D. E. Shaw & Co. Inc. Increases Stake in Benchmark Electronics, Inc. (NYSE:BHE)

D. E. Shaw & Co. Inc. boosted its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 64.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 584,554 shares of the technology company’s stock after acquiring an additional 228,679 shares during the period. D. E. Shaw & Co. Inc. owned 1.34% of Benchmark Electronics worth $12,381,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors LLC lifted its position in Benchmark Electronics by 10.2% during the 3rd quarter. Teachers Advisors LLC now owns 218,776 shares of the technology company’s stock worth $5,119,000 after acquiring an additional 20,266 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Benchmark Electronics by 0.9% during the third quarter. Vanguard Group Inc. now owns 4,826,865 shares of the technology company’s stock valued at $112,949,000 after buying an additional 43,137 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Benchmark Electronics during the third quarter valued at about $440,000. Investors Research Corp raised its position in shares of Benchmark Electronics by 2.5% during the fourth quarter. Investors Research Corp now owns 16,400 shares of the technology company’s stock valued at $347,000 after buying an additional 400 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Benchmark Electronics by 17.4% during the third quarter. Royce & Associates LP now owns 1,568,757 shares of the technology company’s stock valued at $36,709,000 after buying an additional 232,189 shares during the last quarter. 99.53% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. TheStreet raised shares of Benchmark Electronics from a “c” rating to a “b” rating in a research report on Friday, February 8th. Sidoti assumed coverage on shares of Benchmark Electronics in a research report on Friday, January 18th. They set a “buy” rating and a $34.00 price objective for the company.

Shares of BHE traded down $0.07 during trading hours on Monday, reaching $29.31. 318,800 shares of the company traded hands, compared to its average volume of 407,540. The firm has a market capitalization of $1.18 billion, a P/E ratio of 20.21 and a beta of 0.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.04 and a current ratio of 2.61. Benchmark Electronics, Inc. has a 1-year low of $20.01 and a 1-year high of $31.50.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Thursday, February 7th. The technology company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The business had revenue of $657.00 million during the quarter, compared to analyst estimates of $632.27 million. Benchmark Electronics had a net margin of 0.89% and a return on equity of 5.60%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Friday, March 29th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.05%. Benchmark Electronics’s payout ratio is currently 41.38%.

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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.

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

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