New Age Alpha Advisors LLC Buys Shares of 1,465 Benchmark Electronics, Inc. (NYSE:BHE)

New Age Alpha Advisors LLC bought a new stake in Benchmark Electronics, Inc. (NYSE:BHE) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,465 shares of the technology company’s stock, valued at approximately $56,000.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its holdings in Benchmark Electronics by 197.5% in the 1st quarter. Versant Capital Management Inc now owns 2,475 shares of the technology company’s stock valued at $94,000 after buying an additional 1,643 shares in the last quarter. State of Wyoming grew its holdings in Benchmark Electronics by 213.4% in the 4th quarter. State of Wyoming now owns 3,563 shares of the technology company’s stock valued at $162,000 after buying an additional 2,426 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Benchmark Electronics by 94.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company’s stock valued at $213,000 after buying an additional 2,278 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Benchmark Electronics by 10.7% during the 4th quarter. Bank of Montreal Can now owns 5,100 shares of the technology company’s stock worth $232,000 after purchasing an additional 495 shares during the period. Finally, Bayesian Capital Management LP purchased a new position in shares of Benchmark Electronics during the 4th quarter worth $252,000. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Benchmark Electronics Trading Down 1.4%

Shares of BHE stock opened at $37.90 on Tuesday. The business’s 50 day moving average is $38.84 and its two-hundred day moving average is $38.44. Benchmark Electronics, Inc. has a twelve month low of $30.73 and a twelve month high of $52.57. The company has a market capitalization of $1.36 billion, a P/E ratio of 36.09 and a beta of 0.99. The company has a current ratio of 2.36, a quick ratio of 1.46 and a debt-to-equity ratio of 0.18.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $642.34 million during the quarter, compared to analysts’ expectations of $638.67 million. Benchmark Electronics had a return on equity of 6.08% and a net margin of 1.48%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS.

Benchmark Electronics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 30th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.68 annualized dividend and a yield of 1.8%. Benchmark Electronics’s dividend payout ratio (DPR) is presently 64.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BHE shares. Needham & Company LLC lowered their price target on Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating for the company in a report on Friday, August 1st. Wall Street Zen cut Benchmark Electronics from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Lake Street Capital lowered their price target on Benchmark Electronics from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, April 30th.

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.