Empowered Funds LLC Acquires Shares of 170,291 Benchmark Electronics, Inc. $BHE

Empowered Funds LLC acquired a new stake in shares of Benchmark Electronics, Inc. (NYSE:BHE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 170,291 shares of the technology company’s stock, valued at approximately $16,803,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Benchmark Electronics in the second quarter valued at $579,768,000. Franklin Resources Inc. raised its holdings in Benchmark Electronics by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 2,906,748 shares of the technology company’s stock worth $124,293,000 after purchasing an additional 218,450 shares in the last quarter. Earnest Partners LLC bought a new position in Benchmark Electronics in the 4th quarter worth $74,940,000. State Street Corp lifted its position in shares of Benchmark Electronics by 0.7% in the 4th quarter. State Street Corp now owns 1,389,766 shares of the technology company’s stock worth $59,661,000 after purchasing an additional 9,724 shares during the period. Finally, Wasatch Advisors LP lifted its position in shares of Benchmark Electronics by 0.6% in the 2nd quarter. Wasatch Advisors LP now owns 1,229,825 shares of the technology company’s stock worth $47,754,000 after purchasing an additional 6,868 shares during the period. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Benchmark Electronics Price Performance

BHE stock opened at $71.30 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. The firm has a 50 day moving average price of $82.26 and a 200-day moving average price of $73.86. Benchmark Electronics, Inc. has a 52-week low of $35.91 and a 52-week high of $100.41. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 48.50 and a beta of 1.27.

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, topping analysts’ consensus estimates of $0.69 by $0.06. The company had revenue of $755.98 million for the quarter, compared to analysts’ expectations of $720.00 million. Benchmark Electronics had a net margin of 1.89% and a return on equity of 7.28%. Benchmark Electronics’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.03 EPS. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Benchmark Electronics’s payout ratio is 46.26%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings upgraded Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, July 31st. Needham & Company LLC raised their target price on Benchmark Electronics from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Benchmark Electronics presently has a consensus rating of “Buy” and a consensus price target of $91.00.

Insiders Place Their Bets

In related news, SVP Stephen J. Beaver sold 20,000 shares of Benchmark Electronics stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $86.25, for a total value of $1,725,000.00. Following the completion of the sale, the senior vice president owned 75,020 shares of the company’s stock, valued at $6,470,475. The trade was a 21.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

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.