State Street Corp Increases Stock Holdings in Benchmark Electronics, Inc. $BHE

Key Points

• State Street increased its Benchmark Electronics stake by 3.5% in the second quarter, bringing its holdings to 1.43 million shares valued at approximately $141.6 million. Institutional investors collectively own 92.29% of the company.
• Benchmark Electronics exceeded quarterly expectations, reporting adjusted EPS of $0.75 versus the $0.69 consensus and revenue of $755.98 million, up 17.7% year over year. The company guided for third-quarter EPS of $0.76–$0.82.
• The company declared a quarterly dividend of $0.17 per share, representing an annualized yield of about 0.8%. Analyst sentiment remains moderately positive, with an average “Moderate Buy” rating and a $91 price target.

State Street Corp lifted its stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,433,075 shares of the technology company's stock after acquiring an additional 47,835 shares during the period. State Street Corp owned 3.99% of Benchmark Electronics worth $141,644,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Benchmark Electronics by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,573 shares of the technology company's stock worth $1,734,000 after acquiring an additional 1,630 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Benchmark Electronics in the second quarter valued at approximately $309,000. Integrated Wealth Concepts LLC purchased a new position in Benchmark Electronics in the second quarter worth $64,000. Squarepoint Ops LLC purchased a new position in Benchmark Electronics in the second quarter worth $461,000. Finally, Nykredit A S acquired a new position in shares of Benchmark Electronics during the second quarter worth $200,000. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Benchmark Electronics Trading Down 0.9%

NYSE:BHE opened at $82.35 on Friday. Benchmark Electronics, Inc. has a 12 month low of $35.91 and a 12 month high of $100.41. The firm has a fifty day simple moving average of $77.32 and a 200-day simple moving average of $76.24. The company has a current ratio of 1.99, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $2.96 billion, a P/E ratio of 56.02 and a beta of 1.26.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The firm had revenue of $755.98 million for the quarter, compared to the consensus estimate of $720.00 million. During the same period in the prior year, the firm earned $0.03 EPS. The firm's revenue was up 17.7% on a year-over-year basis. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.8%. Benchmark Electronics's payout ratio is 46.26%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Weiss Ratings lowered Benchmark Electronics from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, September 9th. Needham & Company LLC raised their price target on Benchmark Electronics from $80.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $91.00.

About Benchmark Electronics

Benchmark Electronics, Inc NYSE: BHE provides engineering, manufacturing and technology solutions for original equipment manufacturers (OEMs). The company supports customers across the product life cycle, from design and prototyping to production, testing, supply-chain management, systems integration and aftermarket services.

Its capabilities include printed circuit board assembly, precision machining, advanced manufacturing, engineering design, product testing and integrated systems production.

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