Benchmark Electronics, Inc. (NYSE:BHE) to Issue Quarterly Dividend of $0.17

Benchmark Electronics, Inc. (NYSE:BHE) announced a quarterly dividend on Monday, June 9th, RTT News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.17 per share by the technology company on Friday, July 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, June 30th.

Benchmark Electronics has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings.

Benchmark Electronics Trading Up 0.2%

NYSE BHE opened at $38.33 on Wednesday. The business’s fifty day moving average is $36.03 and its 200-day moving average is $41.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.46. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 22.15 and a beta of 0.95. Benchmark Electronics has a one year low of $30.73 and a one year high of $52.57.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Tuesday, April 29th. The technology company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $631.76 million for the quarter, compared to analyst estimates of $640.00 million. Benchmark Electronics had a net margin of 2.38% and a return on equity of 6.68%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share.

Analysts Set New Price Targets

BHE has been the topic of a number of research reports. Lake Street Capital lowered their price target on shares of Benchmark Electronics from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC lowered their target price on Benchmark Electronics from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, April 30th. Finally, Wall Street Zen cut Benchmark Electronics from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd.

Hedge Funds Weigh In On Benchmark Electronics

Several large investors have recently modified their holdings of BHE. Jane Street Group LLC boosted its holdings in Benchmark Electronics by 99.8% in the 1st quarter. Jane Street Group LLC now owns 107,802 shares of the technology company’s stock worth $4,100,000 after buying an additional 53,840 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Benchmark Electronics by 12.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,673 shares of the technology company’s stock valued at $3,981,000 after acquiring an additional 11,369 shares during the period. Caxton Associates LLP purchased a new stake in shares of Benchmark Electronics during the first quarter worth $202,000. Royal Bank of Canada boosted its holdings in shares of Benchmark Electronics by 30.2% in the first quarter. Royal Bank of Canada now owns 14,420 shares of the technology company’s stock worth $548,000 after acquiring an additional 3,341 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Benchmark Electronics by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,239 shares of the technology company’s stock worth $808,000 after acquiring an additional 931 shares during the period. Hedge funds and other institutional investors own 92.29% of the company’s stock.

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.