Vanguard Group Inc. Lowers Stock Position in Benchmark Electronics, Inc. $BHE

Key Points

• Vanguard Group Inc. has reduced its stake in Benchmark Electronics by 0.9%, now holding approximately 4.96 million shares valued at $188.55 million, representing about 13.77% of the company.
• Benchmark Electronics reported a net revenue decline of 3.6% year-over-year, with Q2 earnings per share at $0.55, slightly beating estimates.
• The company declared a quarterly dividend of $0.17 per share, resulting in an annualized dividend of $0.68 and a yield of 1.7%.

Vanguard Group Inc. cut its position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,958,015 shares of the technology company's stock after selling 45,512 shares during the quarter. Vanguard Group Inc. owned about 13.77% of Benchmark Electronics worth $188,553,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Benchmark Electronics during the fourth quarter valued at approximately $4,145,000. Cerity Partners LLC bought a new stake in shares of Benchmark Electronics during the first quarter valued at approximately $489,000. Tidal Investments LLC bought a new stake in shares of Benchmark Electronics during the fourth quarter valued at approximately $263,000. Assenagon Asset Management S.A. boosted its position in shares of Benchmark Electronics by 21.9% during the first quarter. Assenagon Asset Management S.A. now owns 58,572 shares of the technology company's stock valued at $2,227,000 after purchasing an additional 10,537 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Benchmark Electronics by 11.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 16,389 shares of the technology company's stock valued at $623,000 after purchasing an additional 1,662 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors.

Benchmark Electronics Stock Performance

Benchmark Electronics stock traded up $2.2750 during mid-day trading on Friday, reaching $40.6750. 203,142 shares of the stock traded hands, compared to its average volume of 311,892. Benchmark Electronics, Inc. has a 12-month low of $30.73 and a 12-month high of $52.57. The business's 50-day moving average is $39.14 and its 200-day moving average is $38.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.36 and a quick ratio of 1.46. The stock has a market capitalization of $1.46 billion, a PE ratio of 38.74 and a beta of 0.99.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $642.34 million during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.57 EPS. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 11th. Stockholders of record on Monday, June 30th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend 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%.

Analysts Set New Price Targets

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

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.