JPMorgan Chase & Co. Sells 80,306 Shares of Benchmark Electronics, Inc. $BHE

JPMorgan Chase & Co. decreased its stake in Benchmark Electronics, Inc. (NYSE:BHE) by 18.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 351,730 shares of the technology company’s stock after selling 80,306 shares during the period. JPMorgan Chase & Co.’s holdings in Benchmark Electronics were worth $13,658,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in shares of Benchmark Electronics in the 1st quarter valued at $56,000. Nuveen LLC acquired a new position in Benchmark Electronics in the first quarter valued at about $6,746,000. Linscomb Wealth Inc. bought a new stake in Benchmark Electronics during the first quarter worth about $214,000. Public Sector Pension Investment Board increased its holdings in shares of Benchmark Electronics by 27.2% during the first quarter. Public Sector Pension Investment Board now owns 114,140 shares of the technology company’s stock worth $4,341,000 after buying an additional 24,407 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Benchmark Electronics by 73,607.2% during the first quarter. Russell Investments Group Ltd. now owns 50,858 shares of the technology company’s stock worth $1,934,000 after buying an additional 50,789 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Stock Up 0.4%

NYSE:BHE opened at $47.00 on Monday. The stock’s fifty day moving average price is $42.39 and its two-hundred day moving average price is $40.19. Benchmark Electronics, Inc. has a 52-week low of $30.73 and a 52-week high of $50.26. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.50 and a current ratio of 2.32. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 46.08 and a beta of 1.04.

Benchmark Electronics (NYSE:BHE) last released its earnings results on Tuesday, November 4th. The technology company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.57 by $0.05. The company had revenue of $680.68 million during the quarter, compared to analysts’ expectations of $661.67 million. Benchmark Electronics had a return on equity of 6.15% and a net margin of 1.43%.The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. Benchmark Electronics has set its Q4 2025 guidance at 0.620-0.680 EPS.

Benchmark Electronics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 13th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. Benchmark Electronics’s payout ratio is currently 66.67%.

Analysts Set New Price Targets

BHE has been the topic of several recent analyst reports. Wall Street Zen upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a research note on Wednesday, October 8th. Finally, Lake Street Capital restated a “buy” rating and issued a $51.00 target price on shares of Benchmark Electronics in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Insider Transactions at Benchmark Electronics

In other news, SVP Jan M. Janick sold 8,967 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $42.66, for a total value of $382,532.22. Following the transaction, the senior vice president owned 53,401 shares of the company’s stock, valued at approximately $2,278,086.66. This trade represents a 14.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.20% of the company’s stock.

About Benchmark Electronics

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.