Voya Investment Management LLC Increases Stake in Benchmark Electronics, Inc. $BHE

Key Points

• Voya Investment Management LLC significantly increased its stake in Benchmark Electronics by 89.6%, acquiring an additional 16,069 shares, bringing its total ownership to 34,004 shares valued at approximately $1,293,000.
• Benchmark Electronics reported earnings per share of $0.55 for the last quarter, exceeding expectations and indicated a net margin of 1.48% despite a revenue decline of 3.6% year-over-year.
• The company announced a quarterly dividend of $0.17, with a dividend yield of 1.7%, set to be paid on October 13th to shareholders on record as of September 30th.

Voya Investment Management LLC grew its position in shares of Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 89.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,004 shares of the technology company's stock after buying an additional 16,069 shares during the quarter. Voya Investment Management LLC owned 0.09% of Benchmark Electronics worth $1,293,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. American Century Companies Inc. grew its stake in shares of Benchmark Electronics by 8.6% during the 1st 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 during the period. Wellington Management Group LLP grew its stake in shares of Benchmark Electronics by 1.9% during the 4th quarter. Wellington Management Group LLP now owns 436,181 shares of the technology company's stock worth $19,803,000 after purchasing an additional 8,000 shares during the period. Allianz Asset Management GmbH grew its stake in shares of Benchmark Electronics by 35.5% during 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. Bridgeway Capital Management LLC grew its stake in shares of Benchmark Electronics by 1.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 350,343 shares of the technology company's stock worth $13,324,000 after purchasing an additional 3,975 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Benchmark Electronics by 520.4% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 197,280 shares of the technology company's stock worth $7,503,000 after purchasing an additional 165,482 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.

Benchmark Electronics Price Performance

Benchmark Electronics stock opened at $40.28 on Tuesday. Benchmark Electronics, Inc. has a 12-month low of $30.73 and a 12-month high of $52.57. The stock has a market capitalization of $1.45 billion, a P/E ratio of 38.36 and a beta of 1.05. The firm's 50-day moving average is $39.60 and its two-hundred day moving average is $38.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.36 and a quick ratio of 1.46.

Benchmark Electronics (NYSE:BHE - Get Free Report) last released its quarterly earnings results 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 net margin of 1.48% and a return on equity of 6.08%. The company had revenue of $642.34 million for the quarter, compared to analysts' expectations of $638.67 million. During the same period last year, the company earned $0.57 EPS. The firm's revenue for the quarter 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.

Benchmark Electronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Tuesday, September 30th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Benchmark Electronics's dividend payout ratio (DPR) is currently 64.76%.

Insider Activity

In related news, SVP Jan M. Janick sold 10,004 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $40.50, for a total value of $405,162.00. Following the sale, the senior vice president directly owned 62,368 shares of the company's stock, valued at approximately $2,525,904. This trade represents a 13.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC lowered their price target on shares of Benchmark Electronics from $48.00 to $47.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Wall Street Zen cut shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Benchmark Electronics currently has a consensus rating of "Buy" and a consensus target price 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.

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