Victory Capital Management Inc. Has $1.05 Million Stock Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Victory Capital Management Inc. trimmed its position in Benchmark Electronics, Inc. (NYSE:BHEFree Report) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,234 shares of the technology company’s stock after selling 3,181 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of Benchmark Electronics worth $1,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC raised its stake in Benchmark Electronics by 25.8% in the first quarter. Lazard Asset Management LLC now owns 2,568 shares of the technology company’s stock valued at $64,000 after purchasing an additional 526 shares in the last quarter. Inspire Investing LLC raised its stake in Benchmark Electronics by 5.3% in the second quarter. Inspire Investing LLC now owns 12,162 shares of the technology company’s stock valued at $314,000 after purchasing an additional 617 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in Benchmark Electronics by 5.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 11,914 shares of the technology company’s stock valued at $307,000 after purchasing an additional 617 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in Benchmark Electronics by 14.4% in the first quarter. Advisor Group Holdings Inc. now owns 5,578 shares of the technology company’s stock valued at $140,000 after purchasing an additional 702 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Benchmark Electronics by 4.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,810 shares of the technology company’s stock valued at $384,000 after purchasing an additional 739 shares in the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

Benchmark Electronics Stock Up 1.9 %

Shares of NYSE BHE opened at $30.71 on Tuesday. Benchmark Electronics, Inc. has a one year low of $20.58 and a one year high of $31.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.29 and a quick ratio of 1.33. The firm’s 50 day simple moving average is $27.30 and its two-hundred day simple moving average is $25.66. The stock has a market capitalization of $1.10 billion, a P/E ratio of 17.09 and a beta of 1.01.

Benchmark Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Thursday, December 28th. Benchmark Electronics’s payout ratio is currently 36.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Benchmark Electronics from $30.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. StockNews.com cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Friday.

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About Benchmark Electronics

(Free Report)

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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Institutional Ownership by Quarter for Benchmark Electronics (NYSE:BHE)

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