Heartland Advisors Inc. Takes $6.41 Million Position in Benchmark Electronics, Inc. $BHE

Heartland Advisors Inc. acquired a new stake in Benchmark Electronics, Inc. (NYSE:BHE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 65,000 shares of the technology company’s stock, valued at approximately $6,414,000.

Other hedge funds also recently added to or reduced their stakes in the company. First National Bank of Omaha acquired a new position in shares of Benchmark Electronics in the second quarter worth $1,139,000. BlackRock Inc. purchased a new position in Benchmark Electronics in the second quarter valued at $579,768,000. Deutsche Bank AG acquired a new position in Benchmark Electronics during the 2nd quarter worth $9,589,000. Global Retirement Partners LLC purchased a new stake in Benchmark Electronics during the 2nd quarter worth about $112,000. Finally, Bank of New York Mellon Corp acquired a new stake in Benchmark Electronics in the 2nd quarter valued at about $31,061,000. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Benchmark Electronics Trading Down 1.2%

BHE opened at $72.46 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.99. Benchmark Electronics, Inc. has a one year low of $35.91 and a one year high of $100.41. The company has a market cap of $2.60 billion, a P/E ratio of 49.29 and a beta of 1.27. The business’s 50-day simple moving average is $84.16 and its 200-day simple moving average is $73.30.

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

Benchmark Electronics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics’s dividend payout ratio (DPR) is 46.26%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

Benchmark Electronics Company Profile

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.