AlphaQuest LLC Buys 26,744 Shares of Benchmark Electronics, Inc. $BHE

Key Points

• AlphaQuest LLC significantly increased its stake in Benchmark Electronics, Inc. by 355.7% in Q1, owning 34,263 shares valued at approximately $1.30 million after acquiring an additional 26,744 shares.
• Several institutional investors, including Renaissance Technologies and Barclays PLC, also enhanced their positions in Benchmark Electronics during the fourth quarter, indicating strong interest from the investment community.
• Benchmark Electronics reported earnings of $0.55 per share for the last quarter, surpassing analyst expectations, although its quarterly revenue has decreased by 3.6% year-over-year.

AlphaQuest LLC grew its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 355.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,263 shares of the technology company's stock after purchasing an additional 26,744 shares during the period. AlphaQuest LLC owned about 0.09% of Benchmark Electronics worth $1,303,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mariner LLC lifted its stake in Benchmark Electronics by 2.4% in the fourth quarter. Mariner LLC now owns 14,846 shares of the technology company's stock valued at $676,000 after purchasing an additional 353 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Benchmark Electronics by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,308 shares of the technology company's stock worth $922,000 after buying an additional 709 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its position in shares of Benchmark Electronics by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 49,940 shares of the technology company's stock worth $1,899,000 after buying an additional 1,319 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Benchmark Electronics during the first quarter valued at about $56,000. Finally, MetLife Investment Management LLC raised its position in Benchmark Electronics by 8.1% during the fourth quarter. MetLife Investment Management LLC now owns 21,729 shares of the technology company's stock valued at $986,000 after purchasing an additional 1,628 shares in the last quarter. 92.29% of the stock is owned by institutional investors.

Benchmark Electronics Price Performance

Shares of Benchmark Electronics stock traded down $0.75 during trading on Friday, reaching $40.71. 22,354 shares of the stock traded hands, compared to its average volume of 320,333. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 38.78 and a beta of 0.99. The business has a fifty day simple moving average of $39.39 and a two-hundred day simple moving average of $38.27. 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 52-week low of $30.73 and a 52-week high of $52.57.

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

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. Benchmark Electronics's dividend payout ratio (DPR) is presently 64.76%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen cut Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Needham & Company LLC cut their price objective on Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $46.50.

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.