Wellington Management Group LLP Purchases 8,000 Shares of Benchmark Electronics, Inc. (NYSE:BHE)

Wellington Management Group LLP lifted its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 436,181 shares of the technology company’s stock after acquiring an additional 8,000 shares during the quarter. Wellington Management Group LLP’s holdings in Benchmark Electronics were worth $19,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust acquired a new stake in shares of Benchmark Electronics during the fourth quarter valued at about $50,000. KBC Group NV raised its holdings in Benchmark Electronics by 40.2% in the 4th quarter. KBC Group NV now owns 2,151 shares of the technology company’s stock valued at $98,000 after buying an additional 617 shares during the last quarter. GAMMA Investing LLC boosted its position in Benchmark Electronics by 12.9% during the 4th quarter. GAMMA Investing LLC now owns 2,547 shares of the technology company’s stock worth $116,000 after buying an additional 292 shares during the period. Summit Global Investments acquired a new stake in Benchmark Electronics during the 4th quarter worth approximately $242,000. Finally, Highland Capital Management LLC grew its holdings in Benchmark Electronics by 6.4% during the 4th 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. Institutional investors own 92.29% of the company’s stock.

Insider Activity at Benchmark Electronics

In related news, CEO Jeff Benck sold 6,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $45.31, for a total transaction of $271,860.00. Following the transaction, the chief executive officer now owns 418,173 shares in the company, valued at $18,947,418.63. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by corporate insiders.

Benchmark Electronics Stock Performance

NYSE:BHE opened at $33.36 on Tuesday. The company has a market capitalization of $1.20 billion, a PE ratio of 19.28 and a beta of 0.83. Benchmark Electronics, Inc. has a fifty-two week low of $28.64 and a fifty-two week high of $52.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.46 and a current ratio of 2.32. The company has a 50 day simple moving average of $40.06 and a two-hundred day simple moving average of $44.12.

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

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Monday, March 31st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Monday, March 31st. Benchmark Electronics’s dividend payout ratio is 39.31%.

Analyst Upgrades and Downgrades

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

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.