Charles Schwab Investment Management Inc. Sells 66,874 Shares of Benchmark Electronics, Inc. $BHE

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Benchmark Electronics by 8.5%, selling 66,874 shares in the first quarter, now owning approximately 2.00% of the company.
• Benchmark Electronics reported a quarterly EPS of $0.55, exceeding estimates, with revenue of $642.34 million, though down 3.6% from the previous year.
• The company recently declared a quarterly dividend of $0.17 per share, resulting in an annualized dividend yield of 1.7%.

Charles Schwab Investment Management Inc. reduced its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 721,655 shares of the technology company's stock after selling 66,874 shares during the period. Charles Schwab Investment Management Inc. owned about 2.00% of Benchmark Electronics worth $27,445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC bought a new position in Benchmark Electronics during the first quarter valued at approximately $56,000. Versant Capital Management Inc boosted its holdings in Benchmark Electronics by 197.5% during the 1st quarter. Versant Capital Management Inc now owns 2,475 shares of the technology company's stock valued at $94,000 after acquiring an additional 1,643 shares during the period. State of Wyoming lifted its position in Benchmark Electronics by 213.4% in the fourth quarter. State of Wyoming now owns 3,563 shares of the technology company's stock valued at $162,000 after purchasing an additional 2,426 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Benchmark Electronics by 94.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company's stock valued at $213,000 after purchasing an additional 2,278 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in Benchmark Electronics by 10.7% in the fourth quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock valued at $232,000 after purchasing an additional 495 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BHE shares. Needham & Company LLC lowered their price objective on Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Lake Street Capital lowered their price objective on Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $46.50.

Benchmark Electronics Trading Up 0.1%

Shares of BHE stock traded up $0.0350 during trading hours on Monday, reaching $40.7150. The company's stock had a trading volume of 6,592 shares, compared to its average volume of 322,977. The stock has a market capitalization of $1.46 billion, a P/E ratio of 38.75 and a beta of 0.99. Benchmark Electronics, Inc. has a one year low of $30.73 and a one year high of $52.57. The firm's fifty day simple moving average is $39.14 and its 200 day simple moving average is $38.24. The company has a current ratio of 2.36, a quick ratio of 1.46 and a debt-to-equity ratio of 0.18.

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, topping analysts' consensus estimates of $0.54 by $0.01. The firm had revenue of $642.34 million for 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 period last year, the company earned $0.57 EPS. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

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

Benchmark Electronics Company 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.