Jacobs Levy Equity Management Inc. Buys New Shares in 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. acquired a new stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,587 shares of the technology company's stock, valued at approximately $745,000. Jacobs Levy Equity Management Inc. owned about 0.05% of Benchmark Electronics at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BHE. New Age Alpha Advisors LLC purchased a new position in Benchmark Electronics in the first quarter valued at approximately $56,000. Versant Capital Management Inc lifted its stake in Benchmark Electronics by 197.5% in the first quarter. Versant Capital Management Inc now owns 2,475 shares of the technology company's stock valued at $94,000 after purchasing an additional 1,643 shares during the last quarter. State of Wyoming raised its holdings in Benchmark Electronics by 213.4% during the 4th 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 during the period. Linscomb Wealth Inc. bought a new stake in Benchmark Electronics during the 1st quarter valued at $214,000. Finally, Tidal Investments LLC bought a new stake in Benchmark Electronics during the 4th quarter valued at $263,000. Hedge funds and other institutional investors own 92.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Needham & Company LLC lowered their target price on shares of Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Wall Street Zen cut shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $46.50.

Benchmark Electronics Price Performance

Shares of Benchmark Electronics stock traded up $1.49 during trading on Thursday, hitting $40.78. The stock had a trading volume of 266,688 shares, compared to its average volume of 196,473. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 38.84 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 business's 50-day moving average is $39.58 and its 200 day moving average is $38.16. 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 (NYSE:BHE - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $642.34 million for the quarter, compared to analysts' expectations of $638.67 million. Benchmark Electronics had a net margin of 1.48% and a return on equity of 6.08%. The business's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Tuesday, September 30th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Benchmark Electronics's dividend payout ratio is currently 64.76%.

Insider Buying and Selling

In related news, SVP Jan M. Janick sold 10,004 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $40.50, for a total value of $405,162.00. Following the transaction, the senior vice president owned 62,368 shares of the company's stock, valued at $2,525,904. This represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

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.