AlphaQuest LLC Has $1.35 Million Stake in Benchmark Electronics, Inc. $BHE

Key Points

• AlphaQuest LLC reduced its stake in Benchmark Electronics by 32.6% in the fourth quarter, selling 15,220 shares and leaving it with 31,519 shares valued at about $1.35 million.
• Benchmark Electronics beat earnings expectations in its latest quarter, reporting $0.58 EPS versus $0.56 expected and revenue of $677.28 million, with sales up 7.1% year over year.
• Analysts remain generally positive on the stock, with a consensus “Moderate Buy” rating and an average target price of $86, while the shares recently traded near $84.58 after reaching a 52-week high of $89.40.

AlphaQuest LLC lessened its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,519 shares of the technology company's stock after selling 15,220 shares during the period. AlphaQuest LLC owned about 0.09% of Benchmark Electronics worth $1,348,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BHE. Aster Capital Management DIFC Ltd acquired a new stake in shares of Benchmark Electronics during the third quarter worth approximately $40,000. Clearstead Advisors LLC boosted its position in Benchmark Electronics by 246.8% during the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company's stock valued at $58,000 after purchasing an additional 970 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Benchmark Electronics by 215.1% during the second quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the technology company's stock valued at $116,000 after purchasing an additional 2,048 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Benchmark Electronics by 12.9% during the third quarter. PNC Financial Services Group Inc. now owns 3,124 shares of the technology company's stock valued at $120,000 after purchasing an additional 358 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Benchmark Electronics in the second quarter valued at approximately $137,000. Institutional investors and hedge funds own 92.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BHE shares. Needham & Company LLC lifted their target price on shares of Benchmark Electronics from $62.00 to $80.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Wall Street Zen raised Benchmark Electronics from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Benchmark Electronics in a report on Monday, April 20th. Finally, Lake Street Capital reiterated a "buy" rating and issued a $92.00 target price on shares of Benchmark Electronics in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Benchmark Electronics currently has a consensus rating of "Moderate Buy" and an average target price of $86.00.

Benchmark Electronics Price Performance

NYSE BHE opened at $84.58 on Friday. Benchmark Electronics, Inc. has a twelve month low of $34.44 and a twelve month high of $89.40. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.42 and a current ratio of 2.18. The stock has a market capitalization of $3.03 billion, a PE ratio of 89.03 and a beta of 1.28. The stock has a 50-day simple moving average of $70.10 and a 200 day simple moving average of $56.94.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its earnings results on Wednesday, April 29th. The technology company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $677.28 million during the quarter, compared to analysts' expectations of $676.25 million. Benchmark Electronics had a net margin of 1.27% and a return on equity of 6.63%. The business's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.68 annualized dividend and a yield of 0.8%. Benchmark Electronics's dividend payout ratio is 71.58%.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, CEO David Moezidis sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $87.57, for a total value of $1,094,625.00. Following the completion of the transaction, the chief executive officer owned 85,564 shares of the company's stock, valued at $7,492,839.48. This represents a 12.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David W. Scheible sold 22,989 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $85.00, for a total value of $1,954,065.00. Following the completion of the transaction, the director directly owned 62,057 shares of the company's stock, valued at approximately $5,274,845. The trade was a 27.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 66,352 shares of company stock worth $5,587,806. Insiders own 1.10% of the company's stock.

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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