Benchmark Electronics, Inc. $BHE Stock Position Raised by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 6.3% during the first quarter, Holdings Channel reports. The firm owned 122,502 shares of the technology company’s stock after purchasing an additional 7,303 shares during the quarter. Sei Investments Co.’s holdings in Benchmark Electronics were worth $6,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Benchmark Electronics by 38.5% during the first quarter. PNC Financial Services Group Inc. now owns 5,253 shares of the technology company’s stock valued at $295,000 after purchasing an additional 1,459 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Benchmark Electronics by 7.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 19,157 shares of the technology company’s stock worth $1,074,000 after buying an additional 1,370 shares during the period. Hillsdale Investment Management Inc. acquired a new stake in Benchmark Electronics during the 1st quarter worth about $4,740,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Benchmark Electronics by 15.6% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,494 shares of the technology company’s stock valued at $364,000 after buying an additional 875 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Benchmark Electronics by 21.9% in the first quarter. Principal Financial Group Inc. now owns 207,365 shares of the technology company’s stock worth $11,625,000 after buying an additional 37,316 shares during the period. 92.29% of the stock is owned by institutional investors and hedge funds.

Benchmark Electronics Trading Up 1.8%

Benchmark Electronics stock opened at $81.22 on Tuesday. The company’s fifty day simple moving average is $85.99 and its 200-day simple moving average is $70.50. 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 12 month low of $35.91 and a 12 month high of $100.41. The stock has a market cap of $2.92 billion, a P/E ratio of 55.26 and a beta of 1.28.

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

Benchmark Electronics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics’s dividend payout ratio is presently 46.26%.

Insider Buying and Selling

In other news, Director David W. Scheible sold 22,989 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $85.00, for a total transaction of $1,954,065.00. Following the completion of the sale, the director directly owned 62,057 shares of the company’s stock, valued at $5,274,845. This trade represents a 27.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth T. Lamneck sold 24,263 shares of Benchmark Electronics stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $81.49, for a total value of $1,977,191.87. Following the sale, the director owned 47,418 shares of the company’s stock, valued at approximately $3,864,092.82. This represents a 33.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 86,352 shares of company stock worth $7,312,806. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BHE. Weiss Ratings upgraded shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday. Lake Street Capital reaffirmed a “buy” rating and issued a $92.00 price objective on shares of Benchmark Electronics in a research note on Thursday, April 30th. Finally, Needham & Company LLC raised their price objective on shares of Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Three equities research 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.

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.