First National Bank of Omaha acquired a new position in shares of Benchmark Electronics, Inc. (NYSE:BHE – Free Report) during the second quarter, Holdings Channel reports. The institutional investor acquired 11,542 shares of the technology company’s stock, valued at approximately $1,139,000.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Benchmark Electronics during the second quarter worth $579,768,000. Earnest Partners LLC purchased a new position in Benchmark Electronics in the fourth quarter valued at $74,940,000. Franklin Resources Inc. increased its holdings in 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 buying an additional 338,081 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Benchmark Electronics in the second quarter worth about $31,061,000. Finally, 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 worth $14,019,000 after acquiring an additional 213,276 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Benchmark Electronics news, CEO David Moezidis sold 12,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 85,564 shares of the company’s stock, valued at $7,492,839.48. This represents a 12.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Stephen J. Beaver sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $86.25, for a total value of $1,725,000.00. Following the completion of the transaction, the senior vice president owned 75,020 shares in the company, valued at approximately $6,470,475. This trade represents a 21.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by corporate insiders.
Benchmark Electronics Price Performance
Benchmark Electronics (NYSE:BHE – Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $755.98 million during 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%. The firm’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 earnings per share. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.
Benchmark Electronics Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, June 30th. Benchmark Electronics’s dividend payout ratio is 46.26%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on BHE shares. Lake Street Capital restated a “buy” rating and set a $92.00 target price on shares of Benchmark Electronics in a research report on Thursday, April 30th. Needham & Company LLC upped their price target on Benchmark Electronics from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings upgraded Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $91.00.
View Our Latest Stock Report on Benchmark Electronics
Benchmark Electronics 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.
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