Benchmark Electronics, Inc. $BHE Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. increased its stake in Benchmark Electronics by 20.7% during Q2, owning approximately $2.75 million worth of shares.
• Benchmark Electronics reported $0.55 EPS for the latest quarter, slightly exceeding analyst estimates, but revenue declined by 3.6% year-over-year.
• The company announced a quarterly $0.17 dividend with a yield of 1.8%, scheduled for payment on October 13th.

Assenagon Asset Management S.A. raised its stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 20.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,708 shares of the technology company's stock after buying an additional 12,136 shares during the quarter. Assenagon Asset Management S.A. owned about 0.20% of Benchmark Electronics worth $2,746,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Voya Investment Management LLC lifted its position in shares of Benchmark Electronics by 89.6% during the first quarter. Voya Investment Management LLC now owns 34,004 shares of the technology company's stock worth $1,293,000 after purchasing an additional 16,069 shares in the last quarter. Strs Ohio acquired a new stake in shares of Benchmark Electronics during the first quarter worth about $677,000. Jane Street Group LLC lifted its position in shares of Benchmark Electronics by 99.8% during the first quarter. Jane Street Group LLC now owns 107,802 shares of the technology company's stock worth $4,100,000 after purchasing an additional 53,840 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Benchmark Electronics by 12.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,673 shares of the technology company's stock valued at $3,981,000 after acquiring an additional 11,369 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Benchmark Electronics by 2.1% in the first quarter. Empowered Funds LLC now owns 197,158 shares of the technology company's stock valued at $7,498,000 after acquiring an additional 3,975 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company's stock.

Insiders Place Their Bets

In related news, SVP Jan M. Janick sold 10,004 shares of Benchmark Electronics stock in a transaction on Monday, September 8th. The shares were sold at an average price of $40.50, for a total value of $405,162.00. Following the transaction, the senior vice president directly owned 62,368 shares in the company, valued at $2,525,904. This trade represents a 13.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.

Benchmark Electronics Stock Performance

Shares of Benchmark Electronics stock opened at $38.41 on Friday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 36.58 and a beta of 1.05. Benchmark Electronics, Inc. has a 52 week low of $30.73 and a 52 week high of $52.57. The company has a quick ratio of 1.46, a current ratio of 2.36 and a debt-to-equity ratio of 0.18. The firm's 50 day moving average is $39.60 and its two-hundred day moving average is $38.21.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. The business 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 company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Tuesday, September 30th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, September 30th. Benchmark Electronics's dividend payout ratio (DPR) is 64.76%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Needham & Company LLC reduced their target price on shares of Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Wall Street Zen cut shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $46.50.

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.

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