Jacobs Levy Equity Management Inc. Buys Shares of 19,587 Benchmark Electronics, Inc. $BHE

Key Points

• Jacobs Levy Equity Management Inc. has acquired 19,587 shares of Benchmark Electronics, valued at approximately $745,000, representing 0.05% of the company's total shares.
• Benchmark Electronics reported a quarterly profit with earnings of $0.55 per share, surpassing expectations, despite a year-over-year revenue decline of 3.6%.
• The company has announced a quarterly dividend of $0.17, with a yield of 1.7%, to be distributed on October 13th to investors of record as of September 30th.

Jacobs Levy Equity Management Inc. bought a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,587 shares of the technology company's stock, valued at approximately $745,000. Jacobs Levy Equity Management Inc. owned approximately 0.05% of Benchmark Electronics as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bridgeway Capital Management LLC raised its holdings in Benchmark Electronics by 1.1% in the 1st quarter. Bridgeway Capital Management LLC now owns 350,343 shares of the technology company's stock worth $13,324,000 after purchasing an additional 3,975 shares in the last quarter. Royal Bank of Canada increased its position in shares of Benchmark Electronics by 30.2% during 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 during the period. Graham Capital Management L.P. raised its stake in Benchmark Electronics by 33.8% in the first quarter. Graham Capital Management L.P. now owns 19,937 shares of the technology company's stock worth $758,000 after buying an additional 5,034 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its holdings in Benchmark Electronics by 126.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 27,769 shares of the technology company's stock worth $1,056,000 after buying an additional 15,485 shares during the period. Finally, AlphaQuest LLC boosted its position in Benchmark Electronics by 355.7% during the 1st quarter. AlphaQuest LLC now owns 34,263 shares of the technology company's stock valued at $1,303,000 after acquiring an additional 26,744 shares in the last quarter. Institutional investors own 92.29% of the company's stock.

Benchmark Electronics Stock Up 2.0%

Benchmark Electronics stock traded up $0.81 during trading hours on Thursday, hitting $40.10. The stock had a trading volume of 42,680 shares, compared to its average volume of 312,104. The stock's 50-day moving average price is $39.57 and its 200-day moving average price is $38.14. The stock has a market capitalization of $1.44 billion, a P/E ratio of 38.28 and a beta of 1.05. Benchmark Electronics, Inc. has a 12-month low of $30.73 and a 12-month high of $52.57. The company has a quick ratio of 1.46, a current ratio of 2.36 and a debt-to-equity ratio of 0.18.

Benchmark Electronics (NYSE:BHE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.55 EPS for the quarter, beating 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 firm had revenue of $642.34 million for the quarter, compared to analysts' expectations of $638.67 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. 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 will be paid on Monday, October 13th. Investors of record on Tuesday, September 30th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, September 30th. Benchmark Electronics's dividend payout ratio (DPR) is presently 64.76%.

Insiders Place Their Bets

In other Benchmark Electronics news, SVP Jan M. Janick sold 10,004 shares of the business's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $40.50, for a total value of $405,162.00. Following the completion of the transaction, the senior vice president owned 62,368 shares of the company's stock, valued at approximately $2,525,904. The trade was a 13.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

BHE has been the subject of several research reports. Needham & Company LLC decreased their target price on 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 lowered shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target 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.