Empowered Funds LLC Raises Holdings in Benchmark Electronics, Inc. $BHE

Empowered Funds LLC lifted its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 5.0% during the first quarter, Holdings Channel reports. The firm owned 168,067 shares of the technology company’s stock after acquiring an additional 7,956 shares during the quarter. Empowered Funds LLC’s holdings in Benchmark Electronics were worth $9,422,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in BHE. The Manufacturers Life Insurance Company grew its stake in Benchmark Electronics by 3.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 15,943 shares of the technology company’s stock worth $894,000 after buying an additional 507 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in Benchmark Electronics in the first quarter valued at approximately $703,000. Quantinno Capital Management LP lifted its stake in Benchmark Electronics by 22.2% in the first quarter. Quantinno Capital Management LP now owns 18,213 shares of the technology company’s stock valued at $1,021,000 after buying an additional 3,304 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Benchmark Electronics by 1,230.6% in the first quarter. Lazard Asset Management LLC now owns 69,139 shares of the technology company’s stock valued at $3,876,000 after acquiring an additional 63,943 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Benchmark Electronics by 6.3% in the first quarter. Sei Investments Co. now owns 122,502 shares of the technology company’s stock valued at $6,867,000 after acquiring an additional 7,303 shares during the period. 92.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. 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 shares of Benchmark Electronics from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Benchmark Electronics in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $91.00.

Key Benchmark Electronics News

Here are the key news stories impacting Benchmark Electronics this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. Benchmark reported $756 million in revenue, up 18% year over year. Non-GAAP EPS was $0.75, ahead of the $0.69 consensus estimate, while GAAP EPS was $0.55. Non-GAAP earnings increased 36% from the prior-year quarter, supporting the positive investor reaction. Benchmark Reports Strong Second Quarter Results
• Positive Sentiment: Third-quarter guidance came in above analyst forecasts. Management forecast adjusted EPS of $0.76 to $0.82, compared with the $0.72 consensus estimate, and revenue of $755 million to $795 million, versus expectations of approximately $744.3 million. The guidance suggests continued operating momentum. Benchmark Reports Strong Q2 Results
• Positive Sentiment: Analyst sentiment improved. Needham raised its price target from $80 to $90 and maintained a “Buy” rating, implying additional upside based on the referenced price. The target increase reinforces confidence in Benchmark’s earnings trajectory. Benzinga analyst action
• Neutral Sentiment: Cash generation was positive but modest relative to sales. Benchmark produced $35 million of operating cash flow and $22 million of free cash flow during the quarter. Investors will likely monitor whether cash generation accelerates alongside the company’s revenue and earnings growth. Benchmark Q2 Earnings Snapshot

Benchmark Electronics Stock Performance

Shares of BHE stock opened at $78.74 on Friday. The stock’s 50-day moving average price is $86.17 and its 200 day moving average price is $70.03. The company has a quick ratio of 1.42, a current ratio of 2.18 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.83 billion, a PE ratio of 53.57 and a beta of 1.24. Benchmark Electronics, Inc. has a 52-week low of $34.44 and a 52-week high of $100.41.

Benchmark Electronics (NYSE:BHE) 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. Benchmark Electronics had a return on equity of 7.31% and a net margin of 1.89%.The company had revenue of $755.98 million during the quarter, compared to analysts’ expectations of $720.00 million. During the same period last year, the firm earned $0.03 EPS. The firm’s revenue for the quarter 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th were paid 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 71.58%.

Insider Activity

In related news, SVP Rhonda R. Turner sold 6,600 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $85.14, for a total transaction of $561,924.00. Following the completion of the sale, the senior vice president directly owned 36,067 shares of the company’s stock, valued at $3,070,744.38. This trade represents a 15.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David Moezidis sold 12,500 shares of Benchmark Electronics stock in a transaction on Tuesday, May 26th. The shares were 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 in the company, valued at approximately $7,492,839.48. This trade represents a 12.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 86,352 shares of company stock valued at $7,312,806. 1.10% of the stock is currently owned by company insiders.

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.