Fox Run Management L.L.C. Takes Position in Benchmark Electronics, Inc. $BHE

Key Points

• Fox Run Management L.L.C. acquired 23,740 shares of Benchmark Electronics, Inc., valued at approximately $903,000, representing about 0.07% ownership of the company.
• Several research analysts have downgraded Benchmark Electronics' stock rating, with Lake Street Capital and Needham & Company cutting their target prices to $46.00 and $47.00 respectively.
• Benchmark Electronics recently reported earnings of $0.55 per share, exceeding estimates, but its quarterly revenue declined by 3.6% year-over-year.

Fox Run Management L.L.C. acquired a new position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,740 shares of the technology company's stock, valued at approximately $903,000. Fox Run Management L.L.C. owned 0.07% of Benchmark Electronics as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Benchmark Electronics during the fourth quarter worth about $4,145,000. Cerity Partners LLC purchased a new stake in shares of Benchmark Electronics during the first quarter worth about $489,000. Tidal Investments LLC purchased a new stake in shares of Benchmark Electronics during the fourth quarter worth about $263,000. Assenagon Asset Management S.A. increased its stake in shares of Benchmark Electronics by 21.9% during the first quarter. Assenagon Asset Management S.A. now owns 58,572 shares of the technology company's stock worth $2,227,000 after purchasing an additional 10,537 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Benchmark Electronics by 11.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 16,389 shares of the technology company's stock worth $623,000 after purchasing an additional 1,662 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BHE shares. Needham & Company LLC cut their target price on shares of Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Lake Street Capital dropped their price objective on shares of Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, April 30th. Finally, Wall Street Zen cut shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $46.50.

Benchmark Electronics Trading Down 2.3%

Shares of BHE stock traded down $0.9150 during trading hours on Wednesday, hitting $38.0950. The company had a trading volume of 72,435 shares, compared to its average volume of 326,019. The company's fifty day moving average is $39.06 and its 200 day moving average is $38.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.36 and a quick ratio of 1.46. Benchmark Electronics, Inc. has a fifty-two week low of $30.73 and a fifty-two week high of $52.57. The stock has a market capitalization of $1.37 billion, a PE ratio of 36.30 and a beta of 0.99.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $642.34 million for the quarter, compared to analyst estimates of $638.67 million. Benchmark Electronics had a net margin of 1.48% and a return on equity of 6.08%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 30th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, June 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. Benchmark Electronics's dividend payout ratio is 64.76%.

Benchmark Electronics 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.