Wedge Capital Management L L P NC Boosts Stake in Benchmark Electronics, Inc. $BHE

Key Points

• Wedge Capital Management boosted its stake in Benchmark Electronics by 19.0% during the second quarter, owning a total of 56,733 shares valued at approximately $2.2 million.
• Benchmark Electronics declared a quarterly dividend of $0.17 per share, with the ex-dividend date set for September 30th, representing an annualized yield of 1.7%.
• Analysts have adjusted their price targets for Benchmark Electronics, with Needham & Company lowering their target from $48.00 to $47.00, while the stock retains a consensus rating of "Buy".

Wedge Capital Management L L P NC grew its position in Benchmark Electronics, Inc. (NYSE:BHE - Free Report) by 19.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 56,733 shares of the technology company's stock after buying an additional 9,040 shares during the period. Wedge Capital Management L L P NC owned approximately 0.16% of Benchmark Electronics worth $2,203,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in Benchmark Electronics during the 1st quarter valued at about $56,000. Versant Capital Management Inc increased its position in Benchmark Electronics by 197.5% during the 1st quarter. Versant Capital Management Inc now owns 2,475 shares of the technology company's stock valued at $94,000 after purchasing an additional 1,643 shares during the period. State of Wyoming boosted its stake in shares of Benchmark Electronics by 213.4% during the fourth quarter. State of Wyoming now owns 3,563 shares of the technology company's stock valued at $162,000 after purchasing an additional 2,426 shares in the last quarter. Caxton Associates LLP purchased a new stake in Benchmark Electronics during the first quarter worth $202,000. Finally, Linscomb Wealth Inc. acquired a new position in Benchmark Electronics during the 1st quarter valued at about $214,000. Institutional investors own 92.29% of the company's stock.

Benchmark Electronics Stock Performance

BHE traded up $0.15 on Monday, hitting $40.28. The company had a trading volume of 224,835 shares, compared to its average volume of 288,592. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.36 and a quick ratio of 1.46. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 38.36 and a beta of 1.05. The company's fifty day moving average price is $39.60 and its 200 day moving average price is $38.18. Benchmark Electronics, Inc. has a 1-year low of $30.73 and a 1-year high of $52.57.

Benchmark Electronics (NYSE:BHE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating 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 in the previous year, the firm earned $0.57 EPS. 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.

Benchmark Electronics Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on BHE. Needham & Company LLC cut 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. Wall Street Zen downgraded shares of Benchmark Electronics from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $46.50.

Insider Transactions at Benchmark Electronics

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

Benchmark Electronics Company 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.