Wedge Capital Management L L P NC Increases Stock Position in Benchmark Electronics, Inc. $BHE

Wedge Capital Management L L P NC lifted its holdings in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 19.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,733 shares of the technology company’s stock after acquiring an additional 9,040 shares during the period. Wedge Capital Management L L P NC’s holdings in Benchmark Electronics were worth $2,203,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BHE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Benchmark Electronics by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,308 shares of the technology company’s stock worth $922,000 after acquiring an additional 709 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Benchmark Electronics by 1.6% during the fourth quarter. Nuveen Asset Management LLC now owns 126,751 shares of the technology company’s stock worth $5,754,000 after acquiring an additional 1,953 shares during the last quarter. Man Group plc purchased a new position in Benchmark Electronics in the 4th quarter valued at $264,000. ProShare Advisors LLC grew its position in Benchmark Electronics by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 10,763 shares of the technology company’s stock valued at $489,000 after buying an additional 3,309 shares during the last quarter. Finally, State of Wyoming increased its stake in Benchmark Electronics by 213.4% in the 4th quarter. State of Wyoming now owns 3,563 shares of the technology company’s stock valued at $162,000 after buying an additional 2,426 shares during the period. 92.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Jan M. Janick sold 10,004 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $40.50, for a total transaction of $405,162.00. Following the completion of the transaction, the senior vice president owned 62,368 shares of the company’s stock, valued at approximately $2,525,904. This represents a 13.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.20% of the company’s stock.

Benchmark Electronics Stock Performance

Shares of NYSE BHE opened at $40.12 on Monday. The company has a market cap of $1.44 billion, a PE ratio of 38.21 and a beta of 1.05. Benchmark Electronics, Inc. has a 12 month low of $30.73 and a 12 month high of $52.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.36 and a quick ratio of 1.46. The company has a 50-day simple moving average of $39.58 and a 200-day simple moving average of $38.17.

Benchmark Electronics (NYSE:BHE) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $642.34 million during the quarter, compared to the consensus estimate of $638.67 million. Benchmark Electronics had a net margin of 1.48% and a return on equity of 6.08%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. Benchmark Electronics has set its Q3 2025 guidance at 0.560-0.620 EPS.

Benchmark Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 13th. Investors of record on Tuesday, September 30th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.68 annualized dividend and a yield of 1.7%. Benchmark Electronics’s dividend payout ratio is 64.76%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wall Street Zen cut shares of Benchmark Electronics from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Needham & Company LLC reduced their target price on shares of Benchmark Electronics from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $46.50.

About Benchmark Electronics

Benchmark Electronics, Inc, together with its subsidiaries, offers product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company provides engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services.