Raymond James Financial Inc. Boosts Stock Position in Benchmark Electronics, Inc. $BHE

Key Points

• Raymond James Financial Inc. has significantly increased its stake in Benchmark Electronics by 81%, acquiring a total of 165,246 shares valued at approximately $6.28 million as of the last quarter.
• Benchmark Electronics has announced a $0.17 quarterly dividend, reflecting a yield of 1.7% and a payout ratio of 64.76%.
• The company's stock has experienced a 2.4% decline, and it reported Q2 earnings of $0.55 per share, slightly exceeding analyst expectations.

Raymond James Financial Inc. raised its holdings in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 81.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,246 shares of the technology company's stock after buying an additional 73,937 shares during the period. Raymond James Financial Inc. owned approximately 0.46% of Benchmark Electronics worth $6,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Benchmark Electronics by 8.6% during the first quarter. American Century Companies Inc. now owns 1,252,658 shares of the technology company's stock worth $47,639,000 after purchasing an additional 99,401 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Benchmark Electronics during the 1st quarter worth $903,000. Kovitz Investment Group Partners LLC lifted its stake in shares of Benchmark Electronics by 520.4% during the first quarter. Kovitz Investment Group Partners LLC now owns 197,280 shares of the technology company's stock valued at $7,503,000 after acquiring an additional 165,482 shares during the period. Russell Investments Group Ltd. grew its position in shares of Benchmark Electronics by 73,607.2% in the first quarter. Russell Investments Group Ltd. now owns 50,858 shares of the technology company's stock valued at $1,934,000 after purchasing an additional 50,789 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of Benchmark Electronics by 27.2% during the first quarter. Public Sector Pension Investment Board now owns 114,140 shares of the technology company's stock worth $4,341,000 after acquiring an additional 24,407 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Stock Performance

NYSE BHE traded down $0.32 on Monday, hitting $40.06. The stock had a trading volume of 93,599 shares, compared to its average volume of 316,908. The company's 50-day moving average is $39.60 and its two-hundred day moving average is $38.15. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 38.11 and a beta of 1.05. Benchmark Electronics, Inc. has a one year low of $30.73 and a one year 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 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. Benchmark Electronics had a return on equity of 6.08% and a net margin of 1.48%.The business had revenue of $642.34 million during the quarter, compared to analyst estimates of $638.67 million. During the same period last year, the company earned $0.57 earnings per share. Benchmark Electronics's quarterly revenue was down 3.6% compared to the same quarter last year. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Analyst Upgrades and Downgrades

BHE has been the topic of a number of research analyst reports. Wall Street Zen lowered Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Needham & Company LLC decreased their price objective on Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Benchmark Electronics has an average rating of "Buy" and a consensus price target of $46.50.

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.