Oregon Public Employees Retirement Fund Lowers Holdings in Benchmark Electronics, Inc. (NYSE:BHE)

Oregon Public Employees Retirement Fund trimmed its position in Benchmark Electronics, Inc. (NYSE:BHE) by 9.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 15,282 shares of the technology company’s stock after selling 1,647 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Benchmark Electronics were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of BHE. NumerixS Investment Technologies Inc purchased a new position in Benchmark Electronics in the 1st quarter valued at $178,000. Stephens Inc. AR purchased a new stake in shares of Benchmark Electronics during the 1st quarter worth $201,000. Everence Capital Management Inc. purchased a new stake in shares of Benchmark Electronics during the 1st quarter worth $211,000. BNP Paribas Arbitrage SA boosted its position in shares of Benchmark Electronics by 57.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,167 shares of the technology company’s stock worth $267,000 after purchasing an additional 3,716 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Benchmark Electronics during the 4th quarter worth $268,000. Hedge funds and other institutional investors own 97.51% of the company’s stock.

Several equities research analysts have commented on the stock. TheStreet lowered shares of Benchmark Electronics from a “b-” rating to a “c” rating in a research report on Monday, May 20th. Needham & Company LLC restated a “hold” rating on shares of Benchmark Electronics in a research report on Tuesday, April 30th.

Shares of NYSE BHE opened at $26.35 on Friday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 18.17 and a beta of 0.88. Benchmark Electronics, Inc. has a one year low of $20.01 and a one year high of $30.23. The stock’s fifty day moving average is $25.48. The company has a quick ratio of 1.93, a current ratio of 2.58 and a debt-to-equity ratio of 0.21.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, July 24th. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $601.60 million for the quarter, compared to analyst estimates of $569.45 million. Benchmark Electronics had a net margin of 2.35% and a return on equity of 5.43%. The business’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS.

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.60 annualized dividend and a dividend yield of 2.28%. Benchmark Electronics’s payout ratio is currently 41.38%.

In other Benchmark Electronics news, Director Robert K. Gifford sold 3,054 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $26.75, for a total transaction of $81,694.50. Following the sale, the director now directly owns 19,143 shares in the company, valued at approximately $512,075.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Benchmark Electronics Company Profile

Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced 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 automation equipment design and build services.

Further Reading: What does it mean to hold a stock in street name?

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

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