Sei Investments Co. Sells 9,572 Shares of Benchmark Electronics, Inc. $BHE

Key Points

• Sei Investments Co. reduced its stake in Benchmark Electronics by 14.6%, selling 9,572 shares and now owning approximately 0.16% of the company worth $2.14 million.
• Institutional investors hold 92.29% of Benchmark Electronics, with several other hedge funds also modifying their positions recently, including Raymond James Financial Inc. and Assenagon Asset Management S.A..
• Benchmark Electronics reported earnings of $0.55 per share for the last quarter, slightly exceeding estimates, but revenue saw a 3.6% decline year-over-year.

Sei Investments Co. trimmed its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 14.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,214 shares of the technology company's stock after selling 9,572 shares during the period. Sei Investments Co. owned about 0.16% of Benchmark Electronics worth $2,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Benchmark Electronics by 8.3% during the fourth quarter. LPL Financial LLC now owns 15,067 shares of the technology company's stock worth $684,000 after purchasing an additional 1,156 shares in the last quarter. Bank of Montreal Can increased its stake in Benchmark Electronics by 10.7% during the fourth quarter. Bank of Montreal Can now owns 5,100 shares of the technology company's stock valued at $232,000 after purchasing an additional 495 shares during the last quarter. Renaissance Technologies LLC increased its stake in Benchmark Electronics by 4.7% during the fourth quarter. Renaissance Technologies LLC now owns 45,750 shares of the technology company's stock valued at $2,077,000 after purchasing an additional 2,050 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Benchmark Electronics during the fourth quarter valued at $4,145,000. Finally, Sterling Capital Management LLC grew its position in shares of Benchmark Electronics by 9.6% during the fourth quarter. Sterling Capital Management LLC now owns 11,632 shares of the technology company's stock worth $528,000 after acquiring an additional 1,019 shares during the last quarter. 92.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHE has been the subject of several research analyst reports. Needham & Company LLC reduced their price objective on shares of Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating for the company in a report on Friday, August 1st. 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. Finally, Wall Street Zen downgraded 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, Based on data from MarketBeat, Benchmark Electronics has a consensus rating of "Buy" and a consensus target price of $46.50.

Benchmark Electronics Stock Performance

Shares of BHE traded up $0.06 during mid-day trading on Thursday, hitting $38.30. The company's stock had a trading volume of 46,622 shares, compared to its average volume of 324,752. The firm has a market capitalization of $1.38 billion, a PE ratio of 36.48 and a beta of 0.99. Benchmark Electronics, Inc. has a one year low of $30.73 and a one year high of $52.57. The stock's 50-day moving average is $39.06 and its two-hundred day moving average is $38.32. 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 (NYSE:BHE - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.54 by $0.01. The firm had revenue of $642.34 million during 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 quarterly revenue was down 3.6% compared to the same quarter last year. During the same period last year, the business 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 company also recently announced a quarterly dividend, which was paid on Friday, July 11th. Investors of record on Monday, June 30th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, June 30th. Benchmark Electronics's dividend payout ratio (DPR) is 64.76%.

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.