First Trust Advisors LP Sells 380,330 Shares of Benchmark Electronics, Inc. $BHE

First Trust Advisors LP cut its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 21.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,410,317 shares of the technology company’s stock after selling 380,330 shares during the quarter. First Trust Advisors LP’s holdings in Benchmark Electronics were worth $54,368,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada increased its position in Benchmark Electronics by 30.2% during the first quarter. Royal Bank of Canada now owns 14,420 shares of the technology company’s stock worth $548,000 after acquiring an additional 3,341 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Benchmark Electronics by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,239 shares of the technology company’s stock valued at $808,000 after purchasing an additional 931 shares during the period. Caxton Associates LLP bought a new stake in Benchmark Electronics in the 1st quarter valued at $202,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Benchmark Electronics by 12.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,673 shares of the technology company’s stock worth $3,981,000 after purchasing an additional 11,369 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Benchmark Electronics by 99.8% in the 1st quarter. Jane Street Group LLC now owns 107,802 shares of the technology company’s stock worth $4,100,000 after purchasing an additional 53,840 shares during the last quarter. 92.29% of the stock is owned by institutional investors.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, SVP Rhonda R. Turner sold 10,000 shares of Benchmark Electronics stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,659,748.83. The trade was a 22.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeff Benck sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $58.19, for a total value of $1,454,750.00. Following the completion of the sale, the chief executive officer owned 398,180 shares in the company, valued at approximately $23,170,094.20. This represents a 5.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 50,934 shares of company stock valued at $2,742,719. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Benchmark Electronics in a research report on Wednesday, January 21st. Wall Street Zen raised Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Lake Street Capital set a $62.00 price target on Benchmark Electronics in a research note on Wednesday, February 4th. Finally, Needham & Company LLC upped their price target on Benchmark Electronics from $55.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Benchmark Electronics Trading Up 0.7%

Shares of Benchmark Electronics stock opened at $54.69 on Thursday. The firm has a market capitalization of $1.95 billion, a PE ratio of 79.26 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.28 and a quick ratio of 1.52. The company’s fifty day moving average price is $53.09 and its two-hundred day moving average price is $46.12. Benchmark Electronics, Inc. has a 52-week low of $30.73 and a 52-week high of $61.12.

Benchmark Electronics (NYSE:BHE) last released its quarterly earnings data on Tuesday, February 3rd. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. Benchmark Electronics had a net margin of 0.93% and a return on equity of 6.48%. The company had revenue of $704.00 million during the quarter, compared to the consensus estimate of $696.67 million. During the same period last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Benchmark Electronics has set its Q1 2026 guidance at 0.530-0.590 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Wednesday, December 31st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Wednesday, December 31st. Benchmark Electronics’s dividend payout ratio is 98.55%.

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.