First Trust Advisors LP Has $34.56 Million Holdings in Benchmark Electronics, Inc. $BHE

First Trust Advisors LP decreased its stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 42.2% during the first quarter, HoldingsChannel.com reports. The fund owned 616,547 shares of the technology company’s stock after selling 449,725 shares during the period. First Trust Advisors LP’s holdings in Benchmark Electronics were worth $34,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Earnest Partners LLC bought a new stake in Benchmark Electronics during the fourth quarter worth approximately $74,940,000. Franklin Resources Inc. raised its position in shares of Benchmark Electronics by 14.4% in the third quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company’s stock valued at $103,634,000 after purchasing an additional 338,081 shares during the period. Kennedy Capital Management LLC raised its position in shares of Benchmark Electronics by 141.8% in the third quarter. Kennedy Capital Management LLC now owns 363,651 shares of the technology company’s stock valued at $14,019,000 after purchasing an additional 213,276 shares during the period. Focus Partners Wealth bought a new position in shares of Benchmark Electronics in the fourth quarter valued at approximately $8,312,000. Finally, Millennium Management LLC lifted its stake in shares of Benchmark Electronics by 56.4% in the third quarter. Millennium Management LLC now owns 341,457 shares of the technology company’s stock worth $13,163,000 after buying an additional 123,143 shares during the last quarter. 92.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Benchmark Electronics

In other Benchmark Electronics news, Director Kenneth T. Lamneck sold 24,263 shares of the firm’s stock in a transaction on 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 directly owned 47,418 shares in the company, valued at $3,864,092.82. This trade represents a 33.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Moezidis sold 12,500 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $87.57, for a total transaction of $1,094,625.00. Following the transaction, the chief executive officer owned 85,564 shares in the company, valued at approximately $7,492,839.48. The trade was a 12.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 86,352 shares of company stock worth $7,312,806. 1.10% of the stock is currently owned by insiders.

Benchmark Electronics Stock Performance

Shares of NYSE BHE opened at $79.39 on Tuesday. Benchmark Electronics, Inc. has a 12 month low of $34.44 and a 12 month high of $100.41. The company has a market cap of $2.85 billion, a P/E ratio of 83.57 and a beta of 1.24. The business’s 50 day moving average is $86.52 and its two-hundred day moving average is $69.35. The company has a quick ratio of 1.42, a current ratio of 2.18 and a debt-to-equity ratio of 0.18.

Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Wednesday, April 29th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $677.28 million during the quarter, compared to analysts’ expectations of $676.25 million. Benchmark Electronics had a return on equity of 6.63% and a net margin of 1.27%.Benchmark Electronics’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. Benchmark Electronics has set its Q2 2026 guidance at 0.650-0.710 EPS.

Benchmark Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.68 dividend on an annualized basis and a yield of 0.9%. Benchmark Electronics’s dividend payout ratio is 71.58%.

Analyst Ratings Changes

Several analysts recently issued reports on BHE shares. Lake Street Capital reaffirmed a “buy” rating and set a $92.00 price objective on shares of Benchmark Electronics in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Benchmark Electronics in a research report on Friday, July 17th. Finally, Needham & Company LLC upped their price target on shares of Benchmark Electronics from $62.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.00.

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.