Dynamic Technology Lab Private Ltd Has $798,000 Stock Position in Benchmark Electronics, Inc. (NYSE:BHE)

Dynamic Technology Lab Private Ltd boosted its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 46.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,997 shares of the technology company’s stock after acquiring an additional 5,728 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Benchmark Electronics were worth $798,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. increased its position in shares of Benchmark Electronics by 65.7% during the second quarter. UMB Bank n.a. now owns 686 shares of the technology company’s stock worth $27,000 after buying an additional 272 shares during the period. Quest Partners LLC bought a new stake in Benchmark Electronics during the second quarter valued at $41,000. CWM LLC grew its holdings in Benchmark Electronics by 81.9% during the 2nd quarter. CWM LLC now owns 1,106 shares of the technology company’s stock worth $44,000 after acquiring an additional 498 shares during the period. Quarry LP raised its position in shares of Benchmark Electronics by 172.5% in the 2nd quarter. Quarry LP now owns 1,379 shares of the technology company’s stock worth $54,000 after acquiring an additional 873 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Benchmark Electronics in the 2nd quarter valued at about $61,000. Institutional investors and hedge funds own 92.29% of the company’s stock.

Insiders Place Their Bets

In other Benchmark Electronics news, CEO Jeff Benck sold 24,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $45.90, for a total transaction of $1,101,600.00. Following the transaction, the chief executive officer now directly owns 424,173 shares in the company, valued at approximately $19,469,540.70. This trade represents a 5.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Rhonda R. Turner sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $46.98, for a total transaction of $281,880.00. Following the completion of the sale, the senior vice president now owns 47,991 shares of the company’s stock, valued at approximately $2,254,617.18. The trade was a 11.11 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Lake Street Capital lifted their target price on Benchmark Electronics from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Needham & Company LLC increased their target price on shares of Benchmark Electronics from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $42.33.

Benchmark Electronics Price Performance

Shares of NYSE:BHE opened at $48.02 on Thursday. Benchmark Electronics, Inc. has a twelve month low of $24.75 and a twelve month high of $52.57. The stock’s 50 day moving average is $45.55 and its 200-day moving average is $42.77. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 27.92 and a beta of 0.97.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Wednesday, October 30th. The technology company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $650.00 million. Benchmark Electronics had a net margin of 2.32% and a return on equity of 6.81%. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share.

Benchmark Electronics Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Monday, September 30th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, September 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. This is an increase from Benchmark Electronics’s previous quarterly dividend of $0.17. Benchmark Electronics’s payout ratio is 39.53%.

About Benchmark Electronics

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.