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

Key Points

• Assenagon Asset Management cut its Benchmark Electronics stake by 39.5% in the second quarter, selling 24,957 shares and retaining 38,283 shares worth approximately $3.8 million. Institutional investors and hedge funds collectively own 92.29% of the company.
• Benchmark Electronics reported quarterly EPS of $0.75, exceeding estimates by $0.06, while revenue rose 17.7% year over year to $755.98 million. The company provided third-quarter EPS guidance of $0.76–$0.82.
• Analysts remain positive, with three Buy ratings and a consensus price target of $91; Needham raised its target to $90. The company also maintains a quarterly dividend of $0.17, or $0.68 annualized, yielding about 0.8%.

Assenagon Asset Management S.A. trimmed its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 39.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,283 shares of the technology company's stock after selling 24,957 shares during the quarter. Assenagon Asset Management S.A. owned about 0.11% of Benchmark Electronics worth $3,777,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in Benchmark Electronics by 11.7% during the 2nd quarter. GAMMA Investing LLC now owns 3,865 shares of the technology company's stock worth $381,000 after acquiring an additional 404 shares during the period. Pacific Excel Wealth Advisors Inc. acquired a new position in shares of Benchmark Electronics during the second quarter valued at $229,000. Empowered Funds LLC raised its stake in shares of Benchmark Electronics by 5.0% during the first quarter. Empowered Funds LLC now owns 168,067 shares of the technology company's stock valued at $9,422,000 after purchasing an additional 7,956 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in Benchmark Electronics in the first quarter worth about $6,078,000. Finally, Bank of America Corp DE lifted its holdings in Benchmark Electronics by 49.5% in the first quarter. Bank of America Corp DE now owns 88,731 shares of the technology company's stock worth $4,974,000 after purchasing an additional 29,381 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Benchmark Electronics

In related news, SVP Stephen J. Beaver sold 20,000 shares of the company's stock in a transaction 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. The trade was a 21.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David Moezidis sold 12,500 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 85,564 shares of the company's stock, valued at $7,492,839.48. The trade was a 12.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

Benchmark Electronics Trading Up 0.9%

NYSE:BHE opened at $82.04 on Thursday. 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 1-year low of $35.91 and a 1-year high of $100.41. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 55.81 and a beta of 1.27. The stock has a fifty day simple moving average of $85.46 and a 200 day simple moving average of $72.12.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 7.28% and a net margin of 1.89%.The firm had revenue of $755.98 million for the quarter, compared to the consensus estimate of $720.00 million. During the same quarter in the previous year, the company earned $0.03 EPS. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were issued a $0.17 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.8%. Benchmark Electronics's dividend payout ratio is presently 46.26%.

Analysts Set New Price Targets

A number of research firms have commented on BHE. Needham & Company LLC boosted their price target on shares of Benchmark Electronics from $80.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Lake Street Capital reiterated a "buy" rating and issued a $92.00 price objective on shares of Benchmark Electronics in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Benchmark Electronics from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $91.00.

Benchmark Electronics Company 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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