Tudor Investment Corp ET AL Buys New Shares in Benchmark Electronics, Inc. $BHE

Key Points

• Tudor Investment Corp bought a new stake of 16,730 shares in Benchmark Electronics (~$645,000) during Q3, and several other institutions (notably American Century and Tributary) materially increased holdings, leaving 92.29% of the stock owned by hedge funds and institutional investors.
• Benchmark beat Q4 estimates with $0.71 EPS (vs. $0.64 expected) and $704M revenue, and analysts hold a consensus rating of “Moderate Buy” with a $62.00 target price.
• CEO Jeff Benck sold 25,000 shares at $58.19 (a ~5.9% reduction), insiders have sold ~40,934 shares in the past 90 days, and the company pays a $0.17 quarterly dividend (annual yield ~1.1%) with a high payout ratio (~98.6%).

Tudor Investment Corp ET AL bought a new stake in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,730 shares of the technology company's stock, valued at approximately $645,000.

Other hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in Benchmark Electronics by 2.3% in the third quarter. American Century Companies Inc. now owns 1,328,183 shares of the technology company's stock valued at $51,201,000 after purchasing an additional 29,923 shares during the last quarter. First National Bank of Omaha purchased a new stake in Benchmark Electronics in the third quarter valued at $529,000. Advisors Preferred LLC purchased a new stake in Benchmark Electronics in the third quarter valued at $1,170,000. Tributary Capital Management LLC boosted its holdings in Benchmark Electronics by 92.5% in the third quarter. Tributary Capital Management LLC now owns 879,486 shares of the technology company's stock valued at $33,904,000 after purchasing an additional 422,608 shares during the last quarter. Finally, SummerHaven Investment Management LLC purchased a new stake in Benchmark Electronics in the third quarter valued at $812,000. 92.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Benchmark Electronics from a "buy" rating to a "strong-buy" rating in a report on Saturday, February 28th. Needham & Company LLC upped their price target on shares of Benchmark Electronics from $55.00 to $62.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Benchmark Electronics in a report on Wednesday, January 21st. Finally, Lake Street Capital set a $62.00 target price on shares of Benchmark Electronics in a research note on Wednesday, February 4th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.00.

Insiders Place Their Bets

In related news, CEO Jeff Benck sold 25,000 shares of the firm's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $58.19, for a total value of $1,454,750.00. Following the transaction, the chief executive officer directly owned 398,180 shares of the company's stock, valued at approximately $23,170,094.20. This trade represents a 5.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 40,934 shares of company stock valued at $2,264,419. Company insiders own 2.20% of the company's stock.

Benchmark Electronics Trading Down 2.3%

Shares of Benchmark Electronics stock opened at $62.38 on Thursday. The firm has a market capitalization of $2.23 billion, a PE ratio of 90.41 and a beta of 0.97. Benchmark Electronics, Inc. has a twelve month low of $32.11 and a twelve month high of $65.45. The firm's 50-day moving average price is $57.44 and its 200 day moving average price is $49.18. The company has a current ratio of 2.28, a quick ratio of 1.52 and a debt-to-equity ratio of 0.19.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The technology company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.07. The firm had revenue of $704.00 million for the quarter, compared to analyst estimates of $696.67 million. Benchmark Electronics had a net margin of 0.93% and a return on equity of 6.48%. Benchmark Electronics's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. Benchmark Electronics has set its Q1 2026 guidance at 0.530-0.590 EPS.

Benchmark Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.1%. Benchmark Electronics's dividend payout ratio (DPR) is currently 98.55%.

Benchmark Electronics Profile

Benchmark Electronics, Inc is a global provider of comprehensive electronics manufacturing services (EMS) and integrated engineering solutions. The company offers a full suite of services that span the entire product lifecycle, from early‐stage design and prototyping to high‐volume production and aftermarket support. Benchmark serves diverse end markets, including industrial automation, medical devices, communications, aerospace and defense, and semiconductor equipment.

At the core of Benchmark's offering are printed circuit board assemblies (PCBA), system integration, box build assemblies and turnkey manufacturing.

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