Benchmark Electronics, Inc. (NYSE:BHE) Short Interest Update

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Benchmark Electronics, Inc. (NYSE:BHE) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 892,600 shares, an increase of 6.3% from the May 15th total of 840,000 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 304,800 shares, the short-interest ratio is presently 2.9 days.

Benchmark Electronics stock opened at $25.04 on Friday. Benchmark Electronics has a 12 month low of $20.01 and a 12 month high of $30.23. The company has a 50 day moving average price of $23.90. The company has a quick ratio of 2.00, a current ratio of 2.65 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $965.72 million, a P/E ratio of 18.28 and a beta of 0.89.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.33. The business had revenue of $603.00 million for the quarter, compared to the consensus estimate of $597.30 million. Benchmark Electronics had a return on equity of 5.24% and a net margin of 2.35%. The firm’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, June 27th. Benchmark Electronics’s dividend payout ratio is currently 41.38%.

BHE has been the topic of several analyst reports. Needham & Company LLC upped their target price on Ceridian HCM to $60.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. TheStreet downgraded Tribune Publishing from a “c-” rating to a “d+” rating in a research report on Monday, May 20th.

A number of large investors have recently modified their holdings of the stock. Advisor Group Inc. increased its holdings in Benchmark Electronics by 41.5% in the fourth quarter. Advisor Group Inc. now owns 4,620 shares of the technology company’s stock valued at $98,000 after purchasing an additional 1,355 shares during the period. NumerixS Investment Technologies Inc acquired a new stake in Benchmark Electronics in the first quarter valued at $178,000. Stephens Inc. AR acquired a new stake in Benchmark Electronics in the first quarter valued at $201,000. Everence Capital Management Inc. acquired a new stake in Benchmark Electronics in the first quarter valued at $211,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Benchmark Electronics by 57.6% in the first quarter. BNP Paribas Arbitrage SA now owns 10,167 shares of the technology company’s stock valued at $267,000 after purchasing an additional 3,716 shares during the period. 97.37% of the stock is currently owned by institutional investors and hedge funds.

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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