Empowered Funds LLC Purchases Shares of 170,291 Benchmark Electronics, Inc. $BHE

Key Points

• Empowered Funds LLC acquired 170,291 shares of Benchmark Electronics worth approximately $16.8 million, giving it a 0.47% stake. Institutional investors collectively own 92.29% of the company.
• Benchmark Electronics reported quarterly EPS of $0.75, exceeding estimates of $0.69, while revenue rose 17.7% year over year to $755.98 million. The company issued third-quarter EPS guidance of $0.76–$0.82.
• Shares opened at $71.30 after falling 3.2%; analysts maintain an overall “Buy” rating with an average price target of $91.00. The company also pays a quarterly dividend of $0.17, yielding about 1.0% annually.

Empowered Funds LLC acquired a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 170,291 shares of the technology company's stock, valued at approximately $16,803,000. Empowered Funds LLC owned about 0.47% of Benchmark Electronics at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BHE. BlackRock Inc. purchased a new stake in shares of Benchmark Electronics in the second quarter valued at about $579,768,000. Earnest Partners LLC bought a new position in Benchmark Electronics in the 4th quarter valued at $74,940,000. Franklin Resources Inc. increased its position in shares of Benchmark Electronics by 14.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company's stock valued at $103,634,000 after purchasing an additional 338,081 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Benchmark Electronics during the 2nd quarter worth $31,061,000. Finally, Kennedy Capital Management LLC boosted its holdings in shares of Benchmark Electronics by 141.8% in the 3rd quarter. Kennedy Capital Management LLC now owns 363,651 shares of the technology company's stock worth $14,019,000 after buying an additional 213,276 shares during the last quarter. 92.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Stephen J. Beaver sold 20,000 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the transaction, the senior vice president directly owned 75,020 shares of the company's stock, valued at approximately $6,470,475. This trade represents a 21.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Benchmark Electronics Trading Down 3.2%

Shares of Benchmark Electronics stock opened at $71.30 on Friday. Benchmark Electronics, Inc. has a 12-month low of $35.91 and a 12-month high of $100.41. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 48.50 and a beta of 1.27. 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 company's 50-day moving average price is $82.26 and its 200-day moving average price is $73.86.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported $0.75 EPS for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.28%. The firm had revenue of $755.98 million during the quarter, compared to analyst estimates of $720.00 million. During the same period in the previous year, the business earned $0.03 EPS. The business's revenue for the quarter was up 17.7% on a year-over-year basis. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, June 30th. Benchmark Electronics's payout ratio is presently 46.26%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Benchmark Electronics from a "hold (c)" rating to a "buy (b-)" rating in a research note on Friday, July 31st. Needham & Company LLC increased their price objective on Benchmark Electronics from $80.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $91.00.

About Benchmark Electronics

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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