First National Bank of Omaha lowered its stake in Benchmark Electronics, Inc. (NYSE:BHE – Get Rating) by 26.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,351 shares of the technology company's stock after selling 11,887 shares during the quarter. First National Bank of Omaha owned about 0.09% of Benchmark Electronics worth $835,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Dean Capital Management increased its holdings in shares of Benchmark Electronics by 14.3% in the 1st quarter. Dean Capital Management now owns 56,476 shares of the technology company's stock worth $1,414,000 after buying an additional 7,077 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Benchmark Electronics in the 1st quarter worth about $238,000. Guggenheim Capital LLC increased its holdings in shares of Benchmark Electronics by 43.8% in the 1st quarter. Guggenheim Capital LLC now owns 15,959 shares of the technology company's stock worth $400,000 after buying an additional 4,864 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of Benchmark Electronics by 70.4% in the 1st quarter. Captrust Financial Advisors now owns 4,817 shares of the technology company's stock worth $121,000 after buying an additional 1,990 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Benchmark Electronics by 3.4% in the 1st quarter. State Street Corp now owns 1,398,344 shares of the technology company's stock worth $35,240,000 after buying an additional 46,500 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company's stock.
Get Benchmark Electronics alerts:Benchmark Electronics Stock Down 1.1 %
BHE stock opened at $25.89 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.19 and a current ratio of 2.04. The firm has a market cap of $910.29 million, a PE ratio of 18.76 and a beta of 0.96. Benchmark Electronics, Inc. has a one year low of $21.11 and a one year high of $29.11. The firm's fifty day moving average is $25.91 and its 200 day moving average is $24.95.
Benchmark Electronics Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Thursday, September 29th. Benchmark Electronics's dividend payout ratio is presently 47.83%.Analysts Set New Price Targets
BHE has been the topic of a number of research reports. Fox Advisors initiated coverage on shares of Benchmark Electronics in a report on Wednesday, August 24th. They issued an "overweight" rating and a $35.00 target price on the stock. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $32.00 to $34.00 and gave the company a "buy" rating in a report on Thursday, August 4th.
Benchmark Electronics Profile
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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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