Invesco Ltd. Sells 79,059 Shares of Benchmark Electronics, Inc. $BHE

Key Points

• Invesco Ltd. reduced its stake in Benchmark Electronics, Inc. by 6.3%, selling 79,059 shares during the first quarter, leaving it with approximately 1.17 million shares worth $44.54 million.
• Several institutional investors, including Millennium Management LLC, significantly increased their shares in Benchmark Electronics, with Millennium raising its stake by 90.4% during the previous quarter.
• Benchmark Electronics reported a revenue of $642.34 million for the last quarter, which was down 3.6% year-over-year, while earnings per share were $0.55, slightly exceeding analysts' expectations.

Invesco Ltd. decreased its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 6.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,171,267 shares of the technology company's stock after selling 79,059 shares during the period. Invesco Ltd. owned 3.24% of Benchmark Electronics worth $44,543,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. New Age Alpha Advisors LLC bought a new position in Benchmark Electronics during the 1st quarter valued at approximately $56,000. Versant Capital Management Inc grew its stake in shares of Benchmark Electronics by 197.5% in the first quarter. Versant Capital Management Inc now owns 2,475 shares of the technology company's stock worth $94,000 after acquiring an additional 1,643 shares during the last quarter. State of Wyoming increased its holdings in shares of Benchmark Electronics by 213.4% during the fourth quarter. State of Wyoming now owns 3,563 shares of the technology company's stock valued at $162,000 after acquiring an additional 2,426 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Benchmark Electronics by 94.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,693 shares of the technology company's stock worth $213,000 after purchasing an additional 2,278 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Benchmark Electronics by 10.7% in the 4th quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock worth $232,000 after purchasing an additional 495 shares in the last quarter. 92.29% of the stock is owned by institutional investors.

Benchmark Electronics Stock Performance

Shares of BHE stock traded down $0.7590 on Wednesday, reaching $38.2510. The stock had a trading volume of 151,203 shares, compared to its average volume of 326,546. The stock has a market cap of $1.37 billion, a P/E ratio of 36.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.46 and a current ratio of 2.36. Benchmark Electronics, Inc. has a 1 year low of $30.73 and a 1 year high of $52.57. The company has a 50 day simple moving average of $39.06 and a 200 day simple moving average of $38.33.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The company had revenue of $642.34 million for 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%.Benchmark Electronics's revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. 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. Shareholders of record on Monday, June 30th were given a $0.17 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.68 annualized dividend and a yield of 1.8%. Benchmark Electronics's dividend payout ratio (DPR) is presently 64.76%.

Analyst Upgrades and Downgrades

BHE has been the subject of a number of analyst reports. Lake Street Capital reduced 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 note on Wednesday, April 30th. 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. Finally, Wall Street Zen cut Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $46.50.

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.