Evolve Private Wealth LLC Makes New Investment in Benchmark Electronics, Inc. $BHE

Evolve Private Wealth LLC purchased a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 11,004 shares of the technology company’s stock, valued at approximately $1,088,000.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its position in shares of Benchmark Electronics by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company’s stock valued at $124,293,000 after purchasing an additional 218,450 shares during the period. Oppenheimer Asset Management Inc. bought a new position in Benchmark Electronics in the 4th quarter worth $1,193,000. UBS Group AG increased its stake in Benchmark Electronics by 100.0% in the 4th quarter. UBS Group AG now owns 68,841 shares of the technology company’s stock worth $2,944,000 after buying an additional 34,415 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Benchmark Electronics in the 1st quarter worth $4,740,000. Finally, Louisiana State Employees Retirement System bought a new stake in Benchmark Electronics during the first quarter valued at about $886,000. 92.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BHE. Needham & Company LLC increased their target price on Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Weiss Ratings raised Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Finally, Lake Street Capital restated a “buy” rating and issued a $92.00 price target on shares of Benchmark Electronics in a research note on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $91.00.

Benchmark Electronics Trading Down 0.2%

BHE opened at $72.46 on Monday. Benchmark Electronics, Inc. has a 52 week low of $35.91 and a 52 week high of $100.41. The company has a market capitalization of $2.60 billion, a P/E ratio of 49.29 and a beta of 1.28. The stock’s fifty day moving average is $84.16 and its two-hundred day moving average is $73.44. The company has a quick ratio of 1.31, a current ratio of 1.99 and a debt-to-equity ratio of 0.16.

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

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics’s dividend payout ratio is presently 46.26%.

Insider Activity at Benchmark Electronics

In related news, CEO David Moezidis sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $87.57, for a total value of $1,094,625.00. Following the completion of the transaction, the chief executive officer owned 85,564 shares of the company’s stock, valued at $7,492,839.48. The trade was a 12.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Stephen J. Beaver sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the completion of the transaction, the senior vice president directly owned 75,020 shares of the company’s stock, valued at $6,470,475. This trade represents a 21.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by corporate insiders.

About Benchmark Electronics

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.