Bank of New York Mellon Corp Sells 7,655 Shares of Benchmark Electronics, Inc. $BHE

Bank of New York Mellon Corp reduced its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 311,220 shares of the technology company’s stock after selling 7,655 shares during the quarter. Bank of New York Mellon Corp’s holdings in Benchmark Electronics were worth $17,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its holdings in shares of Benchmark Electronics by 69.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 609 shares of the technology company’s stock valued at $26,000 after purchasing an additional 250 shares during the period. Kestra Advisory Services LLC bought a new stake in Benchmark Electronics in the fourth quarter valued at approximately $42,000. Clearstead Advisors LLC lifted its position in shares of Benchmark Electronics by 246.8% in the fourth quarter. Clearstead Advisors LLC now owns 1,363 shares of the technology company’s stock valued at $58,000 after buying an additional 970 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Benchmark Electronics by 28.6% during the 4th 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. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Benchmark Electronics during the 4th quarter worth approximately $79,000. Institutional investors own 92.29% of the company’s stock.

Benchmark Electronics Stock Down 3.6%

BHE stock opened at $74.17 on Thursday. Benchmark Electronics, Inc. has a fifty-two week low of $34.44 and a fifty-two week high of $100.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.18 and a quick ratio of 1.42. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 78.07 and a beta of 1.24. The business’s fifty day moving average price is $86.25 and its two-hundred day moving average price is $69.79.

Benchmark Electronics (NYSE:BHE) last announced its earnings results on Wednesday, July 29th. The technology company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Benchmark Electronics had a net margin of 1.27% and a return on equity of 6.63%. The company had revenue of $755.98 million during the quarter, compared to analysts’ expectations of $720.00 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. Benchmark Electronics’s quarterly revenue was up 17.7% on a year-over-year basis. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Dividend Announcement

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

Insider Activity

In other Benchmark Electronics 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 transaction, the senior vice president directly owned 75,020 shares of the company’s stock, valued at $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 available at the SEC website. Also, CEO David Moezidis sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $87.57, for a total value of $1,094,625.00. Following the sale, the chief executive officer owned 85,564 shares of the company’s stock, valued at approximately $7,492,839.48. The trade was a 12.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 86,352 shares of company stock worth $7,312,806. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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