SummerHaven Investment Management LLC Takes Position in Benchmark Electronics, Inc. $BHE

SummerHaven Investment Management LLC purchased a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 21,061 shares of the technology company’s stock, valued at approximately $812,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Versant Capital Management Inc increased its position in shares of Benchmark Electronics by 21.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,323 shares of the technology company’s stock valued at $90,000 after purchasing an additional 407 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Benchmark Electronics by 215.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the technology company’s stock worth $116,000 after buying an additional 2,048 shares during the last quarter. State of Wyoming bought a new position in Benchmark Electronics during the second quarter valued at about $137,000. GAMMA Investing LLC increased its holdings in Benchmark Electronics by 58.3% during the second quarter. GAMMA Investing LLC now owns 3,609 shares of the technology company’s stock worth $140,000 after buying an additional 1,329 shares during the last quarter. Finally, Caxton Associates LLP purchased a new stake in Benchmark Electronics during the first quarter worth about $202,000. Hedge funds and other institutional investors own 92.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BHE shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a research note on Wednesday, January 21st. Lake Street Capital lifted their price target on shares of Benchmark Electronics from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Wall Street Zen upgraded Benchmark Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Needham & Company LLC raised their target price on Benchmark Electronics from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Benchmark Electronics Stock Performance

Shares of BHE stock opened at $49.69 on Thursday. The stock has a market capitalization of $1.77 billion, a P/E ratio of 48.71 and a beta of 1.03. The company has a current ratio of 2.32, a quick ratio of 1.50 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $46.22 and its 200 day moving average is $42.42. Benchmark Electronics, Inc. has a 12 month low of $30.73 and a 12 month high of $52.53.

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

Benchmark Electronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Wednesday, December 31st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. Benchmark Electronics’s dividend payout ratio is 66.67%.

Insider Buying and Selling

In other news, SVP Rhonda R. Turner sold 10,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $47.83, for a total transaction of $478,300.00. Following the sale, the senior vice president directly owned 34,701 shares in the company, valued at $1,659,748.83. This represents a 22.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeff Benck sold 14,900 shares of the firm’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $50.24, for a total transaction of $748,576.00. Following the completion of the transaction, the chief executive officer owned 423,180 shares of the company’s stock, valued at $21,260,563.20. This trade represents a 3.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 63,967 shares of company stock worth $3,029,458 over the last quarter. 2.20% of the stock is 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.