PDT Partners LLC Invests $6.96 Million in Benchmark Electronics, Inc. $BHE

PDT Partners LLC acquired a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 70,494 shares of the technology company’s stock, valued at approximately $6,956,000. PDT Partners LLC owned about 0.20% of Benchmark Electronics as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. ProShare Advisors LLC increased its position in Benchmark Electronics by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 6,952 shares of the technology company’s stock worth $297,000 after buying an additional 214 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of Benchmark Electronics by 4.6% in the first quarter. Pictet Asset Management Holding SA now owns 5,097 shares of the technology company’s stock valued at $286,000 after acquiring an additional 226 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Benchmark Electronics by 3.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 7,158 shares of the technology company’s stock worth $306,000 after acquiring an additional 228 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Benchmark Electronics by 69.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock worth $26,000 after acquiring an additional 250 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Benchmark Electronics by 28.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,446 shares of the technology company’s stock worth $62,000 after acquiring an additional 322 shares during the period. Institutional investors own 92.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings raised shares of Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Needham & Company LLC boosted their price objective 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 reaffirmed a “buy” rating and set a $92.00 price objective on shares of Benchmark Electronics in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $91.00.

Benchmark Electronics Stock Performance

Shares of NYSE BHE opened at $71.87 on Wednesday. The business has a fifty day simple moving average of $83.43 and a 200 day simple moving average of $73.66. The company has a current ratio of 1.99, a quick ratio of 1.31 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 48.89 and a beta of 1.27. Benchmark Electronics, Inc. has a one year low of $35.91 and a one year 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. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The firm had revenue of $755.98 million during the quarter, compared to analysts’ expectations of $720.00 million. During the same period last year, the business earned $0.03 earnings per share. Benchmark Electronics’s quarterly revenue 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.17 per share. 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 presently 46.26%.

Insider Buying and Selling at Benchmark Electronics

In other news, SVP Stephen J. Beaver sold 20,000 shares of Benchmark Electronics stock in a transaction dated 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 sale, the senior vice president directly owned 75,020 shares in the company, valued at approximately $6,470,475. The trade was a 21.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

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.