314,794 Shares in Benchmark Electronics, Inc. $BHE Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 314,794 Benchmark Electronics shares in the second quarter, worth approximately $31.1 million and representing 0.88% of the company. Institutional investors collectively own 92.29% of BHE.
• Benchmark Electronics exceeded quarterly expectations, reporting adjusted EPS of $0.75 versus a $0.69 consensus estimate and revenue of $755.98 million, up 17.7% year over year. The company issued third-quarter EPS guidance of $0.76–$0.82.
• Analyst sentiment is favorable: Needham raised its price target to $90, while the stock carries an overall “Buy” rating and an average target of $91. The company also maintains a quarterly dividend of $0.17, yielding about 1.0% annually.

Bank of New York Mellon Corp purchased a new stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 314,794 shares of the technology company's stock, valued at approximately $31,061,000. Bank of New York Mellon Corp owned 0.88% of Benchmark Electronics as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its position in Benchmark Electronics by 69.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company's stock worth $26,000 after purchasing an additional 250 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Benchmark Electronics in the fourth quarter valued at about $42,000. Clearstead Advisors LLC lifted its stake in shares of Benchmark Electronics by 246.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company's stock worth $58,000 after acquiring an additional 970 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Benchmark Electronics by 28.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company's stock worth $62,000 after acquiring an additional 322 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new stake in Benchmark Electronics in the fourth quarter valued at approximately $79,000. Institutional investors own 92.29% of the company's stock.

Insider Buying and Selling

In related news, SVP Stephen J. Beaver sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the transaction, the senior vice president directly owned 75,020 shares of the company's stock, valued at approximately $6,470,475. This represents a 21.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Benchmark Electronics Stock Performance

Shares of BHE stock opened at $71.30 on Friday. The firm has a 50 day moving average of $82.26 and a 200-day moving average of $73.86. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 48.50 and a beta of 1.27. The company has a quick ratio of 1.31, a current ratio of 1.99 and a debt-to-equity ratio of 0.16. Benchmark Electronics, Inc. has a 52 week low of $35.91 and a 52 week high of $100.41.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.06. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.28%. The business had revenue of $755.98 million for the quarter, compared to analyst estimates of $720.00 million. During the same period in the prior year, the firm earned $0.03 earnings per share. Benchmark Electronics's revenue was up 17.7% on a year-over-year basis. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics's payout ratio is presently 46.26%.

Analysts Set New Price Targets

BHE has been the subject of several analyst reports. Needham & Company LLC raised their price target on shares of Benchmark Electronics from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Benchmark Electronics from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $91.00.

About Benchmark Electronics

Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early‐stage design and prototyping to high‐volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.

At the core of Benchmark's offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.

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