Benchmark Electronics, Inc. $BHE Shares Sold by Boston Partners

Key Points

• Boston Partners reduced its stake in Benchmark Electronics, Inc., holding 408,519 shares worth $14.48 million after cutting their position by 2% in the first quarter.
• Several hedge funds have recently invested in Benchmark Electronics, with 92.29% of the stock currently owned by institutional investors and hedge funds.
• The company announced a quarterly dividend of $0.17 per share, reflecting a 1.7% dividend yield, with a current payout ratio of 64.76%.

Boston Partners lowered its position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 408,519 shares of the technology company's stock after selling 8,312 shares during the quarter. Boston Partners owned approximately 1.13% of Benchmark Electronics worth $14,480,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in BHE. LPL Financial LLC lifted its stake in Benchmark Electronics by 8.3% in the fourth quarter. LPL Financial LLC now owns 15,067 shares of the technology company's stock worth $684,000 after acquiring an additional 1,156 shares during the last quarter. Bank of Montreal Can lifted its stake 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 worth $232,000 after acquiring an additional 495 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Benchmark Electronics by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 45,750 shares of the technology company's stock worth $2,077,000 after acquiring an additional 2,050 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Benchmark Electronics in the fourth quarter worth approximately $4,145,000. Finally, Sterling Capital Management LLC lifted its stake in Benchmark Electronics by 9.6% in the fourth quarter. Sterling Capital Management LLC now owns 11,632 shares of the technology company's stock worth $528,000 after acquiring an additional 1,019 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company's stock.

Analyst Upgrades and Downgrades

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

Benchmark Electronics Price Performance

Shares of NYSE:BHE traded down $0.8210 on Wednesday, reaching $38.1890. 65,872 shares of the company were exchanged, compared to its average volume of 325,988. 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, Inc. has a 1-year low of $30.73 and a 1-year high of $52.57. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 36.36 and a beta of 0.99. The company has a 50-day moving average of $39.06 and a 200-day moving average of $38.33.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its quarterly earnings results 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. Benchmark Electronics had a net margin of 1.48% and a return on equity of 6.08%. The business 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 company posted $0.57 EPS. The business's revenue for the quarter 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 30th. Benchmark Electronics's dividend payout ratio is presently 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.