Wellington Management Group LLP Sells 182,068 Shares of Benchmark Electronics, Inc. $BHE

Wellington Management Group LLP lowered its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 23.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586,923 shares of the technology company’s stock after selling 182,068 shares during the quarter. Wellington Management Group LLP owned about 1.63% of Benchmark Electronics worth $57,912,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BHE. Rockefeller Capital Management L.P. lifted its position in shares of Benchmark Electronics by 69.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after acquiring an additional 250 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Benchmark Electronics in the fourth quarter worth $42,000. Clearstead Advisors LLC increased its position in shares of Benchmark Electronics by 246.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock worth $58,000 after purchasing an additional 970 shares during the period. Parkside Financial Bank & Trust raised its stake in Benchmark Electronics by 28.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock valued at $62,000 after purchasing an additional 322 shares in the last quarter. Finally, Group One Trading LLC bought a new stake in Benchmark Electronics during the second quarter worth about $73,000. Institutional investors own 92.29% of the company’s stock.

Wall Street Analysts Forecast Growth

BHE has been the topic of several recent analyst reports. Needham & Company LLC raised their target price on shares of Benchmark Electronics from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Benchmark Electronics currently has a consensus rating of “Buy” and an average price target of $91.00.

Benchmark Electronics Stock Performance

NYSE:BHE opened at $71.08 on Friday. The stock’s 50-day simple moving average is $80.45 and its 200 day simple moving average is $74.30. The firm has a market capitalization of $2.55 billion, a PE ratio of 48.35 and a beta of 1.26. 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, Inc. has a twelve month low of $35.91 and a twelve month high of $100.41.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Wednesday, July 29th. The technology company reported $0.75 EPS for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Insider Transactions at Benchmark Electronics

In related news, SVP Stephen Beaver sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 75,020 shares in the company, valued at $6,470,475. This represents a 21.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Benchmark Electronics 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.