BlackRock Inc. acquired a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,875,827 shares of the technology company's stock, valued at approximately $579,768,000. BlackRock Inc. owned approximately 16.36% of Benchmark Electronics at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BHE. Royal Bank of Canada increased its holdings in Benchmark Electronics by 30.2% in the first quarter. Royal Bank of Canada now owns 14,420 shares of the technology company's stock valued at $548,000 after buying an additional 3,341 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Benchmark Electronics by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,239 shares of the technology company's stock valued at $808,000 after acquiring an additional 931 shares during the period. Caxton Associates LLP purchased a new stake in shares of Benchmark Electronics during the 1st quarter worth approximately $202,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Benchmark Electronics by 12.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,673 shares of the technology company's stock worth $3,981,000 after acquiring an additional 11,369 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Benchmark Electronics by 99.8% in the 1st quarter. Jane Street Group LLC now owns 107,802 shares of the technology company's stock worth $4,100,000 after acquiring an additional 53,840 shares during the period. 92.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on BHE shares. Lake Street Capital reaffirmed a "buy" rating and issued a $92.00 price objective on shares of Benchmark Electronics in a research note on Thursday, April 30th. Needham & Company LLC upped their target price on Benchmark Electronics from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Benchmark Electronics from a "hold (c)" rating to a "buy (b-)" rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $91.00.
Check Out Our Latest Stock Report on Benchmark Electronics
Benchmark Electronics Stock Performance
Benchmark Electronics stock opened at $72.46 on Monday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 49.29 and a beta of 1.28. Benchmark Electronics, Inc. has a 52 week low of $35.91 and a 52 week high of $100.41. The company has a current ratio of 1.99, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $84.16 and a 200 day moving average price of $73.44.
Benchmark Electronics (NYSE:BHE - Get Free Report) last released its earnings results 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. The business had revenue of $755.98 million for the quarter, compared to analysts' expectations of $720.00 million. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.28%. The company's quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the company earned $0.03 earnings per share. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.
Benchmark Electronics Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics's payout ratio is 46.26%.
Insider Activity
In other news, SVP Stephen J. Beaver sold 20,000 shares of Benchmark Electronics stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $86.25, for a total value of $1,725,000.00. Following the transaction, the senior vice president directly owned 75,020 shares of the company's stock, valued at $6,470,475. The trade was a 21.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Moezidis sold 12,500 shares of the business'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 position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company's stock.
About Benchmark Electronics
(
Free Report)
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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