Benchmark Electronics, Inc. (NYSE:BHE – Get Free Report) CFO Arvind Kamal sold 783 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $38.38, for a total value of $30,051.54. Following the transaction, the chief financial officer now owns 20,735 shares of the company’s stock, valued at approximately $795,809.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Benchmark Electronics Trading Up 2.3 %
Shares of NYSE:BHE traded up $0.90 during trading on Wednesday, reaching $40.04. The company’s stock had a trading volume of 382,062 shares, compared to its average volume of 305,672. The company has a current ratio of 2.36, a quick ratio of 1.41 and a debt-to-equity ratio of 0.29. Benchmark Electronics, Inc. has a 12 month low of $20.58 and a 12 month high of $40.04. The firm’s 50 day simple moving average is $30.62 and its two-hundred day simple moving average is $28.12. The stock has a market capitalization of $1.44 billion, a PE ratio of 21.58 and a beta of 1.00.
Benchmark Electronics Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, March 27th. Benchmark Electronics’s payout ratio is 36.07%.
Institutional Trading of Benchmark Electronics
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on BHE shares. StockNews.com upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Sidoti downgraded shares of Benchmark Electronics from a “buy” rating to a “neutral” rating and set a $33.00 price target for the company. in a report on Monday, April 29th. Finally, Needham & Company LLC increased their price target on shares of Benchmark Electronics from $31.00 to $40.00 and gave the company a “buy” rating in a report on Monday.
Get Our Latest Stock Report on BHE
Benchmark Electronics Company Profile
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.
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