Benchmark Electronics, Inc. $BHE Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of Benchmark Electronics, Inc. (NYSE:BHE) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 341,682 shares of the technology company’s stock after selling 10,048 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.96% of Benchmark Electronics worth $13,172,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new position in Benchmark Electronics in the 3rd quarter valued at $40,000. Versant Capital Management Inc grew its holdings in shares of Benchmark Electronics by 21.2% during the third quarter. Versant Capital Management Inc now owns 2,323 shares of the technology company’s stock worth $90,000 after buying an additional 407 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Benchmark Electronics by 215.1% in the second quarter. Tower Research Capital LLC TRC now owns 3,000 shares of the technology company’s stock valued at $116,000 after buying an additional 2,048 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Benchmark Electronics by 12.9% in the third quarter. PNC Financial Services Group Inc. now owns 3,124 shares of the technology company’s stock valued at $120,000 after buying an additional 358 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Benchmark Electronics in the second quarter worth about $137,000. 92.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Jeff Benck sold 25,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $58.19, for a total value of $1,454,750.00. Following the completion of the transaction, the chief executive officer directly owned 398,180 shares in the company, valued at approximately $23,170,094.20. This represents a 5.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 40,934 shares of company stock valued at $2,264,419 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BHE. Wall Street Zen upgraded shares of Benchmark Electronics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Needham & Company LLC raised their target price on shares of Benchmark Electronics from $55.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Lake Street Capital set a $62.00 target price on Benchmark Electronics in a report on Wednesday, February 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Benchmark Electronics in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Benchmark Electronics currently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

Benchmark Electronics Trading Down 1.0%

Shares of BHE opened at $55.69 on Friday. Benchmark Electronics, Inc. has a 12-month low of $30.73 and a 12-month high of $61.12. The firm has a market capitalization of $1.99 billion, a P/E ratio of 80.71 and a beta of 0.99. The firm has a 50-day moving average price of $55.42 and a 200 day moving average price of $47.34. The company has a current ratio of 2.28, a quick ratio of 1.52 and a debt-to-equity ratio of 0.19.

Benchmark Electronics (NYSE:BHE) last issued its earnings results on Tuesday, February 3rd. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $704.00 million for the quarter, compared to the consensus estimate of $696.67 million. Benchmark Electronics had a net margin of 0.93% and a return on equity of 6.48%. Benchmark Electronics’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 earnings per share. Benchmark Electronics has set its Q1 2026 guidance at 0.530-0.590 EPS.

Benchmark Electronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be issued a $0.17 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $0.68 dividend on an annualized basis and a yield of 1.2%. Benchmark Electronics’s dividend payout ratio is currently 98.55%.

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.