Benchmark Electronics (NYSE:BHE – Free Report) had its price target lifted by Needham & Company LLC from $30.00 to $31.00 in a report published on Thursday, Benzinga reports. Needham & Company LLC currently has a buy rating on the technology company’s stock.
Separately, StockNews.com assumed coverage on Benchmark Electronics in a research report on Thursday, October 5th. They set a hold rating on the stock.
Benchmark Electronics Stock Performance
Benchmark Electronics Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.66 annualized dividend and a dividend yield of 2.18%. Benchmark Electronics’s payout ratio is 36.67%.
Institutional Investors Weigh In On Benchmark Electronics
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in shares of Benchmark Electronics by 135.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,596 shares of the technology company’s stock valued at $39,000 after purchasing an additional 917 shares during the period. Signaturefd LLC grew its position in Benchmark Electronics by 121.0% during the fourth quarter. Signaturefd LLC now owns 1,766 shares of the technology company’s stock valued at $49,000 after buying an additional 967 shares during the period. Lazard Asset Management LLC increased its holdings in Benchmark Electronics by 25.8% during the first quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock valued at $64,000 after buying an additional 526 shares during the last quarter. State of Wyoming raised its position in Benchmark Electronics by 66.6% in the fourth quarter. State of Wyoming now owns 3,138 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,254 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Benchmark Electronics by 70.4% during the 1st quarter. Captrust Financial Advisors now owns 4,817 shares of the technology company’s stock worth $121,000 after acquiring an additional 1,990 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.
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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