PDT Partners LLC Purchases New Position in Benchmark Electronics, Inc. $BHE

PDT Partners LLC purchased a new stake in Benchmark Electronics, Inc. (NYSE:BHE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 70,494 shares of the technology company’s stock, valued at approximately $6,956,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Benchmark Electronics in the second quarter valued at approximately $579,768,000. Earnest Partners LLC bought a new stake in Benchmark Electronics during the 4th quarter worth approximately $74,940,000. Franklin Resources Inc. grew its position in Benchmark Electronics by 14.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,688,298 shares of the technology company’s stock worth $103,634,000 after acquiring an additional 338,081 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Benchmark Electronics during the 2nd quarter valued at $31,061,000. Finally, Kennedy Capital Management LLC increased its holdings in Benchmark Electronics by 141.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 363,651 shares of the technology company’s stock valued at $14,019,000 after purchasing an additional 213,276 shares in the last quarter. 92.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Benchmark Electronics news, SVP Stephen J. Beaver sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $86.25, for a total transaction of $1,725,000.00. Following the completion of the sale, the senior vice president directly owned 75,020 shares of the company’s stock, valued at approximately $6,470,475. The trade was a 21.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Benchmark Electronics Stock Performance

BHE stock opened at $71.87 on Wednesday. The company has a 50 day moving average price of $83.43 and a 200 day moving average price of $73.66. Benchmark Electronics, Inc. has a fifty-two week low of $35.91 and a fifty-two week high of $100.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.99 and a quick ratio of 1.31. The stock has a market capitalization of $2.58 billion, a PE ratio of 48.89 and a beta of 1.27.

Benchmark Electronics (NYSE:BHE) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $755.98 million for the quarter, compared to analyst estimates of $720.00 million. Benchmark Electronics had a return on equity of 7.28% and a net margin of 1.89%.The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. Benchmark Electronics has set its Q3 2026 guidance at 0.760-0.820 EPS.

Benchmark Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were given a $0.17 dividend. 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 presently 46.26%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BHE. Lake Street Capital reissued a “buy” rating and issued a $92.00 price objective on shares of Benchmark Electronics in a research note on Thursday, April 30th. Weiss Ratings upgraded Benchmark Electronics from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, July 31st. Finally, Needham & Company LLC lifted their price target on Benchmark Electronics from $80.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $91.00.

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.