Trexquant Investment LP Sells 29,676 Shares of Benchmark Electronics, Inc. $BHE

Key Points

• Trexquant Investment LP has significantly reduced its stake in Benchmark Electronics by 49.1%, now owning approximately 30,814 shares worth $1.17 million.
• Benchmark Electronics recently reported earnings of $0.55 per share for the quarter, slightly exceeding estimates, although revenue declined 3.6% year-over-year.
• The company has announced a quarterly dividend of $0.17 per share, representing an annual yield of 1.7% and a payout ratio of 64.76%.

Trexquant Investment LP trimmed its position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 49.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,814 shares of the technology company's stock after selling 29,676 shares during the quarter. Trexquant Investment LP owned 0.09% of Benchmark Electronics worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of BHE. American Century Companies Inc. boosted its holdings in shares of Benchmark Electronics by 8.6% in the 1st quarter. American Century Companies Inc. now owns 1,252,658 shares of the technology company's stock worth $47,639,000 after buying an additional 99,401 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Benchmark Electronics by 1.9% in the 4th quarter. Wellington Management Group LLP now owns 436,181 shares of the technology company's stock worth $19,803,000 after buying an additional 8,000 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Benchmark Electronics by 35.5% in the 1st quarter. Allianz Asset Management GmbH now owns 423,405 shares of the technology company's stock worth $16,102,000 after buying an additional 111,022 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Benchmark Electronics by 8.0% in the 4th quarter. Northern Trust Corp now owns 418,234 shares of the technology company's stock worth $18,988,000 after buying an additional 31,071 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Benchmark Electronics by 90.4% in the 4th quarter. Millennium Management LLC now owns 336,466 shares of the technology company's stock worth $15,276,000 after buying an additional 159,769 shares during the last quarter. 92.29% of the stock is owned by hedge funds and other institutional investors.

Benchmark Electronics Stock Performance

Benchmark Electronics stock traded down $0.89 during midday trading on Friday, reaching $39.22. The stock had a trading volume of 172,416 shares, compared to its average volume of 191,137. Benchmark Electronics, Inc. has a 12 month low of $30.73 and a 12 month high of $52.57. The firm's 50-day moving average price is $39.60 and its 200 day moving average price is $38.15. The firm has a market capitalization of $1.41 billion, a PE ratio of 37.36 and a beta of 1.05. The company has a quick ratio of 1.46, a current ratio of 2.36 and a debt-to-equity ratio of 0.18.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. Benchmark Electronics had a return on equity of 6.08% and a net margin of 1.48%.The firm had revenue of $642.34 million for the quarter, compared to analysts' expectations of $638.67 million. During the same period in the prior year, the business posted $0.57 earnings per share. The company's revenue was down 3.6% on a year-over-year basis. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Benchmark Electronics's dividend payout ratio is currently 64.76%.

Wall Street Analysts Forecast Growth

BHE has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Needham & Company LLC cut their price target 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. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $46.50.

Insider Buying and Selling at Benchmark Electronics

In other news, SVP Jan M. Janick sold 10,004 shares of the company's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $40.50, for a total transaction of $405,162.00. Following the sale, the senior vice president directly owned 62,368 shares in the company, valued at $2,525,904. This represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.20% of the stock is currently owned by corporate insiders.

About Benchmark Electronics

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.