Benchmark Electronics, Inc. (NYSE:BHE) Shares Sold by Smith Graham & Co. Investment Advisors LP

Smith Graham & Co. Investment Advisors LP lowered its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 332,285 shares of the technology company’s stock after selling 800 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Benchmark Electronics were worth $8,347,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Comerica Bank raised its position in Benchmark Electronics by 1.1% in the first quarter. Comerica Bank now owns 43,128 shares of the technology company’s stock valued at $1,241,000 after purchasing an additional 470 shares during the period. Public Employees Retirement System of Ohio raised its position in Benchmark Electronics by 1.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 45,742 shares of the technology company’s stock valued at $969,000 after purchasing an additional 576 shares during the period. BNP Paribas Arbitrage SA raised its position in Benchmark Electronics by 57.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,167 shares of the technology company’s stock valued at $267,000 after purchasing an additional 3,716 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Benchmark Electronics in the first quarter valued at $178,000. Finally, Stephens Inc. AR purchased a new stake in Benchmark Electronics in the first quarter valued at $201,000. 97.51% of the stock is currently owned by institutional investors.

Shares of BHE stock traded down $0.43 on Friday, hitting $26.35. The stock had a trading volume of 173,532 shares, compared to its average volume of 258,740. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.93. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.17 and a beta of 0.88. Benchmark Electronics, Inc. has a 1 year low of $20.01 and a 1 year high of $30.23. The firm has a 50 day moving average of $25.48.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $601.60 million for the quarter, compared to the consensus estimate of $569.45 million. Benchmark Electronics had a return on equity of 5.43% and a net margin of 2.35%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a $0.15 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.60 annualized dividend and a dividend yield of 2.28%. Benchmark Electronics’s dividend payout ratio is presently 41.38%.

BHE has been the topic of several research analyst reports. TheStreet downgraded Benchmark Electronics from a “b-” rating to a “c” rating in a report on Monday, May 20th. Needham & Company LLC reiterated a “hold” rating on shares of Benchmark Electronics in a report on Tuesday, April 30th.

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

Benchmark Electronics 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: Certificate of Deposit (CD)

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

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