Bank of America Corp DE Has $4.97 Million Stock Holdings in Benchmark Electronics, Inc. $BHE

Key Points

• Bank of America increased its Benchmark Electronics position by 49.5% in the first quarter, holding 88,731 shares valued at approximately $4.97 million. Institutional investors and hedge funds collectively own 92.29% of BHE.
• Benchmark Electronics exceeded quarterly expectations, reporting $0.75 in earnings per share versus the $0.69 consensus and $755.98 million in revenue, up 17.7% year over year. The company guided for third-quarter EPS of $0.76–$0.82.
• Analysts maintain a favorable outlook, with all three covering analysts rating the stock a Buy and a consensus price target of $91, while Benchmark continues to pay a $0.17 quarterly dividend.

Bank of America Corp DE raised its position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 49.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 88,731 shares of the technology company's stock after buying an additional 29,381 shares during the period. Bank of America Corp DE owned about 0.25% of Benchmark Electronics worth $4,974,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in BHE. Rockefeller Capital Management L.P. boosted its holdings in Benchmark Electronics by 69.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company's stock valued at $26,000 after acquiring an additional 250 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Benchmark Electronics in the fourth quarter worth about $42,000. Clearstead Advisors LLC raised its holdings in Benchmark Electronics by 246.8% during the 4th quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company's stock worth $58,000 after purchasing an additional 970 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Benchmark Electronics by 28.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company's stock worth $62,000 after purchasing an additional 322 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in Benchmark Electronics during the 4th quarter valued at about $79,000. 92.29% of the stock is owned by institutional investors and hedge funds.

Benchmark Electronics Price Performance

Shares of BHE opened at $73.41 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16. Benchmark Electronics, Inc. has a 1 year low of $35.91 and a 1 year high of $100.41. The stock has a market cap of $2.64 billion, a P/E ratio of 49.94 and a beta of 1.27. The stock's 50-day moving average price is $82.67 and its two-hundred day moving average price is $73.88.

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

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics's dividend payout ratio is presently 46.26%.

Insiders Place Their Bets

In other news, SVP Stephen J. Beaver sold 20,000 shares of Benchmark Electronics stock in a transaction on Thursday, June 11th. The shares were 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 $6,470,475. This trade represents a 21.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BHE shares. Weiss Ratings upgraded shares of Benchmark Electronics from a "hold (c)" rating to a "buy (b-)" rating in a research report on Friday, July 31st. Lake Street Capital reaffirmed a "buy" rating and issued a $92.00 price objective on shares of Benchmark Electronics in a research note on Thursday, April 30th. Finally, Needham & Company LLC lifted their target price 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. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $91.00.

Benchmark Electronics Profile

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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