Benchmark Electronics, Inc. $BHE Shares Acquired by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Benchmark Electronics by 520.4%, acquiring an additional 165,482 shares during the first quarter, bringing its total ownership to 197,280 shares valued at approximately $7.5 million.
• Benchmark Electronics reported quarterly earnings of $0.55 per share, exceeding the consensus estimate of $0.54, despite a 3.6% year-over-year decline in revenue.
• The company declared a $0.17 quarterly dividend, representing an annualized yield of 1.7%, with an effective dividend payout ratio of 64.76%.

Kovitz Investment Group Partners LLC increased its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 520.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,280 shares of the technology company's stock after purchasing an additional 165,482 shares during the quarter. Kovitz Investment Group Partners LLC owned 0.55% of Benchmark Electronics worth $7,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Nuveen LLC purchased a new stake in shares of Benchmark Electronics during the 1st quarter valued at about $6,746,000. Millennium Management LLC lifted its position in Benchmark Electronics by 90.4% during the fourth quarter. Millennium Management LLC now owns 336,466 shares of the technology company's stock valued at $15,276,000 after purchasing an additional 159,769 shares during the period. Peregrine Capital Management LLC purchased a new stake in Benchmark Electronics in the first quarter worth approximately $4,859,000. Allianz Asset Management GmbH grew its position in Benchmark Electronics by 35.5% in the 1st quarter. Allianz Asset Management GmbH now owns 423,405 shares of the technology company's stock worth $16,102,000 after purchasing an additional 111,022 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in Benchmark Electronics by 480.7% in the 4th quarter. Tudor Investment Corp ET AL now owns 121,602 shares of the technology company's stock worth $5,521,000 after purchasing an additional 100,663 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on BHE. Needham & Company LLC reduced their price objective 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. Lake Street Capital lowered their target price on Benchmark Electronics from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Wall Street Zen lowered Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $46.50.

Benchmark Electronics Trading Down 0.1%

Shares of BHE traded down $0.0250 during mid-day trading on Thursday, reaching $38.2150. 40,577 shares of the company's stock traded hands, compared to its average volume of 324,731. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.36 and a quick ratio of 1.46. The stock has a market cap of $1.37 billion, a P/E ratio of 36.48 and a beta of 0.99. The stock's 50-day moving average is $39.06 and its two-hundred day moving average is $38.32. Benchmark Electronics, Inc. has a 12 month low of $30.73 and a 12 month high of $52.57.

Benchmark Electronics (NYSE:BHE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The company had revenue of $642.34 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 30th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, June 30th. This represents a $0.68 dividend on an annualized basis and a yield of 1.8%. Benchmark Electronics's dividend payout ratio is currently 64.76%.

Benchmark Electronics 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.