Parkside Financial Bank & Trust Purchases New Position in Benchmark Electronics, Inc. (NYSE:BHE)

Parkside Financial Bank & Trust purchased a new stake in Benchmark Electronics, Inc. (NYSE:BHE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,098 shares of the technology company’s stock, valued at approximately $50,000.

Other large investors have also recently added to or reduced their stakes in the company. KBC Group NV raised its holdings in shares of Benchmark Electronics by 125.3% in the third quarter. KBC Group NV now owns 1,534 shares of the technology company’s stock valued at $68,000 after buying an additional 853 shares during the last quarter. GAMMA Investing LLC increased its position in Benchmark Electronics by 12.9% in the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock valued at $116,000 after acquiring an additional 292 shares in the last quarter. Glenmede Trust Co. NA acquired a new stake in Benchmark Electronics in the 3rd quarter valued at about $238,000. Highland Capital Management LLC raised its stake in shares of Benchmark Electronics by 6.4% in the fourth quarter. Highland Capital Management LLC now owns 5,620 shares of the technology company’s stock worth $255,000 after acquiring an additional 337 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its position in shares of Benchmark Electronics by 5.7% during the fourth quarter. Heritage Family Offices LLP now owns 6,162 shares of the technology company’s stock worth $280,000 after purchasing an additional 334 shares in the last quarter. 92.29% of the stock is owned by institutional investors.

Benchmark Electronics Trading Down 5.9 %

BHE opened at $37.61 on Tuesday. The firm has a 50 day simple moving average of $44.05 and a 200 day simple moving average of $44.69. Benchmark Electronics, Inc. has a fifty-two week low of $27.44 and a fifty-two week high of $52.57. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 21.74 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, January 29th. The technology company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.01). Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%.

Benchmark Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, December 31st. Benchmark Electronics’s dividend payout ratio (DPR) is currently 39.31%.

Insiders Place Their Bets

In other Benchmark Electronics news, CEO Jeff Benck sold 6,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $45.31, for a total value of $271,860.00. Following the sale, the chief executive officer now directly owns 418,173 shares in the company, valued at approximately $18,947,418.63. This trade represents a 1.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Needham & Company LLC boosted their price objective on shares of Benchmark Electronics from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. StockNews.com raised Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.00.

About Benchmark Electronics

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.