Electronics

A number of hedge funds have recently made changes to their positions in the stock. Advisors Preferred LLC bought a new position in Benchmark Electronics during the first quarter valued at approximately $2,883,000. ProShare Advisors LLC acquired a new stake in shares of Benchmark Electronics in the 1st quarter valued at $214,000. Sei Investments Co. boosted its holdings in Benchmark Electronics by 6.9% in the first quarter. Sei Investments Co. now owns 108,492 shares of the technology company’s stock worth $3,256,000 after purchasing an additional 6,976 shares in the last quarter. SG Americas Securities LLC bought a new stake in Benchmark Electronics in the first quarter worth $136,000. Finally, Empowered Funds LLC increased its position in Benchmark Electronics by 61.4% during the first quarter. Empowered Funds LLC now owns 75,682 shares of the technology company’s stock worth $2,271,000 after buying an additional 28,784 shares during the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BHE has been the subject of several recent research reports. StockNews.com raised shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Needham & Company LLC raised their price target on shares of Benchmark Electronics from $31.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Sidoti lowered shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research note on Monday, April 29th.

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.